Logo of ConvertiblesConvertibles
Total Value Locked$49.63

TVL by Chain

Ethereum$49.63

Protocol Information

Structured credit protocol issuing convertible tokens that redeem at $1 or convert into ETH at a fixed price, offering stablecoin downside protection with ETH upside

Category:Options
Website

Methodology

TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHub

Competitors

Hegic ($9.99m)Opyn Gamma ($1.02m)Ribbon Earn ($1m)SOFA.org ($966,434.07)Panoptic V2 ($909,706.66)GammaSwap Open Interest ($653,276.13)Opyn Convexity ($545,458.91)Pods Finance ($389,396.07)Cega V1 ($308,208.55)Siren ($296,085.24)

Frequently Asked Questions

What is Convertibles?

Structured credit protocol issuing convertible tokens that redeem at $1 or convert into ETH at a fixed price, offering stablecoin downside protection with ETH upside

What is Convertibles' TVL?

Convertibles currently has $49.63 in total value locked. TVL has increased 24.1% over the past 30 days.

What chains does Convertibles operate on?

Convertibles operates on Ethereum. Ethereum holds the largest share at 100%.

How does Convertibles' TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Convertibles ranks #53 by TVL. The category holds $27.99m across 68 protocols, and Convertibles accounts for <0.1% of that total. Other leading protocols include Hegic, Opyn Gamma, Ribbon Earn, SOFA.org, Panoptic V2, GammaSwap Open Interest, Opyn Convexity, Pods Finance, Cega V1, and Siren.