Logo of ConvertiblesConvertibles
Total Value Locked$52.63

TVL by Chain

Ethereum$52.63

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

Website
Category:Options

Methodology

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

Competitors

Hegic ($9.5m)Panoptic V2 ($1.89m)Opyn Gamma ($1.09m)Ribbon Earn ($1.06m)SOFA.org ($857,541.48)Opyn Convexity ($581,682.69)Siren ($405,008.75)Pods Finance ($389,202.96)Cega V1 ($308,214.31)TYMIO ($255,452.31)

Frequently Asked Questions

What is Convertibles' TVL?

Convertibles currently has $52.63 in total value locked. TVL has increased 35% 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 $34.75m across 68 protocols, and Convertibles accounts for <0.1% of that total. Other leading protocols include Hegic, Panoptic V2, Opyn Gamma, Ribbon Earn, SOFA.org, Opyn Convexity, Siren, Pods Finance, Cega V1, and TYMIO.