Total Value Locked$149,281.77
TVL by Chain
Ethereum$149,281.77
Key Metrics
Total Raised$1m
Apr 9, 2026$1mRound: Pre-SeedInvestors: GSR, Maximum Frequency Ventures, Flowdesk, Selini Capital
Protocol Information
Enhanced is a structured-product infrastructure for onchain assets, including real-world assets (RWAs). In v1, the system allows users to write options such as covered calls and cash-secured puts onchain, as well as a vault infrastructure that enables the rolling of these strategies
Category:Yield
Methodology
TVL: TVL is calculated by taking the `totalDeposited` for each vault, which includes pending deposits, active deposited asset, pending withdrawal requests and processed-but-unclaimed withdrawals. Only materialized, unclaimed premium is counted. Projected or otherwise unmaterialized premium is excluded. Completed premium claims are also excluded.View code on GitHubCompetitors
Frequently Asked Questions
What is Enhanced?
Enhanced is a structured-product infrastructure for onchain assets, including real-world assets (RWAs). In v1, the system allows users to write options such as covered calls and cash-secured puts onchain, as well as a vault infrastructure that enables the rolling of these strategies
What is Enhanced's TVL?
Enhanced currently has $149,281.77 in total value locked.
What chains does Enhanced operate on?
Enhanced operates on Ethereum. Ethereum holds the largest share at 100%.
How does Enhanced's TVL compare to similar protocols?
Among Yield protocols tracked by DefiLlama, Enhanced ranks #136 by TVL. The category holds $4.358b across 558 protocols, and Enhanced accounts for <0.1% of that total. Other leading protocols include Pendle, Spark, and Convex Finance.