Logo of LemmaLemma
Total Value Locked$9,445.6

TVL by Chain

OP Mainnet$9,445.6

Protocol Information

Lemma is a decentralized finance (DeFi) protocol with two products: leveraged basis trading vault and USDL, a stablecoin that is fully decentralized, 100% capital efficient and USD pegged. It also has a spot exchange that allows traders to swap spot assets using perpetual futures markets much deeper liquidity called LemmaSwap.

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Category:Derivatives

Audits:

Methodology

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

Competitors

Derive V2 ($163.74m)Aevo Perps ($15.28m)MUX Perps ($10.15m)Contango V2 ($6.16m)ApeX Pro ($1.43m)Perpetual Protocol ($440,634.72)Pika ($303,283.53)Vest Markets ($263,363.52)Jarvis Network ($261,917.97)Lynx ($201,027.59)

Frequently Asked Questions

What is Lemma's TVL?

Lemma currently has $9,445.6 in total value locked. TVL has increased 5.3% over the past 30 days.

What chains does Lemma operate on?

Lemma operates on OP Mainnet. OP Mainnet holds the largest share at 100%.

How does Lemma's TVL compare to similar protocols?

Among Derivatives protocols tracked by DefiLlama, Lemma ranks #165 by TVL. The category holds $2.084b across 419 protocols, and Lemma accounts for <0.1% of that total. Other leading protocols include Derive V2, Aevo Perps, MUX Perps, Contango V2, ApeX Pro, Perpetual Protocol, Pika, Vest Markets, Jarvis Network, and Lynx.