Ask about Lemma
Logo of LemmaLemma
Total Value Locked$8,984.49

TVL by Chain

OP Mainnet$8,984.49

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.

Category:Derivatives

Audits:

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Methodology

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

Competitors

Derive V2 ($117.23m)Aevo Perps ($14.66m)MUX Perps ($8.54m)Contango V2 ($6.16m)Polynomial Trade ($4.75m)ApeX Pro ($1.43m)Perpetual Protocol ($428,091.93)Pika ($305,305.32)Jarvis Network ($261,361.91)Vest Markets ($200,972.62)

Frequently Asked Questions

What is Lemma?

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.

What is Lemma's TVL?

Lemma currently has $8,984.49 in total value locked. TVL has increased 1.6% 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 #153 by TVL. The category holds $1.885b across 370 protocols, and Lemma accounts for <0.1% of that total. Other leading protocols include Jupiter, Hyperliquid, and GMX.