Total Value Locked$1.04m
TVL by Chain
Ethereum$1.04m
The chart plots Active Loans as its own series; it is not part of the TVL above.
Key Metrics
Active Loans$0
Protocol Information
Structured products protocol
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubCompetitors
Ribbon Earn history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Aug 24, 2022 to Oct 20, 2026.
All-time high TVL: $7.14m on Apr 19, 2023. All-time low TVL: $205 on Aug 24, 2022.
Daily TVL, Sep 21, 2026 to Oct 20, 2026
| Date | TVL |
|---|---|
| Sep 21, 2026 | $1.12m |
| Sep 22, 2026 | $1.18m |
| Sep 23, 2026 | $1.17m |
| Sep 24, 2026 | $1.14m |
| Sep 25, 2026 | $1.15m |
| Sep 26, 2026 | $1.15m |
| Sep 27, 2026 | $1.15m |
| Sep 28, 2026 | $1.15m |
| Sep 29, 2026 | $1.14m |
| Sep 30, 2026 | $1.14m |
| Oct 1, 2026 | $1.14m |
| Oct 2, 2026 | $1.15m |
| Oct 3, 2026 | $1.14m |
| Oct 4, 2026 | $1.14m |
| Oct 5, 2026 | $1.16m |
| Oct 6, 2026 | $1.15m |
| Oct 7, 2026 | $1.15m |
| Oct 8, 2026 | $1.1m |
| Oct 9, 2026 | $1.07m |
| Oct 10, 2026 | $1.07m |
| Oct 11, 2026 | $1.08m |
| Oct 12, 2026 | $1.09m |
| Oct 13, 2026 | $1.05m |
| Oct 14, 2026 | $1.07m |
| Oct 15, 2026 | $1.05m |
| Oct 16, 2026 | $1.05m |
| Oct 17, 2026 | $1.05m |
| Oct 18, 2026 | $1.04m |
| Oct 19, 2026 | $1.04m |
| Oct 20, 2026 | $1.04m |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.78m |
| Dec 31, 2024 | $1.68m |
| Jan 31, 2025 | $1.6m |
| Feb 28, 2025 | $1.2m |
| Mar 31, 2025 | $985,628 |
| Apr 30, 2025 | $981,169 |
| May 31, 2025 | $1.28m |
| Jun 30, 2025 | $1.28m |
| Jul 31, 2025 | $1.84m |
| Aug 31, 2025 | $2.08m |
| Sep 30, 2025 | $1.96m |
| Oct 31, 2025 | $1.68m |
| Nov 30, 2025 | $1.31m |
| Dec 31, 2025 | $1.29m |
| Jan 31, 2026 | $1.18m |
| Feb 28, 2026 | $882,328 |
| Mar 31, 2026 | $909,332 |
| Apr 30, 2026 | $1m |
| May 31, 2026 | $909,981 |
| Jun 30, 2026 | $748,661 |
| Jul 31, 2026 | $855,181 |
| Aug 31, 2026 | $1.05m |
| Sep 30, 2026 | $1.14m |
| Oct 20, 2026 (latest) | $1.04m |
TVL at each year end, Dec 31, 2022 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2022 | $2.78m |
| Dec 31, 2023 | $1.52m |
| Dec 31, 2024 | $1.68m |
| Dec 31, 2025 | $1.29m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/ribbon-earn
Frequently asked questions
What is Ribbon Earn's TVL?
As of Oct 20, 2026, Ribbon Earn has $1.04m in total value locked. TVL has decreased 7.1% over the past 30 days.
What chains does Ribbon Earn operate on?
Ribbon Earn operates on Ethereum. Ethereum holds the largest share at 100%.
How does Ribbon Earn's TVL compare to similar protocols?
Among Options protocols tracked by DefiLlama, Ribbon Earn ranks #6 by TVL. The category holds $214.35m across 73 protocols, and Ribbon Earn accounts for 0.5% of that total. Other leading protocols include Derive V3 Options, Hegic, Panoptic V2, SOFA.org, Opyn Gamma, Opyn Convexity, Siren, Pods Finance, Cega V1, and FinNexus.
How much has been borrowed through Ribbon Earn?
As of Oct 20, 2026, Ribbon Earn has $0 in active loans.