Total Value Locked$47.91m
TVL by Chain
Hyperliquid L1$35.72m
Ethereum$12.18m
Key Metrics
Options Premium Volume 30d$1.01m
Options Premium Volume 7d$154,292
Options Premium Volume 24h$19,309
Cumulative Options Premium Volume$21.18m
Options Notional Volume 30d$113.95m
Options Notional Volume 7d$17.77m
Options Notional Volume 24h$3.31m
Cumulative Options Notional Volume$1.534b
Protocol Information
Rysk V12 introduces a new way to earn high, sustainable yield on ETH, BTC, and any volatile asset in DeFi. DeFi’s biggest gap has been obvious: scalable, efficient returns on its core assets. These assets are held by everyone, yet their yields remain low and unsustainable. Rysk fixes this by reimagining covered calls, a proven strategy from traditional finance, and making it work for DeFi.
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubOptions Premium Volume: Sum of value paid buying and selling options on the exchangeView code on GitHubOptions Notional Volume: Sum of the notional value of all options that have been traded on the exchangeView code on GitHubCompetitors
Rysk V12 history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Jul 11, 2025 to Oct 27, 2026.
All-time high TVL: $70.52m on Mar 27, 2026. All-time low TVL: $2.19m on Jul 26, 2025.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $42.12m |
| Sep 29, 2026 | $48.53m |
| Sep 30, 2026 | $49.77m |
| Oct 1, 2026 | $51.53m |
| Oct 2, 2026 | $51.94m |
| Oct 3, 2026 | $37.64m |
| Oct 4, 2026 | $40.53m |
| Oct 5, 2026 | $43.13m |
| Oct 6, 2026 | $47.07m |
| Oct 7, 2026 | $48.5m |
| Oct 8, 2026 | $50.07m |
| Oct 9, 2026 | $50.23m |
| Oct 10, 2026 | $33.85m |
| Oct 11, 2026 | $38.03m |
| Oct 12, 2026 | $42.55m |
| Oct 13, 2026 | $44.59m |
| Oct 14, 2026 | $47.19m |
| Oct 15, 2026 | $48.03m |
| Oct 16, 2026 | $50.6m |
| Oct 17, 2026 | $37.05m |
| Oct 18, 2026 | $41.23m |
| Oct 19, 2026 | $45.06m |
| Oct 20, 2026 | $47.69m |
| Oct 21, 2026 | $50.33m |
| Oct 22, 2026 | $51.94m |
| Oct 23, 2026 | $51.65m |
| Oct 24, 2026 | $37.69m |
| Oct 25, 2026 | $40.07m |
| Oct 26, 2026 | $40.92m |
| Oct 27, 2026 | $44.99m |
TVL at each month end, Jul 2025 to Oct 2026
| Date | TVL |
|---|---|
| Jul 31, 2025 | $3.58m |
| Aug 31, 2025 | $3.06m |
| Sep 30, 2025 | $11.53m |
| Oct 31, 2025 | $33.86m |
| Nov 30, 2025 | $15.64m |
| Dec 31, 2025 | $22.82m |
| Jan 31, 2026 | $20.9m |
| Feb 28, 2026 | $24.27m |
| Mar 31, 2026 | $54.87m |
| Apr 30, 2026 | $59.01m |
| May 31, 2026 | $38.61m |
| Jun 30, 2026 | $41.07m |
| Jul 31, 2026 | $52.51m |
| Aug 31, 2026 | $50.05m |
| Sep 30, 2026 | $49.77m |
| Oct 27, 2026 (latest) | $44.99m |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/rysk-v12
Frequently asked questions
What is Rysk V12's TVL?
As of Oct 27, 2026, Rysk V12 has $47.91m in total value locked. TVL has increased 26.8% over the past 30 days.
What chains does Rysk V12 operate on?
Rysk V12 operates on 2 chains: Hyperliquid L1 and Ethereum. Hyperliquid L1 holds the largest share at 74.6%.
How does Rysk V12's TVL compare to similar protocols?
Among Options Vault protocols tracked by DefiLlama, Rysk V12 ranks #1 by TVL. The category holds $54.55m across 19 protocols, and Rysk V12 accounts for 87.8% of that total. Similar protocols include Ribbon, 3Jane Options, Olive, Grappa Finance, Katana, Typus DOV, Spin DOV, Bonsai Strike, HedgeHood Stock Yield, and AlgoRai Finance.