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Cleave

Total Value Locked$100.68

TVL by Chain

Ethereum$100.68

Protocol Information

Cleave is an options protocol that splits one asset into a capped covered-call side for yield and an upside call side for leverage, with no margin calls or liquidations.

Category:Options

Methodology

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

Competitors

Derive V3 Options ($111.67m)Hegic ($9.53m)Opyn Gamma ($1.08m)Ribbon Earn ($1.07m)SOFA.org ($1.05m)Opyn Convexity ($583,928)Siren ($470,758)Pods Finance ($389,346)Cega V1 ($308,166)FinNexus ($232,061)

Frequently Asked Questions

What is Cleave's TVL?

Cleave currently has $100.68 in total value locked. TVL has increased 1.7% over the past 30 days.

What chains does Cleave operate on?

Cleave operates on Ethereum. Ethereum holds the largest share at 100%.

How does Cleave's TVL compare to similar protocols?

Among Options protocols tracked by DefiLlama, Cleave ranks #54 by TVL. The category holds $139.25m across 72 protocols, and Cleave accounts for <0.1% of that total. Other leading protocols include Derive V3 Options, Hegic, Opyn Gamma, Ribbon Earn, SOFA.org, Opyn Convexity, Siren, Pods Finance, Cega V1, and FinNexus.