⌘K

Lemma

Total Value Locked

Chain Breakdown
Optimism	$484,058

TVLUSD InflowsTweets

USD ETH

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

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Methodology

TVL code

Competitors

Derive V2 ($68.83m)Contango V2 ($65.21m)ApeX Pro ($55.81m)Aevo Perps ($50.26m)MUX Perps ($21.5m)Jupiter Perpetual Exchange ($1.489b)Hyperliquid Perp ($1.348b)Drift Trade ($786.35m)GMX V2 Perps ($540.07m)dYdX V4 ($351.89m)