⌘K

Lemma

Total Value Locked

Chain Breakdown
Optimism	$318,146

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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

Audits

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Methodology

TVL code

Competitors

ApeX Pro ($88.05m)Aevo ($70.39m)Orderly Network ($39.91m)MUX Protocol ($26.43m)Contango V2 ($22.38m)Jupiter Perpetual Exchange ($442.06m)Hyperliquid Perp ($391.03m)GMX V2 ($388.24m)Drift ($369.55m)dYdX V3 ($309.94m)