Total Value Locked$1.05m
TVL by Chain
Ethereum$790,985
Linea$123,905
Arbitrum$113,712
Base$21,827
Key Metrics
Fees 30d-$328.16
Fees 30d by chain
Base$0.01
Ethereum$0.01
Linea$0.01
Arbitrum$0
Fees 7d$0
Arbitrum$0
Base$0
Ethereum$0
Linea$0
Fees 24h$0
Arbitrum$0
Base$0
Ethereum$0
Linea$0
Cumulative Fees-$1.6m
Ethereum$8m
Arbitrum$765,101
Base$237,813
Linea$711.79
Revenue 30d$0
Revenue 30d by chain
Arbitrum$0
Base$0
Ethereum$0
Linea$0
Revenue 7d$0
Arbitrum$0
Base$0
Ethereum$0
Linea$0
Revenue 24h$0
Arbitrum$0
Base$0
Ethereum$0
Linea$0
Cumulative Revenue$0
Arbitrum$0
Base$0
Ethereum$0
Linea$0
Total Raised$20m
Apr 24, 2025$20mRound: Investors: Hack VC, Anthos Capital, Manifold, Mirana Ventures, Metalayer Ventures, SCB Limited, Amber Group, Selini Capital, MEXC Ventures, Flowdesk
Protocol Information
Theo is a full-stack platform connecting onchain capital to global financial markets.
Audits:
Methodology
TVL: Total value of all coins held in the smart contracts of the protocolView code on GitHubFees: Trading PnL generated by Theo straddle vaults, PnL accrues to depositors.View code on GitHubRevenue: No revenue.View code on GitHubCompetitors
Theo Straddle Vaults history
TVL is the default DefiLlama definition. Daily values are UTC snapshots from Dec 20, 2024 to Oct 27, 2026.
All-time high TVL: $50.82m on Jan 27, 2025. All-time low TVL: $887,389 on Jul 1, 2026.
Daily TVL, Sep 28, 2026 to Oct 27, 2026
| Date | TVL |
|---|---|
| Sep 28, 2026 | $1.15m |
| Sep 29, 2026 | $1.15m |
| Sep 30, 2026 | $1.15m |
| Oct 1, 2026 | $1.15m |
| Oct 2, 2026 | $1.15m |
| Oct 3, 2026 | $1.15m |
| Oct 4, 2026 | $1.15m |
| Oct 5, 2026 | $1.16m |
| Oct 6, 2026 | $1.16m |
| Oct 7, 2026 | $1.15m |
| Oct 8, 2026 | $1.12m |
| Oct 9, 2026 | $1.1m |
| Oct 10, 2026 | $1.1m |
| Oct 11, 2026 | $1.1m |
| Oct 12, 2026 | $1.11m |
| Oct 13, 2026 | $1.08m |
| Oct 14, 2026 | $1.1m |
| Oct 15, 2026 | $1.08m |
| Oct 16, 2026 | $1.08m |
| Oct 17, 2026 | $1.08m |
| Oct 18, 2026 | $1.08m |
| Oct 19, 2026 | $1.08m |
| Oct 20, 2026 | $1.07m |
| Oct 21, 2026 | $1.09m |
| Oct 22, 2026 | $1.09m |
| Oct 23, 2026 | $1.07m |
| Oct 24, 2026 | $1.07m |
| Oct 25, 2026 | $1.06m |
| Oct 26, 2026 | $1.06m |
| Oct 27, 2026 | $1.05m |
TVL at each month end, Dec 2024 to Oct 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $27.2m |
| Jan 31, 2025 | $48.95m |
| Feb 28, 2025 | $45.24m |
| Mar 31, 2025 | $27.7m |
| Apr 30, 2025 | $25.39m |
| May 31, 2025 | $28.68m |
| Jun 30, 2025 | $27.4m |
| Jul 31, 2025 | $27.92m |
| Aug 31, 2025 | $15.4m |
| Sep 30, 2025 | $11.02m |
| Oct 31, 2025 | $9.44m |
| Nov 30, 2025 | $7.62m |
| Dec 31, 2025 | $6.43m |
| Jan 31, 2026 | $5.7m |
| Feb 28, 2026 | $5.45m |
| Mar 31, 2026 | $5.35m |
| Apr 30, 2026 | $5.37m |
| May 31, 2026 | $5.23m |
| Jun 30, 2026 | $893,506 |
| Jul 31, 2026 | $978,387 |
| Aug 31, 2026 | $1.11m |
| Sep 30, 2026 | $1.15m |
| Oct 27, 2026 (latest) | $1.05m |
Fees and revenue by UTC calendar month, Dec 2024 to Oct 2026
| Month | Fees | Revenue |
|---|---|---|
| Dec 2024 | $52,108 | $0 |
| Jan 2025 | $149,064 | $0 |
| Feb 2025 | $137,869 | $0 |
| Mar 2025 | -$2.82m | $0 |
| Apr 2025 | $85,993 | $0 |
| May 2025 | $137,836 | $0 |
| Jun 2025 | $99,276 | $0 |
| Jul 2025 | $158,333 | $0 |
| Aug 2025 | $113,611 | $0 |
| Sep 2025 | $140 | $0 |
| Oct 2025 | $62,352 | $0 |
| Nov 2025 | $12,272 | $0 |
| Dec 2025 | -$18,383 | $0 |
| Jan 2026 | -$1,954 | $0 |
| Feb 2026 | $581 | $0 |
| Mar 2026 | $5,036 | $0 |
| Apr 2026 | $5,314 | $0 |
| May 2026 | -$462.18 | $0 |
| Jun 2026 | $226,559 | $0 |
| Jul 2026 | -$0.77 | $0 |
| Aug 2026 | $161.62 | $0 |
| Sep 2026 | -$324.28 | $0 |
| Oct 2026 (to date) | -$3.17 | $0 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/theo-straddle-vaults
Frequently asked questions
What is Theo Straddle Vaults' TVL?
As of Oct 27, 2026, Theo Straddle Vaults has $1.05m in total value locked. TVL has decreased 9.2% over the past 30 days.
What chains does Theo Straddle Vaults operate on?
Theo Straddle Vaults operates on 4 chains: Ethereum, Linea, Arbitrum, and Base. Ethereum holds the largest share at 75.3%.
How much has Theo Straddle Vaults generated in fees and revenue?
Over the past 30 days, Theo Straddle Vaults generated -$328.16 in fees. Of that, $0 was protocol revenue. Based on the trailing year, the annualized rate is $228,796 in fees.
How does Theo Straddle Vaults' TVL compare to similar protocols?
Among Basis Trading protocols tracked by DefiLlama, Theo Straddle Vaults ranks #28 by TVL. The category holds $7.556b across 41 protocols, and Theo Straddle Vaults accounts for <0.1% of that total. Similar protocols include ZEROBASE CeDeFi, BitFi Basis, Solv Basis Trading, JUSD Finance, DeSyn Basis Trading, Umoja yBTC, Ethena USDe, Falcon Finance, Tori Finance, and Axis.