dVOL
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Protocol TVL
About dVOL
Decentralized derivatives research lab offering innovative vaults with a focus on generating sustainable, transparent yield for on-chain assets.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
dVOL Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Dec 8, 2023Listed on DeFiLlama
Protocol Profile
dVOL is a Options Vault protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed across 2 chains, including Arbitrum, Binance.
TVL Distribution by Chain
TVL spans 5 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
dVOL operates on 2 networks (Arbitrum, Binance), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (borrowed, Arbitrum-borrowed, Binance-borrowed), so a fault on any one of them would affect a large slice of users.
Official Resources & Links
Verified external resources for dVOL — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Options Vault protocols on Mantapex
dVOL is one of 7 Options Vault protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Ribbon, Typus DOV, Katana, and 3 more. These peer protocols collectively secure $12.1M in deposits, giving you a frame of reference for whether dVOL's own TVL is at the top, middle, or tail of the category.
Recent dVOL news
Latest reporting from major crypto news outlets covering dVOL.
- Tokenpost
Bitcoin Volatility Surges as DVOL Jumps During Market Sell-Off, Signaling Rising Trader Caution
Bitcoin volatility spiked sharply during Thursdays aggressive market sell-off as traders rushed to hedge downside risk, pushing options prices higher and signaling growing…
- Coindesk
Bitcoin may have already bottomed out near $60,000. Here's why.
Implied volatility indicators DVOL and BVIV suggest peak fear has passed, with crypto leading traditional markets in pricing risk.
- Decrypt
Bitcoin Options Worth $12 Billion Expire Tomorrow—Here's What It Means
Deribit's own DVOL index is signaling low implied volatility and limited expectations for sharp price action," the CEO said.
- CryptoGlobe
Deribit's Bitcoin Volatility Index Surges to 16-Month High: What It Means for BTC Investors
Deribit's Bitcoin Volatility Index (DVOL), a measure of the 30-day implied volatility of Bitcoin options, has surged to a 16-month high, according to an article by Omkar Godbole…
- Crypto Daily
Bitcoin's Failed Breakout: Why the $83K Rejection Still Shapes June Risk
Nine-day U.S. spot BTC ETF outflows and a dense $74k–$83k supply band keep $83k a key ceiling into June. Options skew and low DVOL signal range risk ahead.
- Crypto Economy
$8.8B in BTC and ETH Options Set to Expire Friday With Max Pain at $75K and $2.2K
TL;DR: Friday's BTC options expiry on Deribit totals $7.8 billion, with max pain set at $75,000 and a put-call ratio of 0.76. Bitcoin's implied volatility index DVOL stands at 53,…
- Cryptonews
U.S. CPI Prints 0.3% in Dec; BTC Holds $92K as Rate-Hold Odds Firm
U.S. CPI has risen 0.3% m/m in December to 2.7% y/y as shelter rose 0.4%. Core has held at 0.2% m/m and 2.6% y/y, fitting a January rate-hold view into the Jan. 29, 2026 FOMC.…
Related protocols
Other DeFi protocols connected to dVOL by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Options Vault protocols
Top protocols on Arbitrum
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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