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Charm Finance
Charm Finance operates a permissionless liquidity-management protocol for decentralized exchanges. Its Alpha Vaults product lets users provide, manage, and create self-custodial LP vaults, while Charm Simulator backtests market-making strategies.
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Charm Finance V2
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Description
Charm Finance is an experimental protocol that allows users to create and manage liquidity vaults. The platform is self-custodial, meaning users are responsible for their own deposits and activities. It is important to understand the risks involved, as users can lose up to 100% of their funds with no recourse to compensation.Category: Liquidity manager
TVL: $2.1M
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Charm Options
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Description
Charm Options is an automated market-maker (AMM) that enables the creation of liquid options markets on the blockchain. It works by splitting an underlying asset into different options and creating a prediction market for them so they can be priced and traded, without relying on Black-Scholes or approximation formulas, allowing price discovery to occur naturally and options to be cheaper. All option markets for a given underlying and expiry are combined into a single pool, meaning trading activity in one market benefits all other markets, supporting bigger trades and greater liquidity, and allowing more options markets to be provided for a given amount of liquidity. It served traders looking to trade options as well as liquidity providers looking to earn yield by supplying capital to these combined options pools. Charm Options is listed as a 'previous product' of Charm Finance, which now focuses on other products such as Alpha Vaults.Category: Derivatives
Charm LST
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Description
Charm LST is a product from Charm, launched after Polygon Labs selected Charm as the market maker for sPOL, the official liquid staking token for POL. The product's flagship offering is the wPOL/sPOL vault, an LST liquidity vault that automatically manages concentrated liquidity positions in the wPOL/sPOL 0.01% pool on Uniswap (Polygon), capturing trading fees for depositors. Users deposit into the vault in one click, and the vault maintains tight price ranges, automated rebalancing, and low risk by only holding tightly correlated pairs, charging a 2.5% performance fee on captured fees with no AUM fee. The vault's strategy was backtested using three years of swap data from the wstETH/WETH 0.01% pool on Ethereum Mainnet (chosen for similarity to the sPOL/wPOL pool), estimating net APRs between roughly 13% (worst case) and 28% (best case). Charm LST uses Charm's liquidity-management smart contracts, which have operated for nearly five years without security incidents, managed over $300M in TVL since their May 2021 launch, and undergone four audits. The product serves DeFi users and liquidity providers on Polygon seeking real yield from LST trading activity.Category: Yield Aggregator
Charm FX
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Description
Charm FX, launched by Charm on March 9, 2026, comprises three savings vaults for USDC, XSGD, and JPYC deployed on Polygon. Users deposit any token in one click, and the vault deploys funds into FX liquidity pools to capture fees from foreign exchange and cross-border payment transaction flow. The vaults use tight trading ranges to concentrate fee capture, hold only stablecoins to reduce risk, and automatically rebalance positions to stay optimized around the current market price. The three Charm FX vaults have been live on Polygon since late October 2025, with unincentivized Net APRs reported up to 35.5% over 4+ months (pure fee income after fees and impermanent loss, no token rewards), following 2+ years of backtested simulation prior to launch. The product runs on Charm's liquidity management contracts, which have operated for nearly five years without a security incident, managed over $300M in TVL since launching in May 2021, and have undergone 4 audits.Category: Yield Aggregator
Cube Tokens
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Description
Cube tokens are decentralized leveraged tokens designed to give users simple leveraged exposure to a variety of crypto assets without the risk of liquidation. Tokens like cubeBTC roughly track BTC price to the third power, while inverse tokens like invBTC track the inverse relationship, with continuous rebalancing rather than the periodic rebalancing used by centralized-exchange leveraged tokens (e.g., FTX or Binance). Because the system operates as a pool, it is a zero-sum game among holders (apart from protocol fees), avoiding issues like volatility drag or rebalance frontrunning that affect other leveraged token designs. The product supported ETH, BTC, AAVE, LINK, UNI and YFI, with a dedicated frontend at cubes.fi, and was noted as unaudited, with performance relative to the rest of the pool rather than the underlying asset alone. Cube Tokens is documented as a previous/discontinued product of Charm Finance, which has since focused on newer offerings such as Alpha Vaults.Category: Derivatives