🦄 Bearish, Moderately Bullish
Through the use of a weekly automated call selling strategy, the vault generates a return on it's deposits. In this strategy, sUSD is collateralised for sETH call selling. In order to effectively compound the returns for depositors over time, the vault reinvests the yield gained back into the strategy.
Vault Receives Deposits
The vault receives sUSD from depositors and processes them. Depositors receive vault token in return.
Vault Sell Options
The vault uses the funds deposited and sells the optimal strike price for the ETH call options.
Vault Makes Profit
Call Selling Vaults make money if the price of ETH at expiry is less than Strike Price
Vault Loses Money
Call selling Vaults lose money if the price of ETH at expiry is above the Strike Price.
Near Instant Withdraws
Depositors can withdraw their money and vault processes withdraws ~4 hours. If no active positions they are instant & no withdrawal fees.