- They developed a DeFi Option Vault (DOV) product
- The strategy is available in two assets – NEAR tokens and stablecoins
DeFi project Spin Strategies is deploying its protocol on the Near mainnet.
The startup offers a product called DeFi Options Vaults (DOV, DeFi Options Vaults). It automates option investing, allowing participants to place their assets in a vault and earn income at the same time.
DOV automatically expands staked assets into specific option strategies. This process is completely controlled by smart contracts.
With one click, customers can:
- Invest in the sale of call and put options through the vault (option sellers) and earn option premiums;
- Buy call and put options through an auction (option buyers) and earn on the volatility of the asset.
Now the project offers 2 automatic strategies:
- Covered Call. Clients deposit NEAR tokens to farm Premium Options and earn on NEAR appreciation.
- Cash-secured. Deposit in USDC for Premium Options farming.
They have different degrees of risk and profitability. For convenience, the project has prepared a comparative table. The Covered Call strategy is the least aggressive, while the Cash-secured Put strategy is the most conservative.
Options expire once a week (they are called Epochs). An epoch starts at 9am every Friday when the previous epoch ends.
