We advise you to become familiar with the mechanics of Opium $osETH Turbo Vault before depositing funds. Link to the Vault and disclaimers 👇

t.co

We advise you to become familiar with the mechanics of Opium $osETH Turbo Vault before depositing funds. Link to the Vault and disclaimers 👇

t.co

Hence, the main risk of using the $osETH Turbo Vault is capping your upside to the level of the strike price until option expiry (every Friday). You take this risk in return for earning ETH from option premia during the period when ETH stays below the strike price.

As long as ETH stays below $2,900 (or another strike price) on the expiry date (every Friday, 8am UTC), you will earn option premia in ETH 📈 If ETH is trading above the strike price at expiry, your $osETH collateral is sold at that price, and you stop earning option premia 🗿

Hence, the main risk of using the $osETH Turbo Vault is capping your upside to the level of the strike price until option expiry (every Friday). You take this risk in return for earning ETH from option premia during the period when ETH stays below the strike price.

As long as ETH stays below $2,900 (or another strike price) on the expiry date (every Friday, 8am UTC), you will earn option premia in ETH 📈 If ETH is trading above the strike price at expiry, your $osETH collateral is sold at that price, and you stop earning option premia 🗿

Depositing $osETH into @Opium_Network ’s Turbo Vaults (not to be confused with StakeWise Vaults) allows you to pursue this strategy, achieved by selling covered ETH call options with weekly expiry 💸

Depositing $osETH into @Opium_Network ’s Turbo Vaults (not to be confused with StakeWise Vaults) allows you to pursue this strategy, achieved by selling covered ETH call options with weekly expiry 💸

Selling ETH call options means giving buyers the right to buy ETH from you at a specified date and price, known as the strike price 🏷️ Turbo Vault sells options with a strike price 25% higher than the ETH price, refreshed every week. For example, this week the strike is $2,900.

Selling ETH call options means giving buyers the right to buy ETH from you at a specified date and price, known as the strike price 🏷️ Turbo Vault sells options with a strike price 25% higher than the ETH price, refreshed every week. For example, this week the strike is $2,900.

Another 🔥 DeFi opportunity just dropped for $osETH holders 🪂 Park your $osETH in the @Opium_Network Turbo Vault to earn staking rewards and option premia from the sale of covered $ETH calls. If you’re hunting for pure ETH-based yield then look no further 👀 Details inside 👇