Each vault writes one weekly covered call against real tokenized AAPL or TSLA and sells it for a premium. Fully collateralized, no leverage — the vault never owes more than it holds, and never hands over your shares. It settles in cash against a real Chainlink-style oracle.
No options jargon required — here's the whole mechanic, one vault, one week at a time.
Deposit real AAPL or TSLA. You get vault shares back 1:1 in value — this is a standard ERC-4626 vault, composable with anything that speaks the standard.
The vault picks a strike above today's price and a premium, sized off realized volatility, then sells that one call to a single buyer.
The buyer pays upfront. That premium is real yield on top of whatever the stock itself does — collected the moment someone buys the call.
If the stock finished above strike, the vault sells just enough of your position to pay the buyer in USDG — you keep the rest. Below strike, you keep 100%.
Security-audited 2026-07-30 — two real issues were found and fixed before this went live. Full findings available on request.
