Vaults

Vault Classification

[Protocol]-[Collateral Asset]-[Option Type]

Protocol: The protocol that the collateral asset belongs to. Collateral Asset: The collateral asset of the vault backing the sold options contracts. Option Type: C (call) or P (put).

Live Vaults

• Etherfi WEETH-C: EtherFi express wrapped-eETH collateralized covered call vault.

Parameters

Note: vaults are constantly evolving and may be improved. As a result, the protocol may make changes to the overall option structure, including option barriers, barrier observations, premium observations, cycle maturity, and auction structure.

	Etherfi WEETH-X-C
Option Type	Call
Underlying Asset	ETH
Collateral Asset	eETH
Option Delta	5 delta
% Chance In-The-Money	~5%
Cycle	1 week
Express	true
Express Knock-Out Barrier	95%*
Premium Type	Fixed*
Express Knock-Out Observation	Daily*
Premium Observation	Daily*
Premiums paid in	eETH
Option Style	European
Settlement Type	Cash Settled
Performance Fee	10%
Management Fee	1%