Fontis Finance
Fontis
COVERED CALLSETH

ETH COVERED CALLS

Projected APY: 46.42%

VAULT PERFORMANCE

0.8882%

Current Week Yield

5.8723%

Cumulative Yield

Yield includes premium received and fees accumulated

Your position: 0.0000 WETH

VAULT INFO

Strategy: ETH Covered Calls

Asset: ETH

VAULT STATUS

Current Status: Open for Deposit

Current Option:

HOW IT WORKS

1. Deposit ETH in the vault;

2. Every week the vault is minting Out Of The Money (OTM) Opyn European Call Options;

3. The vault will receive a premium from Market Makers by selling the minted Call Options at market price;

4. If At Expiry the call option is still OTM, it will not be exercised and the premium/income will be reinvested in the vault, increasing the yield.

WITHDRAW DETAILS

Withdraw fee is 0%, incentivizing depositors to have a long-term position in the vault. Fees are reinvested in the vault increasing yield for depositors.

After an option is committed for the strategy, there is an 18 hour commitment period. During this period all the deposited funds can be withdrawn by paying the withdraw fee.

After the commitment period only the 0% of total deposited funds in the vault are available to be withdrawn.

In case the withdraw reserve will be fully utilized, depositors have to wait until the new commitment period for withdraw.

RISKS

FINANCIAL RISK: If At Expiry the call option expired ITM (In The Money) the option will be exercised generating a weekly loss.

TECHNICAL RISK: Fontis is built on top of Opyn Gamma Protocol. Opyn smart contracts are audited. Fontis finance core smart contracts had a peer review but not a formal audit yet.

Please use at your own risk. Deposit only funds you can afford to lose.