ETH Strategy

ETH Strategy is an on-chain DAT (Digital Asset Treasury) with the goal of accumulating ETH. In order to accumulate ETH, it offers convertible debt. We’ve taken this debt and productised it into ESPN, using the long-dated covered calls from ETH Strategy to fully hedge short short-dated options on Derive. This earns a stream of revenue through option premiums. Deal Summary Deposit USDS on Ethereum Mainnet and earn 27.5% total yield. Real yield target is ~15%, the protocol tops up the difference using EGY governance tokens to bring the total to 27.5%. 📈 Key Terms Asset: USDS Base Yield Target: 15% Total Target Return: 27.5% Top-Up Method: EGY tokens supply the yield difference up to 15% Total Capacity: $10,000,000