ReimaginingStructured Products Onchain

An onchain structured product infrastructure

Built for both institutions and retail users. Our auction engine puts top market makers in competition on every option overlay and binary event position — so the best price & yield finds you.

Backed by market leaders

and industry expert angel investors

in a few numbers

Total Yield (Premiums) Paid

9,472.5live at mainnet launch

TVL

9,472.5live at mainnet launch

Assets supported

9,472.5live at mainnet launch

Active vaults

9,472.5live at mainnet launch

Institutional grade security

Audited BySherlock

Built for You.

Institutional-grade products to grow your assets or generate income.

LIVE @ Thesis Vaults

PAXG Vol Income Vault

Deposit tokenized gold and earn premium from a conservative out-of-the-money covered-call strategy. Choose Compounding mode to auto-grow your gold; or Income mode to withdraw premium every two weeks.

Underlying
PAXGTokenized gold
Strategy
Covered Call
  • Compound or cash out — grow your gold or withdraw income anytime, no lock.
  • Keep (the majority of) gold's upside — capture the rally up to the conservative strike, plus premium on top.
  • Real premium, paid upfront — from competing institutional market makers, not emissions.
CLOSED BETA @ RFQ

Earn with manual RFQ

Sell covered calls or cash-secured puts on your onchain assets incl RWAs and harvest the premium as yield. Competing quotes from whitelisted institutional makers; you pick, you sign, the contracts settle.

  • Competitive auction - Get the best premiums from top MMs in seconds.
  • Full control, on your terms - choose asset, strike, tenor and more.
  • Premiums get paid upfront as soon as the trade is confirmed.

HOW IT WORKS

Sophisticated strategies, made simple.

1

Pick your outcome

Set your terms. Sell covered calls, cash-secured puts, or deposit into a Thesis Vault built around a defined payoff. Pick your asset, strike, expiry, and premium target — or choose a vault whose outcome is shaped before you commit. Know your payout upfront.

2

Auction routes the trade

Your request is routed to the auction engine, where institutional market makers bid live to price the trade. Run an RFQ and you pick the winning quote; deposit in a Vault and the best bid wins automatically.

3

Earn, on your terms

Premium is paid upfront and settles onchain to your wallet. Vaults can roll into the next payoff, buy back on dips, or compound your position automatically. You stay in control of your underlying throughout.

HOW IT WORKS

The Underlying Engine

Building the auction engine and vault infrastructure for

defined payouts & outcome-based strategies