BEHAVIOURAL RISK PRICING — DUAL CURRENCY

DUAL CURRENCY

A structured options product. Deposit one asset, name a settlement target, earn premium in 3 days. If the market crosses your target at settlement, your deposit converts to the paired asset at the strike; otherwise, the original asset returns plus premium in full.

EST. APR

—

at +5% strike

IMPLIED VOL

65%

ETH-USDC · annualised

TERM

3 DAYS

fixed · on-chain

SETTLES

6 JUN

08:00 UTC · Arbitrum

ASSET PAIR

AMOUNT

tWETH

WALLET: 0 tWETH · VAULT: 0

TARGET PRICE

TERM

6 JUN · 08:00 UTC

EST. APR

—%

annualized · 3-day cycle

IMPLIED VOL65.0%

TERM RATE—

EST. PREMIUM—

Loading spot price…

MECHANISM

HOW IT WORKS

Three deterministic steps from deposit to settlement. No discretion, no early exit.

Deposit tWETH into the Aquifer Vault on Arbitrum One. Pick your settlement target from the available strikes. Funds lock immediately until settlement.

HOLD TO SETTLEMENT

Your position is recorded on-chain. Premium accrues from TreasuryReserve at the contractual term rate. The Guardian Layer enforces pre-settlement risk checks.

SETTLE

If tWETH ≥ target at 08:00 UTC, your tWETH converts to tUSDT at the strike. Otherwise, tWETH returns in full. Premium credited in both cases.

ANALYTICS

PAYOFF AT SETTLEMENT

Position value at settlement for a 1 tWETH covered call. Premium is credited regardless of outcome.

STRATEGY PARAMETERS

INSTRUMENT: European Call (Covered)
UNDERLYING: tWETH / USDC
SPOT (S): —
STRIKE (K): —
IMPL. VOL (σ): 65%
TERM (T): 3d / 365 = 0.00822
MODEL: BSM, r = 0
THEO. PREMIUM: —
SETTLEMENT: Chainlink · 08:00 UTC

EXAMPLE

IF YOU SUBSCRIBE NOW

Deposit 1 tWETH · target — · premium —

SCENARIO A — TARGET REACHED

tWETH ≥ — at 08:00 UTC

—

Your 1 tWETH converts to tUSDT at the strike. Premium is added on top. tWETH exposure ends at settlement.

SCENARIO B — TARGET NOT REACHED

tWETH < — at 08:00 UTC

—

Your 1 tWETH returns unchanged. Premium is added on top. You keep tWETH exposure regardless of price drift during the 3 days.

TRACK RECORD

STRATEGY YIELD HISTORY

SIMULATED · TESTNET ONLY

MIN APR (7D)

—

AVG APR (7D)

—

MAX APR (7D)

—

Based on Aquifer testnet simulation. BSM-priced premiums against the same strike offset under the active IV table. Live data feed lands with mainnet.

PROTOCOL DETAIL

RISK DISCLOSURE

Irreversible. Settlement executes at 08:00 UTC with no early exit path.
Asset conversion. If the strike is reached, your deposit changes currency at the strike price — which may differ from market spot at settlement.
Smart contract. Funds are custodied in Vault.sol on Arbitrum One. The contracts are audited, not insured.
Oracle. Settlement price is the Chainlink mid at 08:00 UTC. Any oracle outage delays settlement.
Premium funding. Premium is paid from TreasuryReserve. The amount is guaranteed; the conversion direction is not.

PROTOCOL CONTRACTS

MANAGER: 0xa7CB…AA3b
VAULT: 0x0826…a2fD
RESERVE: 0x11df…BE72
NETWORK: Arbitrum One · 42161

All flows are public, traceable, and verifiable on Arbiscan.

FREQUENTLY ASKED