🙋🏽‍♂️No-dumb-questions page.

What are options?

An option is an agreement between two parties: a seller and a buyer. The seller writes the contract terms and sells them to the buyer for a premium. That means the seller now has an obligation, and the buyer has a right (but not an obligation) to exercise the contract terms upon expiration.

What types of options are there?

There are two basic types of options: puts and calls. A put represents the right to sell the underlying asset at the strike price. On the other hand, a call conveys the right to buy an asset at the strike price.

What is a strangle?

A strangle is an options strategy in which the investor holds a position in both a call and a put option with different strike prices but with the same expiration date and underlying asset. A strangle is a good strategy if you think the underlying security will experience a large price movement in the near future but are unsure of the direction. However, it is profitable mainly if the asset prices swing sharply.

What is the strike price?

The strike price is commonly used to designate the price at which the underlying asset will be sold or bought.

What is Lido?

Lido is a decentralized staking protocol that allows users to stake their ETH and receive ETH 2 rewards.

What is Aave?

Aave is a lending protocol that allows users to lend and borrow assets.

What is stETH?

stETH is the token that represents the staked ETH in Lido.

What is aUSDC?

aUSDC is the interested bearing token that represents the supplied USDC into Aave.

What is the potential PnL ?

For stETHvv:

PayoffstETHvv=(PrincipalInvested+0.8∗ProfitfromExercise+...Payoff stETHvv= (Principal Invested+0.8*Profit fromExercise + ...
...+0.5∗LidoYield)∗0.999...+0.5*LidoYield) * 0.999

For ETHphoria:

PayoffETHphoria=PrincipalInvested+0.9∗ProfitfromExercisePayoff ETHphoria = PrincipalInvested + 0.9* ProfitfromExercise

For FUD:

PayoffFUD=PrincipalInvested+0.9∗ProfitfromExercisePayoffFUD = PrincipalInvested + 0.9*ProfitfromExercise

What are the tokens stETHvv, ETHphoria, and FUD I receive in the wallet once deposit into respective vaults?

The tokens represent your shares of the total vault.

Does the stETHvv, ETHphoria, and FUD token have a price?

Yes. right now the easiest way to calculate its price is by doing the math: TVL / Total Supply

NOTE: We will add a reading function directly in the contract to make that step easier.

Are Pods Yield strategies tokens an ERC-20?


What are the fees?

For stETHvv, the fee structure is composed of a 0.1% management fee at withdrawal and a 20% performance fee on exercised options.

For ETHphoria and FUD, the fee structure is composed of a 10% management fee on the weekly yield and a 10% performance fee on exercised options.

Do Pods Yield vaults follow the ERC 4626 standard?


Is there a withdrawal window?

No. You can withdraw anytime. Although it depends on whether or not your deposits have been processed. You can check if the deposit was processed by clicking on the "show breakdown" inside the vault page.

  • If your deposit has not been processed yet and you wish to withdraw, you can do it by using Etherscan directly using the refund function on each vault address.

  • If your deposit has been processed, you can withdraw at any time from the app's front-end.

Tutorial video: https://youtu.be/FjCf59ldwxc

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