Glossary of Terms

Find below a glossary of the commonly used terminology used throughout Pods' material.

If we're missing any, please let us know on our Discord channel, and we'll add it to the list.

Term	Description
stETH	staked ETH in Lido
stETHvv	stETH Volatility Vault
Strike price	The agreed price in which the buyer will be able to sell or buy the underlying asset to the seller at any moment until expiration.
Put	A put option describes the right to sell the underlying asset at the strike price.
Call	A call option describes the right to buy the underlying asset at the strike price.
Premium	The premium is the option's price. It is the amount that the buyer has to pay for the seller to purchase an option.
Principal Protected	The principal invested is never at market risk.