Riskless Earn Contract

Item	Description
Products	Earn
Payout Formula	Capital x ( 1 + Target yield ) Order entry: desired APY Desired APY = premium / capital in USDC equivalent
Underlying	WETH/USDC
Settlement Style	Cash or ETH
Exercise Style	European, auto-exercised
Premium Currency	USDC
Settlement Currency	USDC or WETH
Strike Currency	USDC
Collateral Currency	USDC or WETH
Collateral Amount
Collateral Management	Fully collateralized, pre-funded
Multiplier	1
Strike Price	Fixed standardized published levels
Expiry Time	1st focal auction on relevant expiry Friday
Expiry Dates	( Ithaca Expiry )