Risky Earn Contract
Products
Earn
Payout Formula
Target Price
If reference price at expiry > target price
Receive target price in USDC + USDC premium
If reference price at expiry < target price
Receive USDC risk amount in WETH equivalents + USDC premium
Order entry: risk in USDC or risk in WETH
Target price
Desired APY = premium / risk 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
Risk Amount = Target Price
Collateral Management
Fully collateralized, pre-funded
Multiplier
1
Target Price
Fixed standardized published levels
Reference Price
ITHACA Reference Fixing
Expiry Time
1st focal auction on relevant expiry Friday
Last updated