Risky Earn

Risky Earn Overview

Define an asset price target. Earn risky yield on your capital at risk.

Placing Risky Earn Orders

• In the Stories tab, select Risky Earn | Riskless Earn

• Enter your order parameters

  • Type: Select "Risky Earn"

  • Risk/Capital at Risk: The amount at risk. User can choose WETH or USDC

  • Target Price: Select a target price under which your capital is at risk

  • Target Earn: The limit order equivalent that will define what will the user earn at expiry depending on Eth price at expiry

• Verity Order Summary

  • Order limit: Order price

  • Collateral requirement: The amount required to be locked so as to ensure that the order enters the auction.

  • Platform fee: Fee to be paid in case of execution.

  • Total premium: The total to be paid net of fees.

• "Submit to Auction" and approve your transaction in your wallet

Risky Earn Contract

Item	Description
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