I've seen @hypersurfaceX on my timeline multiple times, so I decided to dive deeper into it.
Hypersurface basically allows you to earn yield on your assets through covered calls. Here's how it works ↓
1. Pick an asset you hold, let's go with
$ETH 2. Choose an expiry date (ex, next week)
3. Selected a strike price you would be comfortable selling at (ex, $3,600)
4. Enter the amount
The moment you hit confirm, $USDT instantly hits your wallet. No waiting until expiry, the premium is paid upfront. Then the
$ETH I used gets locked safely in the smart contract until expiry.
-
$ETH < below strike: Y