One ETH, cut in two at the strike.

Every deposit splits a single ETH at the $833 line into a stable lower half and a leveraged upper half. Pick the half you want — they always sum back to the whole, so the market is fully backed. No liquidations, no price oracle.

Stable half · ≤ $833$833

Leveraged half · > $833$834

strike $833

ETH spot (ref)

~$1,667

Strike

$833

Long leverage

~2.0×

Choose your side

Earn yield stable

Deposit and earn a premium paid upfront in USDC. You hold the stable half — worth a fixed $833 at expiry, as long as ETH stays above $833. Only exposed if ETH falls more than ~50%.

earns premium →

Long ETH ~2× leveraged

Pay a small premium today to control ETH's upside above $833. You only put up the premium, so you get roughly 2× exposure to ETH's moves — with zero liquidation risk.

pays premium →

Earn yield

Lend into the market

Lend now at the market rate, or name the minimum rate you'll accept.

Amount (ETH) Auto-renew at expiry

Premium you earn—

You hold—

If ETH ≥ $833 at expiry, you redeem the full $833 per ETH and keep the premium.

ETH at expiry

$1,667

YIELD HALF (STABLE) LONG-ETH HALF

Yield half$833

Long-ETH half$834

Live rates

LENDERS OFFERING (WANT ≥ RATE) LEVERAGE BUYERS (PAY ≤ RATE) MARKET RATE —

0%ANNUAL YIELD RATE →50%

Your positions

#	Type	Rate	Amount	Filled	Premium
Connect a wallet to see your positions.

TESTNET (SEPOLIA) · UNAUDITED · NOT REAL MONEY · STRIKE $833 ≈ HALF OF ETH SPOT, WHICH IS WHAT MAKES THE LONG SIDE ~2×.
MARKET