APIR 17: Stake DAO ETH Covered Call integration

Project presentation:
Protocol: Stake DAO
IBT requested (Name and ticker of the asset): ETH Covered Call - sdETHCoveredCall
IBT contract address : 0x9b8f14554f40705DE7908879E2228D2ac94fdE1A
Current TVL on the requested IBT: 9,900 ETH
Current TVL of the protocol: $580M+
Twitter/Discord links: Twitter / Discord
Audit(s) link(s) : No audit but battle-tested.
Supported chain(s) : Ethereum

Simple summary:
This proposal aims to integrate Stake DAO’s ETH covered call option strategy protocol to the next winelisting event. This strategy is live since August 2021. This proposal could be expanded to the 2 other SD option strategies available (ETH Put selling and BTC Covered call) if there is enough interest.

Rationale:
APWine could put a foot on the options derivatives space that has seen increasing interest in the last year and probably be the first to offer a way to trade future options strategies yield.

Benefit of this integration for Stake DAO

  • Users could hedge their position without exiting the strategy (this is possible on a limited timeframe on Fridays).
  • Users could leverage their options strategy yield.
  • This could also inspire Stake DAO to build new strategies on this future yield.
  • Increase the visibility of the project with cross marketing
  • Increase the TVL of the strategy.

Benefit of this integration for Apwine DAO

  • Increase the tokenized TVL and the AMM TVL
  • Diversify the yield possibilities for APWine community (for example bet on future ETH volatility)
  • Increase the visibility of the project with cross marketing (we would probably be the first actors on Defi to offer trading future options yield)
2 Likes

Hey @dwidoo thanks for this proposal ! :fire:
I was actually on it too but it seems that it’s technically not possible to support it at the moment, will double check and get back to you !

1 Like

Hey @Dydymoon
Sorry about that, I guess Logykal didn’t know you were on it : he asked for a volunteer on TG :laughing:

1 Like