until Friday 08:00 UTC · Oct 2
Every trade pays a 3% fee in SOL. Each week the vault buys a 7-day SOL call on Derive that expires Friday 08:00 UTC. If it pays more than it cost, 100% of the net profit is airdropped in SOL to holders.
Next call loading.
Vault budget for the next call
0.00SOL
≈ $0.00
Next call
Starts at launch
Fees collected
Vault balance
Paid to holders
Holders
Paid weeks
Weekly cycle
Collecting fees
3% of every trade, in SOL, split on-chain
Starts at launch
Buying the call
Budget bridged to Derive, 7-day SOL call bought
Call live
~0.20–0.25Δ, strike ~8–12% above spot
Friday settlement
Expires Friday 08:00 UTC, settles in USDC, back to Solana
Holder payout
100% of net profit to holders, in SOL
Where fees go
Every 1 SOL of trading fees
Settlements
No settled calls yet.
The first one prints after the first Friday expiry.
P&L per week
On-chain activity
Activity appears here once trading starts.
How it works
Every buy and sell on Meteora pays a 3% fee. After Meteora’s ~20% protocol cut, it is split on-chain: 58% to the options vault, 42% to the creator.
Each week the vault budget is bridged to Derive to buy a 7-day SOL call, ~0.20–0.25 delta, strike ~8–12% above spot. Max loss is the premium.
At expiry the option settles in USDC and is bridged back to Solana. Recovered premium stays in the vault to fund next week’s call.
The call expires Friday 08:00 UTC. All net profit (payout minus premium) is airdropped in SOL to holders, pro-rata to their eligible balance. Payday.
Balances are snapshotted at random times during the week. Your airdrop weight is the minimum you held across all of them, so buying before a snapshot and selling after earns nothing extra. Hold through to Friday for the full share.
Liquidity pools, the options vault and the dev wallet are excluded from airdrops.
