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# Galar

## Introduction

Galar is a DeFi protocol that help users access crypto structured products. By selling options on-chain, Galar aims to be the one-stop solution for users who want to improve a portfolio's risk-return

## Galar Vaults

Galar Vaults, also known Galar One and Galar Two, were invented by Galar in 2025. At its core, a Galar vault is a yield-oriented strategy that proposes that depositors trade volatility on their underlying by selling [European options](https://www.investopedia.com/terms/e/europeanoption.asp#:~:text=What%20Is%20a%20European%20Option,of%20or%20sell%20the%20shares) with weekly, bi-weekly or monthly expiration. The sale value of these options, or "premium," is set through auctions and determines the vault return. The vault reinvests the premiums earned back into the strategy, effectively compounding them for depositors over time.

There are two types currently active:

* **Galar One**: [Covered call selling](https://www.investopedia.com/terms/c/coveredcall.asp) - each week the vault issues ATM (at the money) call options on all deposits.
* **Galar Two**: [Put selling](< https://www.investopedia.com/terms/p/putoption.asp>) - each week the vault issues OTM (out of the money) put options on all deposits.

For more information you can check this [section](/galar-docs/galar/galar-vault.md).


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