General

What are structured products?

Structured products are packaged financial instruments that use a combination of derivatives to achieve some specific risk-return objective, such as betting on volatility, enhancing yields or principal protection.

What is the risk of the covered-call vault?

The primary risk for running a covered-call strategy is that depositors could potentially give up upside in exchange for guaranteed yield. By selling a call option users are essentially promising to sell the asset at the strike price even if the price rises. This may result in a negative yield on the underlying asset. However, in that case depositors will still be up in USD terms, as the underlying asset would have appreciated significantly in a short period of time.

What is the risk of the put-selling vault?

The primary risk for running a put-selling strategy is that the vault may incur a weekly loss in the case where the put options sold by the vault expire in-the-money (meaning the price of the underlying asset is below the strike price of the put options minted by the vault).

Does Galar have a token?

No

Where's the Treasury?

TBC. The Treasury is managed by the Team