# Option-Based Structured Products OLTA is evaluating the development of predefined **structured products** built on top of its vanilla index options. These would offer **automated, transparent, and composable instruments** designed to serve a variety of risk-return profiles, both for institutions and advanced DeFi users. *** ### Rationale Structured products are widely used in traditional finance to: * Generate **enhanced yield** in sideways markets * Offer **capital protection** with capped upside * Customize **risk exposure** to match investor profiles In the context of tokenized index funds, these strategies could bring **ETF-style convenience** to sophisticated crypto positioning. *** ### Illustrative Strategies If implemented, OLTA’s structured offerings would initially focus on clearly understandable strategies: #### 1. Covered Call Index Notes * **Strategy**: Hold the index and sell out-of-the-money call options monthly * **Goal**: Earn premium income while retaining base exposure * **Profile**: Income-seeking, moderately bullish investors #### 2. Secured Put Notes * **Strategy**: Hold USDC and sell cash-secured put options on the index * **Goal**: Accumulate the index at discounted levels or earn yield if price stays above strike * **Profile**: Buyers waiting for entry levels; conservative strategies with yield bias #### 3. Capital Buffer Notes (Put-Spread) * **Strategy**: Buy a put at a lower strike while selling a put closer to the spot * **Goal**: Create partial downside protection at lower cost * **Profile**: Investors concerned about moderate drawdowns #### 4. Range Accrual / Knock-In Notes * **Strategy**: Earn returns if index stays within a predefined price band * **Goal**: Monetize stability in range-bound markets * **Profile**: Volatility-neutral or sideways market scenarios #### **5. Delta-Neutral Yield Notes** *(Delta-Neutral Vault)* * **Strategy**: Simultaneously sell call and put options (straddles or strangles) while delta-hedging the portfolio * **Goal**: Capture implied volatility premiums with neutral price exposure * **Profile**: Advanced users seeking yield from volatility without directional bias {% hint style="info" %} All strategies would be constructed using OLTA’s vanilla European-style options and fully collateralized on-chain. {% endhint %} *** ### Deployment & Risk Framework * Strategies would be available through OLTA’s interface and via API calls * Customization may be supported for institutional clients * Each product would include real-time **NAV tracking**, **maturity schedule**, and **historical payoff simulation** * Strict eligibility filters would apply: Only indexes with sufficient liquidity, slippage profile, and pricing data would qualify *** ### Status These structured strategies are **under active exploration**. Launch would be subject to: * Governance approval * Legal and regulatory review * Integration with existing staking and option infrastructure {% hint style="info" %} No bonds or interest-bearing components are considered at this stage, all strategies rely purely on options and underlying index tokens. {% endhint %} For institutional discussions or interest in co-developing strategies, please contact the OLTA team directly at .