SS-Vault is a single-side staking vault that enables the vault issuers to customize on-chain covered call strategies for on-chain long-tail assets.
Every SS-Vault is issued by a particular protocol and runs a tailored covered call strategy that helps to maximize capital efficiency.
Vault calculation
Each SS-vault has two APYs, depending on the real-time token price, an SS-Vault can either be unexercised or exercised. For unexercised vaults, users earn a token-based rate of return. For exercised vaults, users earn a dollar-based rate of return which will be higher than the initial deposit value.
With SS-Vault, users have the autonomy to form a strategy according to their needs, a particular strike price and APY for a specific token.
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