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Seen @hypersurfaceX on my TL a few times so I finally checked it.
It lets you earn yield via covered calls on your bags:
Pick $ETH -> choose expiry -> set a strike you’re happy selling at -> enter size.
Hit confirm and the premium in $USDT lands instantly. Your $ETH stays locked till expiry.
$ETH < strike: keep $ETH + premium
$ETH > strike: sell at your strike + keep premium
No leverage. No liquidations.
Just selling upside for cashflow.