This week, the team at Pods, a provider of structured products for crypto assets, unveiled their latest offering – the Vault of ETHphoria. This innovative yield strategy is designed explicitly for ETH enthusiasts who are optimistic about its future prospects and want to earn even more from rising prices.
ETHphoria is a low-risk, capital-protected strategy designed for those bullish on the Ether (ETH) market. By integrating Lido with call options, ETHphoria enables users to earn higher rewards as the market grows.
The strategy uses 100% of Lido’s weekly staking rewards to purchase call options with a one-week expiration. If the price of ETH or stETH rises above the strike price of these call options within a week, the call options are exercised, resulting in profits for depositors.
Pods has a hybrid on-chain/off-chain approach, where the principal remains on-chain, and the yield may have the option to build the derived part off-chain.
With this approach, Pods has the best of both worlds: on-chain security for principal and off-chain liquidity for yield, which translates into better returns for the end user.
“At Pods, we recognize the importance of consolidating a single strategy into a single token, not only to improve DeFi composability, but also for user convenience. Our users can easily transfer deposits between addresses, use them as collateral on other protocols, and easily verify their holdings in a specific strategy. I firmly believe in the power of the simplicity of this approach.
– Rafaella Baraldo, CEO and Ci-Founder of Pods
Additionally, the vault provides access to complex one-click strategies, withdrawal at any time after the deposit has been processed, and viewing of actual historical returns, among other features. The ETHphoria vault is live on the mainnet: https://app.pods.finance.
ETHphoria relies on Lido, a leading decentralized staking protocol for ETH, to generate high returns. With a TVL of over $11.8 billion, Lido is a trusted choice for the DeFi community.
As ETHphoria evolves, the pods will continuously improve the functionality of the vault, you can check all the details in the Pods blog post by Raphaelle. Pods blog readers can check out the backtest of this strategy and how it would have worked had it been available when ETH started in 2015 until today.
The vault has undergone four audits by auditing firms, including Open Zeppelin, ABDK, Number3, and Number4. Audit reports are available here.
Additionally, the Pods Yield product was reviewed with DeFi Safety where it received a score of 97%. You can find the detailed report at Pods Finance – detailed report | DeFiSafety.
