Volatility was always
worth something.
Now you can collect it.
Every asset you hold moves. Until now that movement only paid the people selling options against it. Greek turns it into premium you collect yourself — fully collateralized, no liquidations, settled on Hemi.
Premium accrues the moment you write. Not a quote — live rates depend on strike, expiry and demand.
Holding an asset is a bet on direction. Writing options is a bet on time.
Volatility is an asset class
Traditional markets have priced and traded it for forty years. On-chain, it has been locked behind desks and vaults that ask you to hand over custody first.
Collateral, not credit
Every option here is backed one-for-one by real deposits. There is no margin engine, no oracle, and no liquidation — because there is nothing to liquidate.
Positions that travel
Long and short legs are both ERC-20. Sell them, lend them, or post them as collateral elsewhere. A position you cannot move is only half a position.
Three steps, and the premium is yours.
- 01
Deposit what you already hold
hemiBTC, WETH, USDC — your collateral stays fully backing the position. Nothing is lent out and nothing is rehypothecated.
- 02
Write the option
You mint a matched pair: a transferable long and a receipt for your short. Both are plain ERC-20s, so they move wherever you need them.
- 03
Collect the premium
The buyer pays for the right to your upside. That payment is yours the moment the option is written, whatever happens next.
Bitcoin-denominated yield, without leaving Bitcoin.
Hemi settles with Bitcoin security, and hemiBTC is the deepest asset on the chain. That makes it the natural place to write covered calls against BTC itself — the premium accrues in the asset you already wanted to hold.
See live markets- Collateralization
- 100%
- Liquidations
- None
- Protocol fees
- Zero
- Settlement
- On Hemi