Chick
Simulation amount. Rysk’s executable minimum and capacity apply at trade time.
Option proceeds settle at expiry. The rewards below illustrate one eligible weekly epoch of your NEST lock and may arrive after expiry.
Your WHYPE is returned
Your WHYPE is exchanged at the strike
Choose a position to see its illustrative weekly reward potential.
veNEST is the voting power of your locked NEST, not another asset to add to the balance. NEST principal and compounded NEST remain locked after option expiry. At exactly the strike, this model returns WHYPE.
Defaults use the last completed epoch’s published allocated NEST APR and Nest’s latest public HYPE projection. A realized last-epoch HYPE rate is not publicly available. You can edit both rates; the basis is shown beneath the outcome boxes.
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HYPE Spring is modeled once per eligible new lock, plus eligible compound growth, during the epochs you specify. It is not a recurring APR on the whole balance. Net compound APR should already account for HEV fees. Campaign eligibility and rates must be checked for each epoch.
From one covered call to a growing locked position and more HYPE to put back to work.
Choose a strike and expiry. Commit WHYPE and receive a USDC premium.
Buy NEST with the net premium, lock it for veNEST voting power and activate HEV.
Automated voting and compounding give your premium a second job.
HYPE Spring rewards newly eligible NEST.
Rewards compound into your position.
At settlement, keep your WHYPE or receive USDC at strike. Add available HYPE rewards to the next call’s collateral.
Back to step one, with more HYPE to put to work
You keep your HYPE and build a second position with the premium.
Your original token count returns at settlement, even if its dollar value has fallen.
A new position paid for by the call premium, without adding fresh cash to this leg.
Illustrative HEV compounding for one weekly epoch grows the position you keep.
One eligible epoch’s liquid HYPE rewards can join a future call’s collateral.
HYPE and NEST can both lose value. Retaining tokens does not protect their dollar value.
Keep your HYPE collateral, plus get premium-funded locked NEST with its liquid HYPE and NEST rewards.
You sell at your chosen price and keep the Nest built from the premium.
Your WHYPE is exchanged at the agreed strike. You have USDC instead of that collateral.
A strong rally can leave you sidelined on upside beyond your chosen strike price
You retain the whole premium-funded position. If NEST appreciates, its dollar value rises.
One illustrative weekly epoch adds tokens; a rising NEST price would also lift their value.
Each rewarded HYPE is worth more in a HYPE rally and can help rebuild exposure.
Your NEST position and HYPE rewards help offset any missed price rally from exercised call options
The idea is to enhance the economic use of a covered-call premium, not to guarantee protection or exposure. Green arrows indicate added tokens or conditional gains; red arrows show the risks and costs. Reward amounts use the Earn Nest rates for one illustrative eligible weekly epoch, independently of expiry. HYPE Spring is a campaign allocation on newly eligible locks, not a recurring yield on the whole balance. Eligibility, allocation and payout timing can differ.
Protocol docs and public app feeds, reviewed 5 November 2026. Each live feed has its own timestamp; published HEV estimates can lag the current epoch.