← All vaults
DAO Treasury Collar
A governance-token treasury with calls written above spot funding the puts that hold its floor.
Modeled APY9.5%net of venue costs and the 20% compute feegives up gains above +10%, worth 46.0% a year in the model
TVL$0$280K seeded
Share value0.00001.0000 at inception
Depositors8since inception
Capacity$1M$720K left, modeled
Capacity usedlimited by modeled options venue open interest
28%
$280K deposited$1M total capacity
Overview
DAO Treasury Collar runs a collar on DAO/USDC via Options venue on Base. Covered calls written above spot fund a protective put below; the net premium is the income and the puts hold the floor.
All figures on this page are modeled from the vault's published parameters.
Vault configuration
CuratorPriime
CreatedApr 22, 2026
VenueOptions venue
ChainBase
Strategy classTreasury collar
ModulesLiquidity sourceCovered callProtective putAuto-compound
VerificationTrustless Execution Network, every action verified before it settles · modeled
Automations
Options venue · Collar
In shadowCovered call and protective put
Calls written above spot fund the put that holds the floor.
+3.7%spot against the position · floor −12% · cap +10%modeled now
Put floor−12%
Participates−12% to +10%
Call strike+10%
The collar · one action per roll
Spot at or below−12%→The put pays, the floor holds
Spot between−12% and +10%→Hold, the premium is the income
Spot at or above+10%→Calls assigned, upside above the strike is sold
Roll cadence · 30dLast roll · 24d agoNext roll · in 6d
Also installed
Auto-compoundInstalled on a 24h cadence. Nothing to compound: the premium pays for the upside sold.
Envelope, bands and thresholds are the vault's published parameters.
Performance
Share value, modeled
1.0461Deterministic model from inception at the vault's modeled APY. 1.0000 at inception.
Returns
Since inception 177d+4.61%
7d return modeled+0.33%
30d return modeled+0.90%
Parameters
MarketDAO/USDC
VenueOptions venue · Base
Call strike+10%
Upside forfeitedabove +10%, worth 46.0% a year in the model
Put floor−12%
Roll cadence30d
PricingPriced from the product’s own model, not from a scan
Harvest threshold$155
Compound cadence24h
Capacity$1M
Capacity bindinglimited by modeled options venue open interest
Upside capcalls written +10% above spot
Protected floor−12%
RiskThe floor at −12% holds only to the option venue's performance, and upside above +10% is sold.
Remaining capacity$720K
Min deposit$50
Compute fee20% of the vault's growth after costs, above its previous high
Management feenone on idle capital
Withdrawalno exit rail on a modeled record
Composed modules
Liquidity sourceHolds the position on the venue and market this vault runs on.
Covered callWrites calls above spot and rolls them on cadence. The premium is the income.
Protective putHolds puts below spot, funded by the written calls, so the position has a floor.
Auto-compoundSweeps earned yield back into the position once it clears the harvest threshold.
Activity
| Action | Detail | Time |
|---|---|---|
| Call rolledmodeled | written +10% above spot | 20d ago |
| Call rolledmodeled | fresh strike +10%, 30d tenor | 24d ago |
| Call rolledmodeled | written +10% above spot | 50d ago |
| Call rolledmodeled | fresh strike +10%, 30d tenor | 54d ago |
| Call rolledmodeled | written +10% above spot | Jul 28, 2026 |
| Call rolledmodeled | fresh strike +10%, 30d tenor | Jul 24, 2026 |
| Vault published | by Priime · $280K seeded | Apr 22, 2026 |