Two income streams.
One position.
Deposit into a price range. Earn swap fees from every trade, plus borrow fees when options traders use your liquidity.
Choose a range
Pick the price range where you want to provide liquidity. Tighter ranges earn more per dollar but need rebalancing more often.
Earn swap fees
Every trade that passes through your range pays a fee. You earn a share proportional to your liquidity.
Earn borrow fees
Options traders borrow your position and pay you on top of swap fees. This is yield you don't get on a standard DEX.
Understand the tradeoff
When you pick a price range, you're choosing which outcomes you're comfortable with.
Price rises past your range
You gradually sold the volatile token for the stable one — and earned fees doing it.
Price drops past your range
You gradually bought the volatile token with your stables — and earned fees doing it.
Price stays in range
Maximum yield. Both swap fees and borrow fees keep flowing to your position.
Pick a strategy that fits
Your range position determines your strategy. Both earn from two yield sources.
Covered Call
Range above current price
You hold MON and think the price will rise moderately — or you're happy to sell at a higher price. You earn yield while you wait. If price hits your range, you sell into strength and keep the fees.
Cash-Secured Put
Range below current price
You have USDC and want to accumulate MON at a lower price. You earn yield while you wait. If price dips to your range, you buy at your target and keep the fees.
Ready to earn?
No lockups. Auto-compounding. Withdraw anytime.
Start earning