101 Under

What is 101 Under Vault?

• Built atop the BaseVol platform, 101 Under Vault sells zero-day options on BTC with dynamic risk control and daily drawdown caps.

• Deposit USDC to earn daily if BTC does not spike more than 1% a day (no big spike). Users join a yield-optimized vault, while A.T.M. handles trade sizing, hedging, and settlement.

Overview

• Objective: Deliver attractive, risk-managed yield by trading 0DTE call options on a daily basis.

• Edge: Option-selling vaults (e.g., covered-call ETFs) are proven in TradFi but largely untapped in crypto.

• Automation: An on-chain “Agent” continuously optimizes strike selection, daily capital allocation, and hedging parameters.

Strategy Stack

• Daily Options Yield (5% allocation):

  • Automatically buys 101% Under options daily on BaseVol

  • Limited daily drawdown risk through binary structure of BaseVol 0DTE options.

• Daily Base Yield (95% allocation):

  • Partial utilization blue-chip USDC vaults on Morpho curated by Steakhouse which allocates billions in assets across all of DeFi, lending against the lowest risk crypto and real-world assets (RWAs).

Operations

• Strategy is rebalanced daily at 8:00 AM UTC

• Pending Deposits and Redeems are settled on this time

• Note: Deposit / Redeem requests are paused between 7:00~8:00 AM UTC daily.

*BaseVol Vaults use active trading strategies that carry risk. Returns are not guaranteed, and you may lose some or all of your deposits. There is no compensation in case of loss. By depositing funds to these vaults, you confirm that you understand and accept such risks.