NEAR20 is our flagship yield token. Think of it as a bottled cocktail — already pre-mixed, ready to enjoy. Instead of you having to set up the ingredients, aging time, and spice level like in a Yield.
Here's the receipt
The Base Spirit: NEAR is the crypto behind it.
The Mix: A structured covered-call strategy running on NEAR.
The Garnish: A yield target designed to deliver ~20% APY in USDC terms.
With NEAR20, you’re not ordering a custom margarita — you’re picking a signature house special off the menu.
How it works
You buy NEAR20 tokens with USDC.
Each token represents exposure to a yield-enhanced NEAR strategy.
Behind the scenes, we’re running an institutional-grade covered call strategy on NEAR, aiming to capture option premiums and deliver them back to you as yield.
What’s important is that you don’t need to manage options, strike levels, or expiries — NEAR20 is a plug-and-play instrument.
What You Get
Yield: Target ~20% APY, paid in USDC.
Exposure: Your underlying exposure is to NEAR — if NEAR moons, you participate partially (but capped by the calls we sell); if it stays flat or modestly down, you still earn premium income.
Liquidity: NEAR20 is tokenized. You can hold it, trade it, or integrate it into DeFi.
Example
Let’s say you buy 1,000 NEAR20 tokens at launch for 1 USDC each (total 1,000 USDC).
If the strategy performs as designed and earns 20% annualized, after one year your 1,000 NEAR20 tokens should be redeemable for 1,200 USDC (20% gain).
If NEAR falls sharply, the yield strategy will soften the blow but you still have downside exposure (since the options are written on NEAR).
If NEAR rallies explosively, your upside is partially capped (because the strategy sells calls). But you still outperform just sitting in NEAR, thanks to the stable premium income.
In Short
NEAR20 = Yield + Exposure in one bottle.
Easy to buy, easy to hold.
No managing expiries or strategies.
Transparent, on-chain, institutional-grade.
It’s our way of giving everyone access to structured yield strategies that, until now, only big funds could run.
