Overlap is a DeFi protocol focused on creating sustainable, non-inflationary yield through automated options strategies. Users deposit assets like ETH into the protocol's vaults, which then run strategies such as covered calls to generate returns from option premiums. In return for their deposit, users receive oTokens, which are yield-bearing, composable tokens representing their share in the liquidity pool. These oTokens also grant governance rights within the Overlap DAO (Decentralized Autonomous Organization), allowing token holders to participate in the protocol's future development and decision-making.

Founded in

United States