> For the complete documentation index, see [llms.txt](https://docs.dvol.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.dvol.finance/smart-vaults-beta/eth-vol-bull-vault/option-replication-vault-on-perpetual-protocol.md).

# Option Replication Vault on Perpetual Protocol

<figure><img src="/files/F7HjRoC8SYlXpncBcS0w" alt="" width="375"><figcaption></figcaption></figure>

**First on-chain Option Replication Vault, in calibration with** [**Perpetual Protocol**](https://perp.com/)

* Our founding team, with extensive experience in derivatives and decentralized finance, is thrilled to launch the **FIRST on-chain Option Replication Vault** in collaboration with [**Perpetual Protocol**](https://perp.com/).
* The Vault aims to replicate an ETHUSD Long Straddle option strategy's payoff, featuring a two-week expiration and an at-the-money strike. We achieve this through a dynamic delta hedging mechanism using the Black-Scholes model.
* Targeting users seeking long volatility exposure or anticipating volatile price movements in ETHUSD, especially after its current record low levels
* Designed for all participants with an interest in crypto non-linear products such as crypto options
* Our solution reduces risk by making all transactions on the blockchain itself, trades matched on Perpetual Protocol’s decentralized exchange, rather than through a centralized venue. This makes trading safer and more reliable

<figure><img src="/files/mhSzlMUqOyc9DY22gphG" alt=""><figcaption></figcaption></figure>

**Subscribe now at**\
[**optionvault.dvol.finance**](https://optionvault.dvol.finance/)


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