Vault Strategy: Token Accumulators are for those who wish to acquire tokens below prevailing market levels at steep discounts when the opportunities arise. Yields in the form of premiums are earned at the beginning of each tenor enabling users to accumulate more stablecoins until the price of the underlying asset declines. Strike Prices are algorithmically determined to generate the highest risk-adjusted yield.

The vault reinvests the yields it earns back into the strategy at the end of each round until tokens are purchased, effectively auto-compounding the yields for depositors over time. When withdrawal is initiated, funds will be made available for withdrawal at the end of the current round and will not participate in the next round. When tokens are purchased, they will not participate in any following strategy and will be made available for withdrawal.

Strategy Risk: If the Settlement Price fixes at or below the Strike Price, the underlying asset is physically purchased for the Strike Price. Risk occurs in accumulating tokens in a bear market that declines significantly beyond the Strike Price, resulting in impermanent loss.