Comparison:
Himalayan Protocol
(Inactive)
Decentralized Structured Products on Polygon
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Himalayan Protocol is a Decentralized Structured Product on Polygon. Users deposit their funds into the vaults. The vaults then use these funds to mint options and sell them via auction to buyers. Once options are minted, the funds are locked in the vault. Buyers buy options and pay a premium to the vault. This premium becomes the yield for the vault.
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