Whitepaper

Vanterra: the options exchange that never closes, and the yield engine that never sleeps.

$VANT · vanterra.xyz · Settle: USDC · Home chain: Robinhood Chain (4663)

$VANT contract (Robinhood Chain): to be announced

Links: vanterra.xyz

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Name#

Vanterra ($VANT) · vanterra.xyz

Tagline: Your stocks, working every second.

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Short description#

24/7 options exchange and yield engine for tokenized stocks on Robinhood Chain. Premium is streamed to your wallet every second.

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Description#

Vanterra puts idle tokenized stocks on Robinhood Chain to work. Deposit AAPL, NVDA or SPY tokens into a one-tap Autopilot vault. An on-chain strategy engine writes covered calls, sells puts and adds dividend yield on top. Premium streams into your wallet in real time instead of arriving once a week.

Pros get a full options chain that never closes: pre-market, after-hours and weekends. They also get perpetual options with no expiry, cross-margin across every ticker, and an AI strategist that builds and hedges positions from a plain-English prompt.

Everything is fully collateralized and settled in USDC, so your shares are never liquidated. You unlock premium features by holding $VANT in your wallet. There is no staking and no lockup.

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USP#

The only options venue where tokenized stocks earn yield 24/7.

Four things set it apart:

• Premium streams to you per second.
• Perpetual options have no expiry.
• An AI strategist turns a sentence into a position.
• Everything is built natively for Robinhood Chain.

It is fully collateralized, so you never lose the underlying to a liquidator, and you unlock it by holding $VANT.

In one line each:

1. Premium by the second. Yield accrues and is withdrawable continuously, not in weekly lumps.
2. A chain that never closes. Calls and puts on tokenized stocks trade pre-market, after-hours and on weekends.
3. Options without an expiry date. Perpetual calls and puts use a funding rate instead of rollovers.
4. No liquidator. Every obligation is funded when the position opens. Your shares are never force-sold.
5. An AI strategist. Describe a view in plain English and get an executable, hedged, multi-leg strategy.
6. Native to Robinhood Chain. The stocks, the settlement and the vaults all live on the same chain.
7. $VANT is a key, not a lock. Holding it unlocks tiers. No staking, no lockups, no unbonding period.

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The problem#

Tokenized stocks on Robinhood Chain trade around the clock, but most of them just sit in wallets. Holders who want income from them have three bad options:

• Go back to a broker. You get covered calls there, but only during market hours, on a weekly cycle, with the premium paid out in lumps.
• Use a crypto options venue. Most on-chain options venues list crypto underlyings, not stocks, and many rely on liquidation engines that can force-sell your collateral in a fast move.
• Do nothing. The stock earns nothing between dividends.

Pros face a different gap. They have no options chain on tokenized stocks outside market hours, no way to hold a view without rolling it every expiry, and no single margin account across tickers.

Vanterra closes both gaps on one venue.

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How it works#

Collateral: fully funded, never liquidated#

Every position is collateralized for its maximum obligation at the moment it opens:

Because the maximum loss is locked in when you enter, no position ever needs to be closed by a third party. No liquidation price exists and there is no auto-deleveraging. The worst case is known before you sign.

Autopilot vaults#

One tap deposits your tokenized stock (or USDC) into a strategy vault:

• Covered call. The vault writes calls against your shares, with automatic strike selection and rolling.
• Cash-secured put. The vault sells puts backed by your USDC and takes delivery of the share if assigned.
• Collar. The vault writes a call and buys a put, capping both the upside and the downside.

The strategy engine chooses strikes and expiries from rules that are published on-chain per vault. Vault parameters are fixed per epoch and visible before you deposit.

Premium streaming#

When a vault sells an option, the premium is received once. Vanterra releases it to depositors linearly, per second, over the life of that option.

• Your accrued premium is withdrawable at any time.
• If you leave early, you take exactly what has accrued to you so far.
• Depositors who join later never dilute premium already earned.

For perpetual options (6.5), the premium itself is a continuous funding stream, so the stream is native rather than accounted.

The 24/7 options chain#

Tokenized stocks trade on-chain around the clock, but the underlying exchange does not. Vanterra prices options in every session:

• Regular hours. Pricing anchors to the live reference price.
• Pre-market, after-hours and weekends. Pricing anchors to on-chain spot and extended-session references. The off-hours volatility surface widens to price in gap risk at the next open.

The chain shows which session is active. It also shows how the current reference price is sourced.

Perpetual options#

Perpetual calls and puts have no expiry. The buyer pays a continuous funding rate to the writer instead of rolling contracts. The rate is derived from the option's value relative to its intrinsic value. The position stays open until the holder closes or exercises it. The writer's side stays fully collateralized throughout.

Settlement#

• Cash legs settle in USDC.
• Physically settled contracts deliver the tokenized share in the same block as exercise.
• Position NFTs. Every open option is an NFT, so it can be transferred, sold or gifted before expiry.

Cross-margin#

A single collateral pool backs positions across every ticker. Offsetting defined-risk legs are netted, so a hedged book needs less collateral than the sum of its parts. Every position's maximum loss stays reserved, so cross-margin never introduces a liquidation price.

AI strategist#

Describe a view, for example "bullish NVDA into earnings, capped risk". The strategist returns an executable multi-leg strategy that includes:

• the legs, strikes, expiries and size
• the hedge
• the maximum loss and maximum gain
• the Greeks and a payoff chart

Nothing executes until you review and sign it. The strategist proposes. It never trades on its own.

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Utilities#

1. Autopilot vaults. One-tap covered-call, cash-secured-put and collar strategies with automated strike selection and rolling.
2. Premium streaming. Options premium is paid into your wallet per second and is withdrawable at any time.
3. Yield stacking. Vaults collect tokenized-stock dividends (where the token passes them through to holders) and options premium in a single position.
4. 24/7 options chain. Trade calls and puts on tokenized stocks during pre-market, after-hours and weekends.
5. Perpetual options. No-expiry calls and puts with a funding-rate mechanism instead of rollovers.
6. AI strategist. Describe a view and get an executable multi-leg strategy with hedges.
7. Cross-margin engine. One collateral pool margins positions across every ticker.
8. Earnings mode. Short-dated event options and IV-crush vaults timed around earnings releases.
9. Volatility index token. A tradable index tracking implied volatility across the top Robinhood Chain stocks.
10. Instant exercise. Physically settled contracts deliver the tokenized share in the same block.
11. Options-backed credit line. Borrow USDC against covered positions without closing them. The credit line is sized to the position's protected floor, so it never needs a liquidator either.
12. Strategy marketplace. Publish a vault strategy and earn a share of performance fees from followers.
13. Shield mode. A one-click portfolio hedge that buys protective puts sized to your wallet.
14. Position NFTs. Every open option is a transferable NFT that can be sold or gifted before expiry.
15. Ladder builder. Automatically spreads a position across strikes and expiries to smooth yield.
16. RFQ block desk. Market makers quote large multi-leg blocks on-chain and earn $VANT rebates.
17. Gasless trading. Account-abstraction wallets with fees paid from earned premium.
18. Live risk radar. Real-time Greeks, assignment probability and liquidation-free stress tests for every position.
19. Backtest lab. Replay any strategy against historical tokenized-stock prices before deploying it.
20. $VANT holder tiers. Fee discounts, Autopilot access, boosted yield, a share of fee revenue and governance, all unlocked by holding $VANT in your wallet. No staking, no lockups.

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Holder tiers#

Hold-only. No staking, no lockups, no unbonding. Your tier is read from the $VANT balance in your wallet. Sell and the tier drops, buy back and it returns.

Tier thresholds, fee discount rates, the boost size and the revenue-share split will be published before launch. They are not set in this document.

Revenue share without staking. Your share of protocol fee revenue is based on the $VANT you held over each distribution period, measured from your wallet balance. You claim it from the app. Nothing is locked, and you can sell at any time.

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$VANT#

• Chain: Robinhood Chain (4663)
• Contract: to be announced
• Role: access key to holder tiers, fee revenue share and governance
• Not required to trade manually. The Free tier stays fully usable.

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Risks, stated plainly#

• Options can lose value. Buyers can lose the full premium they paid. Put writers can be assigned shares below market. Covered-call writers give up upside above the strike.
• Off-hours pricing. Weekend and overnight quotes reference on-chain and extended-session prices, not the primary exchange. The open can gap past any strike.
• Tokenized stock risk. Vanterra depends on the tokenized stocks it lists: their issuer, redemption terms, dividend pass-through and price references.
• Smart contract and oracle risk. Contracts will be audited before launch, but audits reduce risk and do not remove it.
• Yield is not guaranteed. Streamed premium reflects options actually sold. It is not a fixed rate and not a promise.
• AI output is a proposal. The strategist can be wrong. Every strategy is reviewed and signed by you.

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What Vanterra is not#

• Not a broker, and it does not hold custody of your shares outside the contracts you sign into.
• Not a leverage venue with liquidations. Every position is funded up front.
• Not a staking token. $VANT earns nothing by being locked, because it is never locked.