How @HelloTelos uses onchain options for its treasury management 👇 Telos, a high-performance blockchain built for scalability and low fees, wanted to diversify its treasury management tools and enhance yield generation. Telos leveraged Enzyme.Myso to structure tailored covered calls on wTLOS(wrapped Telos tokens). Here’s how it worked. Telos sold an option to buy approximately 300,000 wTLOS at a 110% strike price, with expiry in 30 days. The wTLOS remained securely locked in escrow during the term, enabling: ・Telos to generate immediate income from the upfront premium ・Retention of asset ownership throughout the option’s duration ・Assurance for the option buyer that the wTLOS would be available on-chain at expiry These covered calls were executed 100% on-chain and OTC, with Enzyme’s network of institutional market makers facilitating efficient execution. Telos arranged its strategy into three tranches, each earning premiums of ~6–7% upfront, successfully generating yield while retaining upside exposure. Interested in how it works? Check here: