Too Long; Didn't Read
DeFi Options Vaults (DOVs) provide easy access for users to deposit funds and earn yields based on a predefined option strategy. The most common structured product DOVs implement are covered call selling call options with a higher strike price than the current token price. At the start of Q421, DOVs were growing at a similar pace to the broader DeFi market but began to explode by December 2021 when it was significantly outgrowing the entire DeFi sector.