TAP airdrop is now live.
the TAP rewards pool – 1% of $DIME supply – is being distributed to affiliates and their communities.
Eligible affiliates and referred users have 2 weeks to claim their
GigaVTF earns the yield.
Deposit once, and the vault systematically sells $BTC options across strangles and condors, collecting premium that the market overpays for insurance.
Why does that premium exist?
Bitcoin's implied volatility has overestimated subsequently realized
TAP airdrop is now live.
the TAP rewards pool – 1% of $DIME supply – is being distributed to affiliates and their communities.
Eligible affiliates and referred users have 2 weeks to claim their
Two bullish spreads with defined risk you can trade on Paradex
+ Bull call spread: buy a call, sell a higher-strike call, same expiry
+ Bull put spread: sell a put, buy a lower-strike put, same expiry
Same payoff shape, capped both ways, but they're mirror trades: one is net
Yield you can't explain is a risk you can't price.
Before you deposit anywhere including GigaVTF, you should be able to answer one question:
What happens to this yield when market conditions change?
2026 ran that test for everyone.
$BTC is down 26.7% YTD. Every yield that
Our CEO @fiddybps1 is heading to @TheTieIO’s Out East Summit to take on the big question: “Is Crypto Running Out of New Buyers - or Just New Narratives?”
Institutional leaders, one room, three days on the North Fork. See you there.
For anyone new to this trade structure:
+ An iron condor is a short put spread plus a short call spread
+ You’re selling the market a range and collecting rent on it
+ Risk is defined on both sides
Such a structure is only possible using options
Trade options with zero fees
Iron condors are a great way to earn yield on $HYPE
This trader sold 2,000x of the July 24 iron condor:
+ sold the 55/50 put spread
+ sold the 70/77.5 call spread
He collected $670 against $8,835 of initial margin
-> 7.6% return in seven days (395% APR)
-> 70%+ probability of
Iron condors are a great way to earn yield on $HYPE
This trader sold 2,000x of the July 24 iron condor:
+ sold the 55/50 put spread
+ sold the 70/77.5 call spread
He collected $670 against $8,835 of initial margin
-> 7.6% return in seven days (395% APR)
-> 70%+ probability of
There are two kinds of vault yield
1. Yield an exchange gives you: liquidation fees, fee redistribution, subsidies. it works, until the policy changes.
2. Yield the market pays you.
@paradex's GigaVTF harvests yield by leveraging options strategies, such as the volatility risk
Another big million and a half dollar trade on Paradex RFQ, now a bullish position on $ETH from our CCO @noncesensicalll
Options size is slowly becoming available for everyone through Paradex RFQs
Start trading options with zero fees 24/7:
app.paradex.trade/options
bought 750x ETH Dec 25 3000 options via RFQ on paradex earlier today.
been dreaming of this for several years...eth seems destined for a hated rally in 2H of 2026. that or I'm an idiot – also very possible.
excited to get RFQ into the hands of all @paradex users shortly
Paradigm's RFQ open beta is coming soon on Paradex
Traders will be able to request quotes, receive competitive pricing from the network's liquidity providers, and settle onchain, extending the workflow institutions already use for crypto options blocks to decentralized venues.
+ A single +$640M $BTC block filled
+ The largest options trade ever for $XRP $23M
+ Near $2B trading day
+ ~54% of Deribit's whole volume in the last 24h
This liquidity is coming to Paradex via RFQ
Monster European session for @tradeparadigm today!
+ A single +$640M $BTC block filled
+ The largest options trade ever recorded for $XRP +$23M
+ Near $2B trading day
+ ~54% of Deribit's whole volume in the last 24h
the same rfq engine that just printed a $23M XRP options block is coming on-chain
this is the liquidity coming to paradex
Trade zero free options now: app.paradex.trade/options
The largest $XRP options trade ever was just printed on Paradigm
23M dollars in one block, over 3.5x larger than the second one.
You can trade it here > paradigm.co/join
