Perpetual covered calls on stocks and crypto — the flagship product of the HORIZON covered-liquidity layer.
Global, instant access to the income strategy Wall Street kept behind an options-approval form.
Figures shown are illustrative. HORIZON yield reflects the modeled depositor return at 50% coverage / 60% utilization and is not a promise of future performance; realized yield is a function of demand-driven premium and varies continuously. Covered-call ETF figure reflects an average trailing distribution rate of large listed buy-write funds. Treasuries figure reflects a recent 3-month secondary market rate. Banks figure reflects a national average savings deposit rate. Depositing into HORIZON is not a bank deposit, savings account, or banking product of any kind; it is not insured by the FDIC, SIPC, or any government agency. Depositors are structurally short volatility and cap participation in upside moves beyond their coverage. Contracts are not yet third-party audited. Nothing on this page is investment advice or a solicitation.
Covered calls are the most-run income strategy in retail brokerage history. HORIZON is the same trade — deposit the asset, sell the upside, collect premium — rebuilt as a perpetual onchain primitive with no expiry and no assignment.
One pool per asset holds the exact asset it owes and re-asserts the invariant after every action. There is no debt, no health factor, and nothing to liquidate — on either side of any trade.
Every value-moving close settles by a real swap on the asset's own Uniswap pool. No price feed exists to manipulate, stale-read, or break — including at 3am Sunday when the reference market is closed.
Every reward is escrowed esHZN with exactly two exits: stake for real USDC fee flow, or vest over a year against locked HZN collateral. Mercenary volume converts into aligned ownership.
NVIDIA stock tokens trade 24/7 on Robinhood Chain. Deposit into the NVDA pool, pick a coverage, and stream option premium around the clock — including every hour Wall Street is closed.
The pool holds the exact asset it owes. The invariant is re-asserted onchain after every action — view it live, block by block.
Every close is a real swap on the asset's own Uniswap pool, behind a caller-supplied price band. No attestations needed — it's a transaction.
One hookless singleton, verified onchain. Every market is a row; every position is an ERC-6909 share. Read the code, not the marketing.
The June 1 ethresear.ch post proposing DeFi rebuilt on options — no liquidations, no real-time oracles. HORIZON is that primitive taken to its logical end.
Deployed where the stock tokens live. Covered calls on NVDA, TSLA, and AAPL that never close — the first options primitive for 24/7 equities.
33M HZN minted once. ~68% earned or bought by the community. Emissions pay only escrowed esHZN — stake for real yield or vest against locked collateral.