Dirac Finance — TradFi-to-DeFi Yield

Traditional finance has used options strategies for decades to earn steady yield: covered calls, protective puts, structured notes. Most crypto investors never touch them because they are complicated. Dirac Finance puts them on-chain.

Golden Sea wrote these strategies as Solidity contracts on Polygon. The main products are option vaults. Users deposit, the vault runs a fixed options strategy (selling covered calls in the ETH Call Vault, buying protective puts in the ETH Put Vault), and the premiums go back to depositors. What would need a brokerage account and options approval in traditional finance runs here without permission from anyone.

The two hard parts were volatility and simplicity. Sharp price swings can break an options strategy, so the team added hedging and audited insurance contracts to cap losses. On the screen, users only see deposit, withdraw and their yield. The options mechanics are explained in a separate section for those who want to read it.

Every contract was audited independently before launch. The reporting dashboard shows each vault's past performance, current positions, risk figures and realised yield.