Arkada Finance
Arkada sells options on assets you already hold, and gives you the premium.
If you own ETH, we sell someone the right to buy that ETH from you at a price above today’s market. They pay you cash for that right, up front, whether or not they ever use it. If the price stays below the agreed level, you keep both the ETH and the cash, and we do it again. If the price goes above it, your ETH gets sold at the agreed price — a price you chose, above the market at the time you sold — and the strategy flips to the other side and starts selling the mirror-image option on cash.
That loop is called the wheel. Arkada runs it for you: it picks the instrument, executes it, watches the margin, settles the expiry, and moves the money between chains.
Every position is backed one-for-one by assets you actually deposited. Nothing is leveraged, nothing is borrowed to open a position, and the obligation can never exceed the capital behind it.
Where to start
- How it works — covered calls and cash-secured puts, the wheel, what “assignment” physically means on a cash-settled venue, and the life of one cycle end to end.
- Where the money comes from — the premium, the measured cost of executing it, who bears which cost, and how the platform intends to earn.
- Risks — twelve risks, each paired with what is done about it, and each stated plainly where the mitigation is partial or absent.
Current status
Arkada is pre-launch. The strategy showcase runs against live Derive mainnet data, a live subaccount exists, and deposits and order placement have been exercised on the live market. The automated wheel and the conversion cycle are both implemented — and both are switched off, because the wheel’s own specification requires a manual cycle and a conversion to each complete live at least once first, and neither has.
The product has not yet completed a full cycle with real money. The first run is explicitly a measurement exercise rather than a product launch — run on our own capital, with no external users, to establish two numbers: what fraction of premium survives all costs, and what it costs to service one user.
The platform fee is currently zero, and its final form has not been chosen. Anything on this site describing what the system does is written against the code and against dated measurements taken on mainnet. Nothing here is a projection of returns.
Partners and investors evaluating Arkada should ask for the full status document, which includes the component-by-component readiness matrix and the open questions register.
Nothing on this site is an offer, a solicitation, or a projection of returns. Selling options carries the risk of capped upside, assignment, and liquidation. See Risks.