DeFi Structured Products 2026: Options Vaults, Range Tokens, and More

Structured products in DeFi generate yield by combining options strategies with smart contract automation. This guide covers options vaults, range accrual products, and dual currency yields.

DeFi structured products replicate sophisticated institutional investment strategies on-chain. Options vaults, range accrual notes, and dual-currency products allow retail investors to access strategies previously available only to institutional desks.

Covered Call Vaults (Theta Vaults)

Cash-Secured Put Vaults

Dual Currency Yield Products

Dual currency products (Ribbon, Cega) let you deposit one currency and receive yield paid in either the same currency or a second currency depending on price outcome. E.g.: deposit USDC, receive 30% APY in USDC if ETH stays below a target; if ETH surpasses the target, receive ETH instead. High yield in exchange for defined outcome risk.