Rysk
AuditedNewHyperEVMRysk is a DeFi options protocol on HyperEVM that productizes covered calls and cash-secured puts via an on-chain RFQ auction, paying sellers an upfront USD premium while collateral remains fully locked until expiry.
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The Problem
Holders of volatile crypto assets earn little to no yield on their core positions, and traditional covered-call strategies require either active management on a CEX or trust in opaque off-chain structured products.
The Solution
Rysk lets users sell covered calls and cash-secured puts directly on-chain: the RFQ engine auctions the best premium from professional makers in real time, the premium is paid upfront in USD, and collateral is held in audited smart contracts with no liquidation risk until expiry.
Why it Matters
Pairs a TradFi-standard payoff (covered calls / cash-secured puts) with a fully on-chain, physically-settled, no-liquidation execution model — and is the first sizable options yield protocol native to the HyperEVM ecosystem.
Protocol Metrics
Related Research
View allFrequently asked questions about Rysk
What is Rysk?+
Rysk is a Yield protocol operating on Hyperliquid L1, Arbitrum. Rysk is a DeFi options protocol on HyperEVM that productizes covered calls and cash-secured puts via an on-chain RFQ auction, paying sellers an upfront USD premium while collateral remains fully locked until expiry.
How does Rysk work?+
Rysk lets users sell covered calls and cash-secured puts directly on-chain: the RFQ engine auctions the best premium from professional makers in real time, the premium is paid upfront in USD, and collateral is held in audited smart contracts with no liquidation risk until expiry.
Is Rysk safe?+
DeFi Sentinel rates Rysk B with a safety score of 59/100, indicating high risk. The score reflects five risk dimensions: smart contract & technical risk, economic design & market risk, governance & centralization, sustainability & competitive position, and reputation & social trust. Rysk has 4 audits on record. DeFi Sentinel's analysis flagged 2 high, 7 medium, 4 low risk alerts across Smart Contract & Technical Risk, Economic Design & Market Risk, Governance & Centralization, Sustainability & Competitive Position and Reputation & Social Trust. As with all DeFi protocols, residual risk remains and users should review the full risk breakdown before depositing.
What is the safety score of Rysk?+
Rysk has a DeFi Sentinel safety score of 59/100 (rating B), last updated May 21, 2026. The score is computed across smart contract & technical risk (30%), economic design & market risk (25%), governance & centralization (20%), sustainability & competitive position (15%), and reputation & social trust (10%).
Which chains does Rysk support?+
Rysk is deployed on Hyperliquid L1, Arbitrum.
Has Rysk been audited?+
Yes. Rysk has 4 audit reports on record from firms including Trust Security, Trust Security, Trust Security. Audit reports and dates are linked under the Resources tab on this page.