Access
Treasury options live on futures venues with contracts, strikes, and expiries that most onchain users have never touched.
Proposed protocol · Not launched
A defined way to position for Treasury downside.
COPE Finance pools USDC into a contract that buys one Treasury-linked put option under fixed, public rules — then sells it under the same rules. No manager. No discretion. Your share is your claim.
USDC in. USDC out. Rules fixed at pool creation.
120%
Projected federal debt held by the public, as a share of GDP, by 2036 — up from 101% in 2026.
Source: CBO3.4%
CPI increase over the 12 months through July 2026 — still above the Fed's 2% target.
Source: BLS1 position
Each pool holds exactly one Treasury-linked put option, bought and sold under fixed public rules.
Source: WhitepaperHigher borrowing needs and persistent inflation can pressure Treasury prices by pushing yields higher. That is a market context, not a forecast.
The problem
Treasury exposure is easy to want. Hard to run.
Management
An option position is not set-and-forget. You must track premium, time decay, and volatility — then close before expiry.
Execution
Choosing the contract, funding the trade, and timing the exit is a workflow, not a click.
COPE Finance turns that workflow into a pool with public terms: one defined position, a target option, a maximum purchase price, a sale target, a minimum pool size, and a final sale time.
How it works
Four steps. Zero discretion.
The contracts apply the pool's fixed rules for deposits, purchase, sale, and claims. The creator sets the rules before deposits open — and cannot change them after.
Full walkthrough- 01
Join a pool
Deposit USDC while the pool is open. Each deposit mints an ownership NFT for its exact share of the pool.
- 02
Rules trigger
When the pool reaches its minimum size and the premium is at or below the buy limit, the pool buys one Treasury-linked put option.
- 03
Pool exits
The pool sells when the premium reaches the sell limit — or at the final sale time, before expiry. No exceptions.
- 04
Claim USDC
Proceeds return to the pool. Each ownership NFT claims its percentage of the remaining USDC.
Roadmap
Start focused. Expand with approval.
The protocol starts with foreign exchange options. Later markets depend on product testing, market access, and regulatory approval.
Regulatory approval required
-
Forex
Launch pooled positions in foreign exchange options under fixed public rules.
-
Treasury put option pools
Add pooled put options linked to US Treasury assets.
Regulatory approval required
-
Broader bond options
Extend the pool model to more bond option markets.
Regulatory approval required
-
Commodities
Consider commodity options after the core markets are established.
Immutable by design
Every term is public before you deposit.
| Pool term | What it controls |
|---|---|
| Option expiry date | The date of the single option the pool targets. |
| Buy limit | The maximum premium the pool may pay to buy the option. |
| Sell limit | The minimum premium at which the pool may sell. |
| Minimum pool size | The USDC required before the pool can purchase. |
| Final sale time | The forced exit point, always before option expiry. |
The creator cannot change terms after creation and cannot choose the purchase or sale time. Fee schedule and execution details are pending before launch.
What users should know
No profit is promised. No capital is protected.
A put option can lose all of its value, and pool owners can lose some or all of their deposited USDC. Time decay, volatility, liquidity, execution, and smart-contract risk all apply.
Read the risksRead the rules before the rules matter.
The whitepaper defines the full pool lifecycle, failure paths, and everything required before launch.