TL;DR: We are excited to announce that 3Jane just sold ~$2.6M in ETH call options on EigenLayer! Depositors earned ~8% APY in real eETH yield on top of staking + restaking yield. 3Jane is the very first to unlock $ETH yield on >$20B of restaked $ETH via financial derivatives.

3Jane is a crypto-native derivatives protocol built on EigenLayer. 3Jane enables the collateralization of any EigenLayer restaked asset in derivatives contracts (inspiration). 3Jane unlocks a novel derivatives yield layer for the EigenLayer ecosystem, allowing native restakers, liquid restakers, and LRT holders to earn derivatives yield in addition to staking and restaking yield. 3Jane represents a broader necessary evolutionary step for EigenLayer toward financialization.

In our whitepaper “3Jane Protocol: Unlocking Crypto-Native Derivatives Yield”, we coin a term called “Derivatives Yield”. What exactly does this term mean?

3Jane is a crypto-native derivatives protocol built on restaking and cash-and-carry. At its core, 3Jane revolutionizes the way Ethereum is utilized by enabling the collateralization of cryptoeconomic security of any Proof-of-Stake (PoS) based system in derivatives contracts. This approach maintains the security of these systems whilst weaving them seamlessly into a vibrant derivatives market. Through composability, 3Jane unlocks the potential to generate substantial yield from options contracts all while contributing to the overarching security and robustness of the crypto economy.