From 2022 Cally allows users to earn income from their held NFT or NFTX ERC20 tokens.
Ethereum and Optimism users who create a covered call contract sell a call option on the underlying asset, usually an NFT. In exchange, they receive passive yield in the form of premiums.
Typically, the longer the expiration and lower the premium, the farther out of the money the buyer purchases the contract. By giving users the ability to set the premium and expiration date, Cally allows each individual to determine their own risk tolerance and rate of yield.
