> For the complete documentation index, see [llms.txt](https://docs.ethstrat.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ethstrat.xyz/espn.md).

# ESPN

- [Quick Start](https://docs.ethstrat.xyz/espn/quick-start.md): How to deposit, earn yield, and redeem from the ESPN vault.
- [About ESPN](https://docs.ethstrat.xyz/espn/espn.md): The volatility trade, productized — earn yield from ETH options without directional exposure.
- [Risks](https://docs.ethstrat.xyz/espn/risks.md): Honest assessment of ESPN-specific risks — what can go wrong, and how the design mitigates it.
- [Derive Options](https://docs.ethstrat.xyz/espn/derive-options.md): How ESPN uses Derive to execute the covered call strategy under the hood.
- [Staking Incentives](https://docs.ethstrat.xyz/espn/staking-incentives.md): Stake ESPN LP tokens to earn boosted yield — rewarding longer lock periods with higher returns.