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Choose your path — ETH Strategy serves different participants with different goals.
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Choose your path — ETH Strategy serves different participants with different goals.
ETH Strategy is a multi-sided protocol. Your journey depends on what you're here to do. Pick the role that fits: each guide walks you through concepts, mechanics, and risks relevant to your specific goals.
Get leveraged ETH exposure that can't be liquidated
Buy STRAT, stake for yield, understand the treasury mechanics
Buy convertible debt with defined outcomes and conversion terms
Purchase USD-denominated note (pay with ETH), receive CDT + Option NFT, choose when and how to convert
Earn yield from ETH volatility without directional exposure
Deposit USDS, hold ESPN, let the vault sell options for you
Borrow ETH against your STRAT without liquidation risk
Use STRAT + CDT as collateral, borrow esETH at fixed rates
Integrate STRAT, esETH, or CDT into your application
Token interfaces, integration patterns, production caveats
If you're not sure which role fits, start with What is ETH Strategy for the full picture, then come back here.
ETH Strategy builds on concepts from liquid staking, convertible debt, and options trading. The docs assume familiarity with basic DeFi concepts (tokens, staking, lending). If terms like "LST" or "ERC-20" are unfamiliar, we recommend starting with Ethereum's Intro to DeFi before diving in.
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