Nonstop Income on Bitcoin Through Perpetual Options: Bitcoin Covered Call

Bitcoin holders often face the same trade-off. You want to keep your BTC exposure, but when markets move sideways, holding alone gives you no income.

The BTC Covered Call LP gives Bitcoin holders a way to earn income on their BTC exposure through Toros Perpetual Options. There are no expiries, no manual rolls, and no need to actively manage positions.

It works best when BTC is flat or rising moderately, with income helping support returns. In strong rallies, upside is capped, and if BTC falls, downside remains.

What It Is

The BTC Covered Call LP is a liquidity pool powered by Toros Perpetual Options.

It provides covered call style exposure without expiries or manual strike management. It behaves like holding Bitcoin while trading away some upside for recurring income.

Where the Income Comes From

The BTC Covered Call LP earns funding and option premium payments from Toros Protected Leveraged Token traders taking the long side of Perpetual Options.

Together, these flows add an income layer on top of BTC exposure while the LP remains fully collateralized by WBTC.

The Payoff

The payoff behaves like a covered call.

It has full BTC downside. Upside levels off after a capped range. Income continues while long-side demand remains.

That means the LP can perform well in flat or moderately rising markets. In strong rallies, upside is capped. In selloffs, downside remains, though income can help offset part of the move.

See It in the App

The BTC Covered Call LP is available in the Toros app. You can view the product, track key metrics, and get started directly from the app.