Autopilot is the yield side of Pulsar. One tap deposits your tokenized stock (or USDC) into a strategy vault. The vault writes options on your behalf, and the premium streams back to you every second.
The three vaults
| Vault | You deposit | The vault | You give up |
|---|---|---|---|
| Covered call | Tokenized shares | Writes calls against your shares, with automatic strike selection and rolling | Upside above the strike |
| Cash-secured put | USDC | Sells puts backed by your USDC and takes delivery of the share if assigned | You may buy the share below market |
| Collar | Tokenized shares | Writes a call and buys a put | Both upside and downside are capped |
Rules are public and fixed per epoch
- The strategy engine chooses strikes and expiries from rules that are published on-chain per vault.
- Vault parameters are fixed per epoch and visible before you deposit.
- Nothing about a vault's behaviour changes mid-epoch.
How you get paid
Premium is received once per option sold, then released to depositors linearly, per second. Your accrued premium is withdrawable at any time. Where a tokenized stock passes dividends through to holders, yield stacking collects them in the same position.
Tools built on vaults
- Ladder builder spreads a position across strikes and expiries to smooth yield.
- Shield mode hedges a portfolio with protective puts in one click.