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European Reverse Knockout (ERKO)

The European Reverse Knockout vault buys a monthly knockout option.
The monthly “knock-out” option structure creates a high and a low barrier where investors receive a payout if the price of Bitcoin closes inside those prices.

Testnet contracts

  • Vault: hermetica-sbtc-erko-vault-v0-1 (link)
  • Comptroller: hermetica-sbtc-erko-comptroller-v0-1 (link)