Rysk (N/A)

Rysk is a DeFi volatility yield protocol on HyperEVM offering a new model for on-chain options trading. 

It aims to deliver one of the first fully on-chain, DeFi-friendly approaches to covered calls and cash-secured puts for Bitcoin, Ethereum, $HYPE LSTs, Solana, and more. Rysk Finance DeFi protocol achieves this through two core components: a Protocol handling collateralization, settlement, and options logic, as well as an RFQ System executing option trades through auctions.

How does Rysk Finance work? 🤔

For example, $HYPE is currently priced at $55, but a user wants to sell at $65 within a month. The user deposits $HYPE, chooses an expiry date, and sells covered call options, creating a short position on the underlying asset to sell higher while earning a premium. The deposited collateral is locked via a smart contract and cannot be withdrawn until expiry.

At the expiry, there are two outcomes to occur: 

• If the option expires and $HYPE is below the $65, user receives back HYPE (with profit from price appreciation) and premium;
• If during expiry, $HYPE price is above $65, the user receives $65 (with a loss due to a price appreciation) in cash and premium earned from the Rysk finance options trading. 

For cash-secured puts, users do the opposite, selling a put option collateralized by stablecoins, aiming to buy $HYPE below its current market price.

Read more on how Rysk Finance works in its docs.

🪙 Rysk Finance token: As of June 2026, there is no clear information regarding a potential Rysk token release or its utility. As of June 2026, there is no clear information regarding a potential Rysk Finance token release or its utility. However, the CoinLaunch team believes there is still a solid chance that the platform will release a native token.

On Since August 29, 2025, Rysk Finance's options platform has been running a multi-epoch points farming campaign for its options traders.
 

Based on this, the CoinLaunch team conducted a comprehensive review of Rysk Finance and identified the following pros and cons:
 

✅ Rysk Finance pros:

• First on-chain crypto options protocol on Hyperliquid;
• Multiple security audits from Trust Security;
• Strong ecosystem of partners, including Chainlink, $USDH, and others;
• Strong network of backers;
• Core team members have experience at Citi and Bank of America.
   

❌ Rysk Finance cons: 

• Below-average digital marketing;
• No publicly available revenue information;
• Native token not confirmed;
• Security audits are conducted by only one firm.