UltraLP (now @Leaps_Finance)

The LP Copilot on @MeteoraAG on @Solana powered by @rps_ai (deprecated)

We are now @leaps_finance

[UltraLP (now @Leaps_Finance) @UseUltraLP]

UltraLP is now Leaps Finance!

[Leaps Finance @leaps_finance]

Most DeFi yield pays you slowly over months.

Leaps is different.

You pick a deal to potentially buy or sell on SOL, BTC or stables next week → get paid the premium TODAY in stablecoins.

Here’s how it works:

[RichKing | Leaps Finance @richardkingxyz]

I get the same question over and over when it comes to earning yield with selling on-chain options.

Here's what closing the options and withdrawing your funds look like on @leaps_finance

1. If the price crosses before expiry, nothing happens. The options only trigger on the day of expiry.

2. You get the keep the upfront yield regardless of the outcome.

3. You can withdraw your deposit whenever you want after expiry.

[RichKing | Leaps Finance @richardkingxyz]

昨天在币安拉了一下双币投资的 BTC 低买，LeapsFi的报价对了一遍。

同一个行权价 $75,000，同一个到期日 10 月 30 日，同样 14 天 - 7,500 USDC 放进去，。

币安: 期权费29 美元， 10.20% 年化，
Leaps：期权费40.83 美元，14.74% 年化

其他的区别：Leaps在链上，USDC 锁在 Solana 的合约里，不用充值，不用开户，也不用KYC。报价对标期权市场，想核对随时能核。

跟OKX VIP对比: 11.615% 年化，OKX还是对散户比较友好一些 😅

[Leaps Finance @leaps_finance]

Leaps Finance is built by the RPS team, a company specializing in Solana on-chain liquidity management, supported by @SuperteamBlack and backed by @OrangeDAOxyz @Delphi_Ventures and Wintermute Construct.

[Leaps Finance @leaps_finance]

Where does the yield come from?

Its not yield, its payment.

A buyer is purchasing the opportunity to buy your SOL at a price you set, and they pay for it upfront.

What they pay depends on how far that price sits from spot, how long until it expires, and how much movement the market expects in between.

[RichKing | Leaps Finance @richardkingxyz]

Is OKX ripping users off?

Leaps premiums pay users 2x higher than OKX's option selling platform, even at OKX VIP tier. 🫣

Leaps: 104%
OKX: 50%

for Oct 9 $122 SOL covered call

[Leaps Finance @leaps_finance]

How to earn yield upfront by selling a covered call on your SOL

[Leaps Finance @leaps_finance]

Most defi yield pays interest over many months or you profit only when you close your position.

Selling options on Leaps is the only way to get yield paid upfront, right from the start.

[UltraLP (now @Leaps_Finance) @UseUltraLP]

@sinag_crypto @met_lparmy @MeteoraAG @Meteora_PH lets go!

[RichKing | Leaps Finance @richardkingxyz]

This is why Defi options can 1000x
On-chain options are 0.2% of on-chain perp volume
In tradfi, it reverses: options trade more than futures
That's 500x just to catch up

Benefits of defi options:
- no need to move your SOL off-chain
- anon
- your transaction costs are just Solana network fees
- trade in 1 SOL 'lots' or $100 USDC

Sell options early on @leaps_finance

[RichKing | Leaps Finance @richardkingxyz]

solana:So11111111111111111111111111111111111111112 is bouncing back down from $124.

Great time to be writing a SOL covered call at higher strikes if you believe it won't hit the same highs for a few weeks.

It really just takes 3 clicks for Leaps premiums to pay out 60% APR, without selling a single SOL.

Just click?

[RichKing | Leaps Finance @richardkingxyz]

There are 2 types of people we built Leaps Finance for:

SOL / BTC holder on-chain
You hold sol or btc, you're not selling at spot anytime soon, you don't mind selling for a lot higher and earning premiums.

SOL / BTC Swing Trader
You're already buying low, selling high, and you'd like to be paid premiums throughout.

Thats options selling in a nutshell.

(Current board is running 20-60% annualized on the strikes most people pick, Sep 26. varies with vol.)

[RichKing | Leaps Finance @richardkingxyz]

Charles Swab and other tradfi asset managers use a particular strategy that earns high yield through selling options. This strategy is called "The Wheel"

1. It involves selling a put, wait for expiry, selling a call, wait for expiry, then selling a put - and repeat.

2. For each option, select strikes close to spot with short expiry dates to take advantage of high APRs, you want these options to trigger.

3. Every time the option triggers, you have the opposite token (swapping from USDC <> SOL) and so you sell an option with those new assets.

You can run this today with SOL & cbBTC on @leaps_finance

[UltraLP (now @Leaps_Finance) @UseUltraLP]

@molusol @met_lparmy 🙏

[RichKing | Leaps Finance @richardkingxyz]

I've been often asked whats difference between selling covered calls on SOL vs just staking it.

- Covered calls pay you now, and a lot more, but caps your upside.
- Staking lets you keep the upside, and pays you a lot less.

Staking: 10 SOL over 90D = $17 (0.15SOL earned)
Covered call: 10 SOL over 90D = $53.49 (19% APY)

If SOL doesn't hit $136 in 90D (around New Years), covered calls wins.

Play around with your yield potential on @leaps_finance

[UltraLP (now @Leaps_Finance) @UseUltraLP]

@met_lparmy @MeteoraAG

[UltraLP (now @Leaps_Finance) @UseUltraLP]

We're shutting down UltraLP permanently next week. The @RPS_AI team has been working on @leaps_finance, a Solana defi platform that lets you earn yield from selling options on crypto assets. We'll be launching the platform shortly.

@richardkingxyz will be reaching out to our users to thank them for their support, while introducing our next chapter.

Thank you for your support.

- RPS team

[RichKing | Leaps Finance @richardkingxyz]

Its a difficult pill to swallow, but we're thinking about shutting down @UseUltraLP.

In the early days launchpad wars on Solana, and frothy volatility, it was evident that professionalization of on-chain liquidity provision was the next step. Current AMMs needed to focus on UX, security and growing the market. This meant less attention to reliable infrastructure for institutional grade on-chain market making.

We spent 6 months building UltraLP, initially a LP copilot on @MeteoraAG to help LPs manage positions with real time data. In the background we also indexed @Raydium @orca_so with goals to become an AI liquidity engine for Solana.

We quickly grew. Over the last year and half we collected 8TB of fine grain Solana AMM data down to the positional level, had 2500+ users managing over $60M TVL. Built on our own custom indexing solution on bare metal that had milisecond refresh times. The downtimes that many platforms experienced during solana:6p6xgHyF7AeE6TZkSmFsko444wqoP15icUSqi2jfGiPN and $MELANIA launches challenged our platform, but it was solid. We were invited by Wintermute to visit their office in London to learn and discuss more about market making. Then we started building mid-frequency quantitative strategies on top of Meteora and Drift, targeting 15-25% APY.

As we built these strategies, early days had promising results. The math was solid. Backtests were positive. We talked to investors and family offices, people were very interested in competitive and low risk yield natively on Solana defi. We had 7 figures in commitments in a few days.

Even 10/10 hit our risk engines and things did not break.

But as we continued, more stress tests came, and it slowly became obvious that infrastructure and platforms we were relying on wasn't in a place where we could safely and reliably scale institutional capital - at least not as a 'meta platform' built with 'meta infrastructure' - relying on other contracts and infra to execute.

Our cracked Serbian engineers had tried hard to build backups upon backups on top of other's infrastructure to make do. We joked that we built the Hydra of defi for quant strategies. If one component failed another took its place.

But the essence of it was that it a space station hurdling through an asteroid belt where the connections were solid, but the components may fail at any time, AND environment danger level: extreme.

This was a painful realization.

Pushing harder into it would have meant taking risks that weren't compatible with the "hedge fund grade" standard we set for ourselves.

The Drift incident occurred shortly after. And I thanked our previous selves for the prudence. The sanctity of user deposits takes precedence to experimental growth.

After alls said and done, we learned what on Solana we can rely on: the chain, the ecosystem and its users - a bulwark of crypto.

We also knew what was missing: the 7 figures in interest in competitive yield on defi that needed a tuneable risk knob, that came in just a few days, was still unserved.

So instead of relying on others, we decided we're going to build our own venue. One thats not reliant on just volume of memecoin runners, or subject to impermanent loss.

The hyperliquid of options markets on Solana.

@leaps_finance

In 2026, options are a piece of ancient Solana history, but we think its about time to bring a progenitor of derivatives back. Starting with an one sided marketplace: earning yield through selling volatility, and then gradually to a full ledged defi options platform, powered by the same AI liquidity engine we were building on day 1.

We think the act of earning high competitive yield through covered calls and cash secured puts is a more defi native experience that can bridge us into full fledged options trading in the near future. (after all, you all hold SOL right?)

In the next few weeks we'll be shutting down UltraLP.

Thank you to the many users that supported us. Now RPS will be 100% focused on this Leaps.

Build on!

[Meteora @MeteoraAG]

You shouldn't need multiple transactions to start earning fees; you just need one.

Introducing the new Create UI.

One simple flow to set up your pool, add liquidity, visualise your bins and create your position.

Create a pool now: https://t.co/YHUrVwLgym

[dfm @DEFImoneysniper]

i think per position + overall over time with line graph are inciteful seperately.

@FabriqTrade @UseUltraLP @lpagent_io @track_lp_ @razzaer