> For the complete documentation index, see [llms.txt](https://teragon.gitbook.io/teragon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://teragon.gitbook.io/teragon/teragons-three-pillars/hypercubes/worst-of-put-vault.md). # Worst-Of Put Vault Optimizing Option Yield ### What is a Worst-Of Put Vault? This strategy allows users to generate higher yield compared to the more simple DOV. The strategy sells a ‘worse-of’ put option on a basket of tokens. Worst-of put option is a complex option product that gives the buyer the right to exercise a put option on the worst performing asset in the basket. This means the premium received will be higher than the put option on any single constituent token of the basket. ### Implementation Example * ETH+BNB+GCI Worst of Put option Vault on BSC * User deposits BUSD in the Vault * The Vault auctions off a worst-of put option * If the put option is not exercised, then the user receives premium in BUSD * If the put option is exercised then the user will receive equivalent ETH, BNB or GCI – whichever is the cheapest to deliver at the time of expiry. ### Coming Soon