# Worst-Of Put Vault

### What is a Worst-Of Put Vault? <a href="#docs-internal-guid-00fda8b2-7fff-b079-8943-e0e8ebcc0e98" id="docs-internal-guid-00fda8b2-7fff-b079-8943-e0e8ebcc0e98"></a>

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