Payung

Protect your downside.
Keep your upside.

Say what you're afraid of losing. Payung turns it into a real, live-quoted protected price for your crypto, without selling it or learning options jargon.

Powered byThetanutsBase

You say

“Keep my 1 ETH worth at least $2,300 for the next two weeks.”

Payung reads it as

1 ETH$2,300 protected price14 days

And buys

A live Thetanuts put on Base: $2,300 protected price, settled on-chain.

How Payung works

01

Tell us your goal

Tell Payung what you need protected, in plain language.

"I need my 1 ETH worth at least $2,300"
02

Payung finds protection

We read the live Thetanuts book and show you the best match, priced.

Live market data
03

Confirm & protect

See the payoff, check it, sign it from your own wallet.

On-chain proof

Why Payung

Keep your ETH

Your crypto stays in your wallet the whole time. Payung never takes custody.

Live pricing

Quotes are sourced from live Thetanuts option markets, not estimates.

No options expertise

State a goal in plain English. Payung translates it into the right contract.

On-chain proof

Every protection is a verifiable on-chain position on Base.

Ready to protect your crypto?

Your goal, translated into live on-chain protection in minutes.

Protect my crypto