# 3Jane: Derivatives Yield on EigenLayer

By [3Jane ](https://paragraph.com/@3jane) · 2024-05-16

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Introduction
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3Jane is a crypto-native derivatives protocol built on EigenLayer. 3Jane enables the _collateralization_ of any EigenLayer _restaked asset_ in derivatives contracts ([inspiration](https://mirror.xyz/0x6F75b5FD6DD8aAbbEBCD2d186a6e0386E3e2B0EB/rcEbyaNa9NDhUHuDYBHpDboSuyfPlCUyFqAEnYQnfNI)). 3Jane unlocks a novel derivatives yield layer for the EigenLayer ecosystem, allowing native restakers, liquid restakers, and LRT holders to earn _derivatives yield_ in addition to _staking_ and _restaking_ yield. 3Jane represents a broader _necessary_ evolutionary step for EigenLayer toward financialization.

Financialization of EigenLayer
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EigenLayer v1 is about building out the trust network boilerplate infra to support generalizable validation of any software module. As such, the past six months were defined by a golden age of building out other AVS infra (i.e. chains, DA’s, bridges, oracles) that then borrows EigenLayer security to enforce validation. However, as of now restaked assets are entirely _unproductive assets_ that earn _0% APY_ from said PoS systems. Enter [Derivatives Yield](https://mirror.xyz/0x6F75b5FD6DD8aAbbEBCD2d186a6e0386E3e2B0EB/VrpQb1RsKDnGLp69cpvok91Yjj7AoHs2-KvU8eDRIgQ).

### Derivatives Yield: The New ETH “Farm”

![](https://storage.googleapis.com/papyrus_images/caa4666d844f415b20d33c3561fb4081575a1c03e73f43a150d534c194389782.png)

3Jane allows users to generate enhanced yield, without any opportunity cost, through the financialization of EigenLayer assets in derivatives contracts. By doing so, 3Jane unlocks a novel yield layer for ETH-denominated assets through _options_. Users simultaneously earn:

1.  _collateral yield_ (ETH Mainnet PoS staking, AVS PoS restaking)
    
2.  _options yield_ (ex: call option premiums)
    

Depositors can wrap LRT’s in 3Jane and begin accruing options premiums yield, earning up to 15% APR in _ETH_ terms in addition to staking and re-staking yield.

If the past six months were a golden age for _infrastructure_ then next six months will be a golden age for anything EigenLayer _financialization_. 3Jane will simply swallow the entire restaking industry.

Mainnet coming soon.

Follow the 3Jane protocol [twitter](https://twitter.com/3janexyz) and join the [telegram](https://t.me/three_jane)!

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_3Jane will_ **_not_** _be offered to persons or entities who are U.S. Persons, Restricted Persons, or Sanctioned Persons. Access and use by such persons is expressly prohibited._

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*Originally published on [3Jane ](https://paragraph.com/@3jane/3jane-derivatives-yield-on-eigenlayer)*