> For the complete documentation index, see [llms.txt](https://bonsaistrike.gitbook.io/bonsai-strike/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bonsaistrike.gitbook.io/bonsai-strike/bonsai-strike/introduction-to-bonsai-strike.md).

# Introduction to Bonsai Strike

### DeFi Options Vaults (DOVs)

DeFi Options Vaults, also known as DOVs, can be used by crypto holders to generate yield on their coins. Users deposit their coins into the vaults via smart contract. The vaults then sell options on the coins and receive a premium for doing so. These premiums are reinvested into the strategy over time to sell even more options, providing depositors with compounding yield.

At launch, Bonsai Strike will have a DOV running a covered call selling strategy on BNB:

1. [Covered Call Selling:](https://www.investopedia.com/terms/c/coveredcall.asp) each week the vault sells [OTM](https://www.investopedia.com/terms/o/outofthemoney.asp) (out of the money) call options on all deposits. The strikes are algorithmically selected to maximise the risk-reward ratio.

### Benefits of Bonsai Strike

* Built on Binance Smart Chain - low transaction fees and high transaction speeds, providing equal access to all regardless of size.
* Passive access to best-in-class yield generation strategies.
* Convenient and easy deployment. 
* Automated yield generation with weekly compounding.
* Full Transparency - funds are verifiably stored on-chain, strikes are selected algorithmically & premiums are also calculated and paid out on-chain. Don't trust, verify.

### Communication Channels

Stay up-to-date and learn more about Bonsai Strike on our 

[Twitter](https://twitter.com/BonsaiStrike)

Discord

[Telegram](https://t.me/BonsaiStrike_Vault)