The problem Payung solves

The Problem Payung Solves

Payung helps people protect the value of crypto they want to keep.

For example, imagine I own 1 ETH worth about $2,450. I need its value to stay above $2,300 for the next two weeks.

With Payung, I can simply say:

I need my ETH to be worth at least $2,300 in two weeks.

Payung finds a real put option from the live Thetanuts orderbook. It shows the actual price of the protection and the possible payout, then lets me buy it.

If ETH is below $2,300 at the deadline, the option pays cash to help cover the difference. I still keep my ETH, so I can benefit if its price goes back up later.

Why this is different from a stop-loss

A stop-loss sells the ETH when the price reaches a certain level. During a market crash, the sale may happen at a worse price because of slippage.

Payung does not sell the ETH. The protection is a separate contract, so I can keep ownership of my ETH while protecting its minimum value.

What the AI does

The AI understands the request and converts it into protection settings such as:

• the asset: ETH
• the amount: 1 ETH
• the minimum value: $2,300
• the deadline: two weeks

The AI does not predict the market or set the price. Pricing and execution come directly from the live Thetanuts protocol.

Challenges we ran into

While building Payung, we faced challenges connecting plain-language requests to live options and handling blockchain transactions. We solved this by using AI only to understand the request, while Thetanuts handles live pricing and execution. We also added checks for incomplete or unsupported requests.