# ETH++ Strategy Summary

Core activity:

* Trades ETH Options inside a range of protocols (Dopex, Premia, Hubble, Rysk etc)
* Then actively trade the delta ($ETH / $BTC / $LINK /UNI) inside GMX

ETH++ is structured similarly to GM++, using a similar framework for its investment decisions. Still, it adds a few additional strategies enabled by the “lego” of Dopex and similar protocols:

* Strategy 1: Buy/Sell ETH Options inside Dopex (Delta Neutral)
* Strategy 2: Possibly Hedge ETH Options delta inside GMX

Unlike GM++, which only trades two assets ($ETH and $GLP) within GMX, ETH++ also employs arbitrage strategies by buying or selling ETH and related tokens options, then hedging those options inside GMX.

ETH++ purchases/writes a variety of ETH options, such as Straddles, Atlantics, and Single-Sided Vaults (Dopex). Because ETH++ trades both upside and downside options, it’s designed to be, on average, market neutral.

Unlike GM++, which offers large payoffs once a certain threshold is breached, ETH++ is more conservatively aligned.

The ETH++ strategy is designed with a smoother return profile than our other vaults.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.d2.finance/docs/trading-strategies/eth++-strategy-summary.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.