Distribution

Premiums settle when an options cycle expires. After the protocol fee, the insurance fund contribution, and the LP reserve are taken out, the rest is distributed pro-rata to lenders.

Distribution runs every Monday at 9:00am ET, for the cycle that closed the prior Friday. The distribution view in the app shows exactly which cycles contributed to your payout, the gross premium, any assignment outcomes, and the net per-lender figure. There is no opaque "yield" line item; everything reconciles cycle by cycle.