> For the complete documentation index, see [llms.txt](https://docs.ribbon.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ribbon.finance/ribbon-earn/ribbon-earn-usdc/vault-specifications.md).

# Vault specifications

* Option Tenor: 7 DAYS 
* Upside Barrier: variable (10 delta)
* Downside Barrier: variable (10 delta) 
* Strike Price: 100%
* Capital Protection: 100% 
* Base APY: 2.00% 
* Max APY: 9.91% 
* Barrier Type: EUROPEAN (OBSERVED AT MATURITY) 
* bIB01 Allocation: 100%