StrikeAndYield crib sheet · information and education only

Digital Assets

Cryptoassets and their derivatives — spot coins, perpetual futures and exchange-traded wrappers.

The shelf — 10 instruments

CBDC	Central bank money in digital form, held directly by the public. Not a cryptoasset in any meaningful sense — and potentially the largest change to bank funding in a century.
Crypto ETP / ETF	Crypto without the keys: bitcoin and ether wrapped into ordinary brokerage-account securities.
Crypto Spot	Bearer assets on public ledgers — a new asset class still arguing about what it is.
NFT	A unique token recording ownership of a pointer. A genuine technical primitive, a completed speculative cycle, and the clearest recent lesson in what a claim actually consists of.
Stablecoin	A dollar that settles like crypto: the token that pegs itself to fiat and quietly became the plumbing of the entire digital-asset market.

Liquidity Pool Position	Deposit two assets, earn a share of the trading fees, and discover that your position quietly rebalances into whichever one is losing.
Staking & Liquid Staking	Earning the blockchain's own interest rate — and the token that made locked collateral liquid, basis risk included.
Tokenised Treasury	A government bond fund with a blockchain wrapper. The yield comes from the bills; the token contributes settlement speed and a new set of failure points.

Crypto Option	Calls and puts on bitcoin and ether — vanilla mechanics, triple-digit volatility.
Perpetual Future	Crypto's native derivative: a future that never expires, tethered to spot by a funding rate.

Liquidity and market depth — Thin books make every other force larger
Leverage in the system — Liquidation cascades are the dominant short-term mechanism
Regulatory decisions — A single ruling can change what may be held, and by whom
Protocol and supply mechanics — Issuance schedules are written in code and public
Stablecoin plumbing — It is the funding market of this asset class
Correlation with risk appetite — Higher than the story suggests

Continuous	There is no close
Protocol-scheduled	Issuance changes and upgrades
Periodic	Funding-rate resets on perpetual contracts
On the ruling	Regulatory and legal decisions
Month end	Options expiry

Counted from the same table each product page prints. Not a rating and not a ranking: there is deliberately no total.