I am having some difficulty understanding VXTY futures and how they are priced. The contract specs say it is priced off of OZN options (10yr UST futures options). I understand there is a premium received by options sellers and there is no premium received from a futures contract seller, and the differences in the futures contract price represent carrying cost, borrowing cost, etc.
My question is, do you receive a premium (even if implicitly) from selling VXTY futures since it is a futures contract priced off options?
The additional level of abstraction to get from OZN options to VXTY futures is where I get lost with respect to the fundamentals of derivatives pricing.