The DeFi derivatives protocol Ribbon Finance has launched an options exchange on Ethereum

2022-09-28 15:40:15

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Chain Catcher news, the DeFi derivatives protocol Ribbon Finance has announced the launch of the Ethereum-based options exchange Aevo. The first version will only offer ETH options trading, with other cryptocurrencies to be launched in the coming months.

Chain Catcher reported in March this year that Ribbon Finance completed a $8.7 million Series B funding round, led by Paradigm.

It is reported that Ribbon is an on-chain structured product that helps retail investors benefit more easily from the complex world of crypto derivatives. Investors deposit WBTC or ETH into a treasury that automatically executes a "bullish" options strategy, where the strike price is above the current asset price. Ribbon executes bullish options once a week and collects premiums. (Source link)

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Ribbon DeFi options

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