AAVE Covered Calls
Today we are excited to announce our non-BTC/ETH Ribbon Vault — the AAVE Covered Call vault.
This vault runs a very similar strategy to our ETH Covered Call vault. It sells out of the money call options on a weekly basis, and compounds the premiums into the following week. This way, users can generate high yield on AAVE.
We have currently capped the vault to 15.5K AAVE (~$5m) and will be expanding the vault capacity when it gets hit in the next few weeks.
Go to our app today to start depositing! The strategy officially will start on 5th November, around 11am UTC. The vaults are currently open for deposits before then.