Ribbon on Avalanche

Ribbon Finance
2 min readDec 15, 2021

Ribbon was platform agnostic from day 1. Although we initially launched Ribbon on Ethereum, we had always planned to deploy Ribbon on every chain, and let every community use the product.

Today, we are making our first step into Ribbon’s multi-chain future with a deployment on Avalanche.

AVAX Covered Calls

The first product that we are launching on Avalanche is the AVAX Covered Call vault. In short, this is a product that lets users earn yield on their AVAX through selling call options. This product is live today, and the vault will start the option-selling strategy this Friday, 17th of December.

Start depositing your AVAX here now!

Vault Cap & Strategy

To start, we will be capping the AVAX Vault at 100,000 AVAX. Over the next few weeks, we will be raising the cap if it gets filled.

This vault runs a similar strategy to the ETH Covered Call vault on Ethereum. It sells a weekly 0.1delta out-of-the-money call option to generate yield. To see how the ETH Vaults have performed so far, see the historical performance here.

Connect With Us

To stay updated and be notified when the vault launches, follow us on Twitter and join our Discord!

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