Ribbon on Avalanche

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!

Website | Twitter | Discord | Forum

--

--

--

Crypto structured products on Ethereum 🎀

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Exploring the ICON Blockchain: Aegis

Alaska Inu Bounty Programme

What to mine with 4GB GPUs?

Developer grant program!

DECODING MINDS — An Interview With Sahil Dewan, Co-Founder, Harmony.One

Crypto Pirates Integrates Chainlink VRF to Help Ensure a Fair NFT Minting Process

The Zecrey Protocol: Maintaining Privacy in the Smart Contract World

Welcome to the DARQ Age

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Ribbon Finance

Ribbon Finance

Crypto structured products on Ethereum 🎀

More from Medium

[Weekly] Market Return on StableCoin-based Strategies(24 Jan 2022)

Olympus Pro Recap: January 2022

Introducing Umami V2: A New Era

Are You $GMI? Introducing the Bankless DeFi Innovation Index