Ribbon Treasury Launch Partner: Perpetual Protocol

Today, we are excited to announce that we have officially launched Ribbon Treasury, a Ribbon product line for DAOs/treasuries to generate income on their native tokens. Our first launch partner is with Perpetual Protocol, the leading on-chain perpetual futures DEX.

Ribbon Treasury is Live

Ribbon Treasury is now live on Ethereum mainnet at https://treasury.ribbon.finance. However, we have kept access to Ribbon Treasury to early partners for now. Here’s a sneak peek of what the UI looks like under the hood.

Custom Strategy for Perpetual

The main selling point of Ribbon Treasury is that our team will work with you to create a custom strategy that is tailor made for your treasury. For example, we worked with the Perpetual Protocol team to customize a few parameters.

  1. Monthly expiries
    Instead of weekly expiries like Ribbon’s retail product, we have customized this vault to have monthly expiries — this lets the vault earn more premiums by selling longer-dated call options.
  2. 25% OTM strike selection
    Instead of the 10 delta methodology that the Ribbon’s retail products use, we have instead tweaked the strategy to sell call options 25% out of the money.
  3. Premiums paid in USDC instead of PERP
    Instead of having the premiums of the vault paid out in the same deposit currency, premiums for this vault are paid out in USDC. This lets Perpetual’s Treasury generate income that they can use to fund operations without having to sell PERP.

Seeded with >$1m of PERP

To start, Perpetual has seeded the vault with >$1m of PERP (200k PERP) as a trial run for the first month. The premiums earned for the first month was $17k, representing over 1% yield.

Looking Forward

We will continue to announce more partners of Ribbon Treasury over the upcoming months. For each new customer, Ribbon takes a 10% fee on yield generated which goes directly to the Ribbon DAO. This product line helps to build a very stable and consistent stream of income other than the fees of the existing retail products.

If you are interested in becoming a Ribbon Treasury partner, please reach out on Twitter or Discord.

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