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TheBlock 2022-01-24 18:09:09

Ribbon Finance: automated options selling strategies

Quick TakeRibbon Finance automates options selling to harvest and auto-compound premiums for its depositors, abstracting away the complexity of options writing.The strike price is currently selected by the team using backtested black-box algorithms, but the team has plans to decentralize the strike selection process.Total value locked on Ribbon rises steadily but is still dwarfed by existing yield optimizing protocols.

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