Ribbon Finance Announced to Launch a Lending Platform

Protocol for option strategy Ribbon Finance has announced that in the next few weeks, it will introduce Fuse Pool, a lending platform where users may deposit their treasury tokens and borrow out stablecoins, a feature that is estimated to contribute $100 million in TVL. Today, we are super excited to announce a new feature that will significantly boost capital efficiency in Ribbon! We are enabling users to borrow against their Ribbon vault positions, powered by a @RariCapital Fuse Pool and Uni V3 oracle, powered by @GammaStrategies 🚀 pic.twitter.com/nauZlRLcaz — Ribbon Finance (@ribbonfinance) April 21, 2022 To provide a sustained, risk-adjusted yield, the Ribbon Protocol employs derivatives such as options. Users simply deposit their valuables and leave the rest to the smart contracts. Borrowing against your Ribbon Vault positions opens up a world of possibilities. Users can now deposit into Ribbon, borrow stables, and lend in Maple, or lever up for a greater APY on the same covered call vault.The post Ribbon Finance Announced to Launch a Lending Platform first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Ribbon Finance Announced to Launch a Lending Platform appeared first on Cryptoknowmics-Crypto News and Media Platform.