January 24, 2022, 1:09PM EST
• 5 min read
Ribbon Finance: automated options selling strategies
- Ribbon Finance automates options selling to harvest and auto-compound premiums for its depositors, abstracting away the complexity of options writing.
- The strike price is determined using on-chain parameters and options are sold in an on-chain open auction permissionlessly.
- Total value locked on Ribbon rises steadily but is still dwarfed by existing yield optimizing protocols.