January 24, 2022, 1:09PM EST
• 5 min read

Ribbon Finance: automated options selling strategies

Quick Take

  • 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.

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