Ribbon Announces Go-Live $AAVE Strategy Pool

TokenInsight news, Ribbon, an options-based structured product, announced the launch of the $AAVE strategy pool. The strategy pool uses a similar strategy to the Ether Covered Call, selling out-of-the-money vanilla options on a weekly basis, earning royalties, which are then reinvested in subsequent weekly operations, compounding and thus providing high returns. In addition, $AAVE is the first Ribbon backed non-bitcoin ethereum asset. The strategy pool is currently capped at 15,500 $AAVE, and users can deposit their $AAVE into the Ribbon to earn income.
Source

Aave

Options

Related News
Aave Companies Rebranded to Avara Aave Companies Rebranded to Avara
Aave Pasued v2 Market on Ethereum and Freeze Assets in v3 Market on Arbitrum and Optimism Aave Pasued v2 Market on Ethereum and Freeze Assets in v3 Market on Arbitrum and Optimism
Lookonchain: Curve Founder Michael Egorov Repays All Debt on Aave Lookonchain: Curve Founder Michael Egorov Repays All Debt on Aave
Aave Pauses $GHO Minting due to Technical Issue Aave Pauses $GHO Minting due to Technical Issue
Options Trading Protocol Lyra Finance to Launch OP Stack-Based Lyra Chain Options Trading Protocol Lyra Finance to Launch OP Stack-Based Lyra Chain
Latest News More More
EigenLayer Raised $100M From a16z
StarkWare Amended $STRK Token Unlock Schedule Amid Critisism
14 Hours Ago Starknet Token Dumped by Nethermind and Airdrop Farmers
20 Hours Ago Wormhole to Use AMD's Chip to Facilicate Cross-chain Messaging
20 Hours Ago S&P Global Predicts $ETH ETF Approval in May, Raises Concern over Staking Concentration Risk
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open