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.
