Ribbon Finance Delayed This Week's Option Sale

TokenInsight news, Ribbon Finance, a structured product protocol on Ethereum, said that this week's option sales will be deferred to next Monday as the Prophecy Machine failed to push the execution price of Opyn in time. It also said that the amount settled in the vault last week did not receive any impact and that it will close the current contract and fund the new one for execution on Monday. Ribbon Finance is an option-based structured financial product protocol, users only need to deposit funds, Ribbon Finance will be through the decentralized options trading platform on Ethereum (Opyn), casting and selling options with low probability of exercise, in order to earn royalties to generate revenue for users.


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