Ribbon Finance introduces Aevo for Alt-coin Options Products

Ribbon Finance introduces Aevo for Alt-coin Options Products

DeFi protocol Ribbon Finance has introduced Aevo OTC, an on-chain trading platform for alternative cryptocurrencies, partnering with institutional-grade liquidity providers Galaxy, GSR, and Orbit for market-making services.

Aevo enables users to leverage and hedge against tail events by purchasing call or put options. Initially, Aevo OTC will support trading of 13 altcoins across weekly, biweekly, and monthly maturities, incorporating well-known cryptocurrencies like bitcoin and ether, as well as newer coins such as pepe, arbitrum, optimism, and aptos.

The platform features a dynamic margin system that necessitates a 30% USDC deposit from liquidity providers, with additional margin required from market makers based on mark-to-market values. Future plans for Ribbon Finance include a secondary market, exotic options, customized margin requirements for professional traders, and counterparty selection.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

DeFi

Derivatives

In This Article

Related News
Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days Solana Lending Protocol MarginFi saw $200M Users Fund Outflow in Two Days
The U.S. SEC Issued a Wells Notice to Uniswap The U.S. SEC Issued a Wells Notice to Uniswap
Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool Frax Finance to Allocate $250M Ethena's USDe to a New Liquidity Pool
Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders Aave Proposes to Implement a Fee Switch to Distribute Fees to Token Holders
Ethena Launched $ENA Token and Kicked off 2nd Incentives Program Ethena Launched $ENA Token and Kicked off 2nd Incentives Program
Latest News More More
6 Hours Ago Mining Pool ViaBTC to Auction the "Epic Sat" After Mined the Bitcoin Fourth Halving Block
6 Hours Ago Tether to Freeze Assets Related to Sanctioned Entities in Venezuela
6 Hours Ago Payment Firm Block to Develop a Bitcoin Mining System
1 Day Ago Tether Partnered with Telegram to Launch USDT Payment
1 Day Ago Bitcoin Layer 2 Stacks to Rollout Nakamoto Upgrade
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open