Ribbon Launches V2, Which Contains More Than $2 Million in Strategic Vaults
TokenInsight news, The Ribbon, an options-based structured product, has launched the V2 version of its product vault, which includes a $300 ETH Covered Call vault and a $25 BTC Covered Call vault.
On the Ribbon App, the vault page will have a handy link for users to "migrate" $ETH or $WBTC to the new V2 vault. There are no withdrawal charges for this migration. To encourage people to migrate to V2, the Ribbon team will reimburse gas for the first 100 migration transactions. The first option call auction will commence after closing on Friday, September 17, when proceeds will be paid to users.