
On-chain structured product Ribbon Finance has launched the ApeCoin ($APE) Call Option Vault. Running a strategy similar to the $ETH Call Option Vault, the automated call option strategy is run weekly to earn the proceeds of $APE deposits while reinvesting the proceeds into the strategy, effectively increasing the depositor's yield over time. In addition, Ribbon closed an $8.75 million Series B round of funding led by Paradigm.