Abracadabra Partners with Ribbon Finance to Test Options Offering

Stablecoin protocol Abracadabra announced that it has partnered with structured wealth management product protocol Ribbon Finance to start a small test of options offering. Ribbon will write 25% OTM call options with a one-month expiry against Abracadabra treasury. Currently, the options are only available to Ribbon beta partners. Abracadabra said that if the test is successful, it will open up a governance vote for a larger allocation to the options strategy.