Ribbon Announces Go-Live $AAVE Strategy Pool

TokenInsight news, Ribbon, an options-based structured product, announced the launch of the $AAVE strategy pool. The strategy pool uses a similar strategy to the Ether Covered Call, selling out-of-the-money vanilla options on a weekly basis, earning royalties, which are then reinvested in subsequent weekly operations, compounding and thus providing high returns. In addition, $AAVE is the first Ribbon backed non-bitcoin ethereum asset. The strategy pool is currently capped at 15,500 $AAVE, and users can deposit their $AAVE into the Ribbon to earn income.
Source

Aave

Options

Related News
Aave proposal considers activating fee switch and buying back tokens from open market Aave proposal considers activating fee switch and buying back tokens from open market
Aave Plans to Launch own Blockchain After V4 Upgrade Aave Plans to Launch own Blockchain After V4 Upgrade
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
Aave Companies Rebranded to Avara Aave Companies Rebranded to Avara
Latest News More More
22 Hours Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
3 Days Ago TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
6 Days Ago Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open