Ribbon Finance Launches $APE Call Option Vault

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. Ribbon Finance currently caps the vault at 500,000 $APE deposits.