Ribbon Finance Research Reports

OptionsRibbon Expands to Options DEX With Aevo
By
Anil Lulla•
DeFi options have failed to take off. While we can point to the success of dYdX as a blueprint for perpetuals, or GMX for synthetic margin trading, there is no single DeFi options venue that has achieved scale in a meaningful way.

Macro & MarketsDelphi Office Hours Call (December 15th, 2022)
By
Anil Lulla•
Join us as we discuss the recent CPI print, concentration of volume in DEXs and NFTs, daily active users of prominent dApps, the veToken model, and more.

OptionsThe Year Ahead for DeFi
By
Anil Lulla•
In this report, we look to highlight some key opportunities and challenges for DeFi and spell out the reasons we remain optimistic that DeFi will thrive.

Structured ProductsThe Emergence of Principal-Protected Yield in DeFi
By
Anil Lulla•
After two years of free money, DeFi yields have fallen to unimpressive levels. The days of depositing stables into a Yearn vault for 20% APY seem long gone. Crypto yields are now struggling to compete with government bonds. Users have been forced to venture further out on the risk curve to generate worthwhile returns. This usually entails prolonged exposure to cross-chain bridges and obscure yield farms – a recipe for disaster. Principal-protected vaults are an emerging niche of DeFi structured products that attempt to provide risk-averse investors with yield that compares to more aggressive strategies elsewhere.

DerivativesMonthly Chartbook - Falling Out of the Merge
By
Anil Lulla•
This month’s Monthly Chartbook focuses on the macro outlook, market structure & on-chain observations, L1s, L2s, & DeFi analysis, and an NFTs & gaming sector breakdown.

OptionsIs Zeta the Solution to On-Chain Options?
By
Anil Lulla•
Table of Contents The Rise of Zeta Problems With On-Chain Options and Zeta’s Answer The Secret Sauce Demystifying Strategy Accounts […]
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