The DeFi options market is very young and cumulatively has less than $200m in total value locked. Over the past four months, a synergistic relationship has developed between Ribbon Finance, a structured product provider, and Opyn, an on-chain options protocol. These two protocols account for over $100 million in TVL and $90m worth of on-chain options volume weekly. This TVL and volume can be attributed mainly to Ribbon’s first line of products – the “Theta Vaults”.
Disclosure: Members of our team have farmed RBN. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token. This content is for informational purposes only, and you should not make decisions based solely on it. This is not investment advice.
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