Friday, January 28, 2022
Home Crypto News Market AVAX Holders Will Now Be Able To Earn Yield On AVAX Through...

AVAX Holders Will Now Be Able To Earn Yield On AVAX Through Ribbon’s Avalanche Covered Call Vault

- Advertisement -

Ribbon Finance, a new protocol that creates crypto structured products for DeFi, is excited to announce its first step into Ribbon’s multi-chain future with deployment on Avalanche.


The company noted via its medium post:

“Ribbon was platform-agnostic from day 1. Although we initially launched Ribbon on Ethereum, we had always planned to deploy Ribbon on every chain, and let every community use the product.”

Ribbon Finance reported that the first product they planned to launch on Avalanche is the AVAX Covered Call vault, a product that lets users earn a yield on their AVAX through selling call options.

“The product is live now and the vault will start the option-selling strategy this Friday, 17th of December.”


The company while sharing its vault cap and strategy said that they have planned to cap the AVAX Vault at 100,000 AVAX. In the coming weeks, the cap might be raised if it gets filled.

“This vault runs a similar strategy to the ETH Covered Call vault on Ethereum. It sells a weekly 0.1delta out-of-the-money call option to generate yield.”

The business has also shared the reference link with its users to see the historical performance of ETH Vaults in the post.

Ribbon Finance felt pleased to welcome the Avalanche enjoyers to Ribbon by saying:

“Avalanche is fast, cheap, and has an extremely vibrant community. We are excited to welcome the Avalanche enjoyers to Ribbon.”

- Advertisement -
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

FLOKI Partners With Crypto Education Specialists TechTree to Build the Premier Crypto Educational Platform “Floki University”

Floki Inu (FLOKI) recently declared via tweet that it has partnered with TechTree, the core educational platform for crypto and De-Fi - a core...

Crypto Relief India has decided to move $100 Million USDC Back to Vitalik Buterin Wallet with the Intention to Accelerate Relief Efforts in India

Sandeep Nailwal, a cofounder of Polygon (MATIC) and founder of Crypto Relief, has just posted a CryptoRelief Update via his official Twitter handle. According to...

Ripple Supporters May Wait Until Next Year Before SEC Lawsuit Will End

John Deaton said Ripple supporters may have to wait until next year before a verdict is given in the  lawsuit filed by the Securities...

DeFi Wallet Ambire Gains Momentum, Launches $WALLET Token on Huobi Primelist

Sofia, Bulgaria, 28th January, 2022, — DeFi-focused crypto wallet by Ambire is launching its much anticipated governance token on the Huobi exchange. Ambire...

Celebrate Lunar Spring Festival With Theme: A Holiday For Some, Rewards For Everyone. wishes all its users a very happy Lunar Spring Festival! May the year of the Tiger bring you health, wealth, love, and prosperity.

Bradenton Hot Dog Restaurant Embraces Dogecoin As Payment

A Bradenton restaurant named Willy-Yums has announced that customers can now pay for their favorite hot dog sandwiches using popular cryptocurrency dogecoin (DOGE). 

Some Major Thing Coming For SHIB, Shiba Inu Team Teases: ‘Something Is Cooking, Will You Be Ready’

Nowadays, Shiba Inu (SHIB) teases its holders and followers with new surprises. window.coinzilla_display = window.coinzilla_display || ; ...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.