Ribbon Finance: automated options selling strategies

Quick Take Ribbon Finance automates options selling to harvest and auto-compound premiums for its depositors, abstracting away the complexity of options writing. The strike price is currently selected by the team using backtested black-box algorithms, but the team has plans to decentralize the strike selection process. Total value locked on Ribbon rises steadily but is still dwarfed by existing yield optimizing protocols.

Timeline of Ribbon-finance