Abracadabra Partners with Ribbon Finance to Test Options Offering

Aug 12,2022,11:15

Stablecoin protocol Abracadabra announced that it has partnered with structured wealth management product protocol Ribbon Finance to start a small test of options offering. Ribbon will write 25% OTM call options with a one-month expiry against Abracadabra treasury. Currently, the options are only available to Ribbon beta partners. Abracadabra said that if the test is successful, it will open up a governance vote for a larger allocation to the options strategy.

Source

Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms here

LastAxie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0Axie Infinity Launches Origin Season 0