TechFlow News — Ribbon Finance, a structured on-chain product, has raised $8.75 million in its Series B funding round led by Paradigm. Over the next six months, the project will focus on multi-chain deployment and expansion.
Ribbon is an on-chain structured product designed to help retail investors benefit more easily from the complex world of crypto derivatives. Investors deposit WBTC or ETH into vaults that automatically execute "call" option strategies with strike prices above the current asset value. Ribbon sells call options weekly and collects the premium.
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