Showing 2 Result(s)

Ribbon Finance: automated options selling strategies

January 24, 2022, 1:09PM EST • 5 min read 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. Join The Block Research for exclusive research like this …

Crypto derivatives platform Paradigm nabs $400 million valuation in funding round

Paradigm — a player in the crypto derivatives market — is the latest digital asset trading firm to tap into the wave of capital pouring into the market. On Thursday, the firm announced the close of a funding round that values it at $400 million. Launched in 2019, Paradigm provides a platform for dealers and market makers to execute large trades in options and futures to settle across a wide-range of venues. As per Thursday’s announcement, the firm has raised …