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Apr 21, 2022
by Usha Yadav
Ribbon Finance Announced to Launch a Lending Platform
Protocol for option strategy Ribbon Finance has announced that in the next few weeks, it will introduce Fuse Pool, a lending platform where users may deposit their treasury tokens and borrow out stablecoins, a feature that is estimated to contribute $100 million in TVL.
To provide a sustained, risk-adjusted yield, the Ribbon Protocol employs derivatives such as options. Users simply deposit their valuables and leave the rest to the smart contracts.
Borrowing against your Ribbon Vault positions opens up a world of possibilities. Users can now deposit into Ribbon, borrow stables, and lend in Maple, or lever up for a greater APY on the same covered call vault.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.