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Opyn Options With Ribbon

Aug 11, 2021 · 7 min read

By Duncan Reucassel

The DeFi options market is very young and cumulatively has less than $200m in total value locked. Over the past four months, a synergistic relationship has developed between Ribbon Finance, a structured product provider, and Opyn, an on-chain options protocol. These two protocols account for over $100 million in TVL and $90m worth of on-chain options volume weekly. This TVL and volume can be attributed mainly to Ribbon’s first line of products – the “Theta Vaults”.

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