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$1b Ribbon Theta Vault
January 6th, 2022
Ribbon has grown the adoption of on-chain option markets almost entirely by themselves, using the assumption that set-and-forget strategies which rely on sustainable yield (theta) will capture more users than the prospect of active participation in these option markets.
Tokenless AMM
December 19th, 2021
As the year ends, I spend my weekends writing long romantic letters to my accountant explaining the process of minting an NFT, fractionalizing it into a million tokens, and market making it across multiple AMMs.