The Ribbon Protocol uses derivatives like options to generate sustainable, risk-adjusted yield. Users just deposit their assets, and let the smart contracts do the rest.
All Ribbon products are not US Cleared
Paradigm’s leg pricing methodology attempts to take the quoted strategy prices as entered by the maker and calculate individual leg prices subject to the following broad constraints:
Calculate leg prices as close to the mark as possible
Leg prices must be in increments of minimum tick size
Leg prices must be within the Min and Max prescribed by the exchange for each leg
For options strategies, leg prices must preserve delta relationships:
Paradigm fees are 4 bps on notional volume, not to exceed 12.5% of premiums.
To participate in Paradigm auctions, bidders need to approve their wallet / tokens beforehand. Follow the instructions on Ribbon’s website to approve your wallet / tokens.
Navigate to Paradigm Admin
Click “Ribbon” under “Derivatives (listed)” and navigate to the Account Tab (default tab currently)
Click "Add +" in the top right corner
Paste in your Swap Address: On the Ribbon Wallet Approval page (link here), click on the icon next to “Paradigm” to open Etherscan. Your Swap Address is the hash next to “Contract”
Paste in your Bidding Token Address: On the Ribbon Wallet Approval page, click on the icon next to the coin that you’ve approved to open Etherscan. Your Bidding Token Address is the hash next to “Contract”
Paste in your Wallet Address
Please refer to the specific DeFi vault documentation for information about restricted jurisdictions
* Other jurisdictions may be (partially) restricted.