Ribbon Launches Vaults On Solana With Zeta Markets

Zeta Markets
3 min readJan 26, 2022

Ribbon on Solana

One of the advantages of building derivatives infrastructure on Solana is the ability to release the most cutting edge features in DeFi, creating the conditions to attract the most esteemed and talented protocols in DeFi.

Today we’re thrilled to announce we’re bringing the largest DeFi structured products provider to Solana. With over $250m of TVL, Ribbon has sold over $3 Billion notional of options in the last year through their flagship products.

What are DeFi Structured Products?

DeFi structured products provide users with a simple way to get exposure to an automated options strategy. They are typically referred to as DeFi Options Vaults (DOVs) and have exploded onto the scene in recent months, becoming a popular way to earn sustainable yield.

DOVs are a relatively new development in DeFi, and are still navigating operational complexities behind the clean user interfaces they provide. With Zeta’s mainnet launch, we’re offering a suite of products that remove many of those operational burdens, providing an automated end to end process for DOVs and counter-parties alike.

Ribbon and Solana

Ribbon is best known for offering its user friendly ‘Theta Vaults’, providing structured products on both Ethereum and Avalanche. As they continue to make progress on their multi-chain expansion, we’re happy to have them leveraging Zeta’s infrastructure to mint and auction DeFi options for their Solana Vault strategies.

“It’s exciting to see one of the top DOVs launch on Solana.”

Darius Sit, Co-Founder of QCP Capital

Solana’s performance advantages make it possible for Zeta to offer a range of features and primitives that are familiar to traders on centralised exchanges, many of which are not possible on Ethereum Virtual Machine (EVM) compatible chains. We hope to be able to expand the feature set available for vaults like Ribbon so that they can continue to innovate and ultimately attract more users.

How will it work?

Ribbon will leverage Zeta to facilitate block trades OTC, providing a central and clean way for composing projects such as vaults to mint options and auction them to market makers. Premiums earned from the sale of options are paid to the vault depositors, and settlement is cash settled at expiry.

How will I use It?

To use the product, connect your Solana wallet and choose a strategy that best suits your needs. Once deposited, the protocol will take care of the rest.

When will this be available?

We expect this to be live for Ribbon users on the 11th February 2022.

About Ribbon Finance

Ribbon uses financial engineering to create structured products that deliver sustainable yield. Ribbon’s first product focuses on yield through automated options strategies. The protocol also allows developers to create arbitrary structured products through combining various DeFi derivatives.

Discord: https://discord.com/invite/ribbon-finance

Twitter: https://twitter.com/ribbonfinance

Docs: https://docs.ribbon.finance/



Zeta Markets

Zeta Markets is the premier under-collateralized DeFi derivatives exchange, providing liquid derivatives trading to individuals and institutions alike.