Calls vs. Puts

Ribbon offers both covered call and put-selling automated strategies. Between its four main pools (ETH and BTC covered calls, yvUSDC-ETH, USDC-ETH puts) what is the most popular strategy by TVL? Are put-selling strategies or covered calls currently more popular? Has that trend always been the case? Create a visualization showing this trend. Why do you think that is?

What is Ribbon Finance?

Ribbon Finance is a new protocol that helps users access crypto structured products for DeFi. It combines options, futures, and fixed income to improve a portfolio's risk-return profile.

What are options?

Options are contracts that give the purchaser the right, but not the obligation, to buy or sell a security, such as a stock or exchange-traded fund, at a fixed price within a specific period of time.

Ribbon Call analysis

(1). Average days in the BTC Call vault

(2). Average days in the ETH Call vault

(3). Daily change in TVL of BTC Call vault

(4). Daily change in TVL of ETH Call vault

Ribbon Put analysis

(1). Daily Deposits/Withdraws RibbonThetaVault ETH Put yvUSDC

(2). Daily Deposits/Withdraws RibbonThetaVault ETH Put

Conclusion

(1). Since the beginning of 2022 all of the Ribbon vaults, both calls and puts have had much more people withdrawing liquidity than adding liquidity to these pools.

(2). Both of The put vaults seem to be more active than the call Vaults this could be because there are less places to get exposure to puts on Ethereum.