What’s more, Ribbon will soon launch “Aevo”: an order-based DEX for options-enabled traders. It will be built on top of custom EVM rollups. Opyn - Long positions without liquidation Ribbon uses Opyn for its strategies, providing users with the opportunity to earn income and hedge their portfolios. Opyn’s main product is “Squeeth” (Squared ETH), which enables long positions without the risk of liquidation. In this system, longs pay a fee to maintain their position, while shorts receive funding from the longs but must maintain collateralization to avoid liquidation. #cryptotrading #bitcoindifficulty #crypto2023