Ribbon Finance Settles First On-Chain Ether (ETH) ‘Autocallable’ With Marex and MEV Capital

The way it works: If, after one week, the ether spot worth is above the preliminary worth on the time of the commerce, the commerce terminates early, with the client receiving the preliminary funding plus the 0.5% coupon. If, on expiry, ether trades 15% decrease from the preliminary worth, the client stands protected, receiving the principal in full together with the coupon. Nonetheless, if the 85% safety barrier is breached (ether drops over 15%), the client takes the loss, which is compensated by coupons to some extent.