insurance fund

On March 17th, the Ribbon DAO proposed to lend $1 million to its option trading platform, Aevo, to help the latter launch an insurance fund. The proposal proposes that the Ribbon DAO loan $1 million to Aevo in the form of a USDC, with interest charged at an annual interest rate of 10%, and be paid after 12 months. Insurance funds will enhance the confidence of large traders in trading on the option trading platform Aevo. Ribbon DAO proposes to lend $1 million to Aevo, an option trading platform, to help launch its insurance fund Analysis based on this information:The Ribbon DAO recently made a proposition to lend $1 million to its option trading platform, Aevo, to establish an insurance fund, with the primary goal of enhancing the confidence of large traders in using the platform. The proposal states that the loan will be in the form of USDC, and the interest will be charged at 10%, which will need…