What is Ribbon Finance?
The Ribbon Finance token or RBN is the utility token powering Ribbon Finance - a DeFi-based structured products provider running on multiple blockchains.
The core utility behind RBN is governance.
There is a max cap of 1,000,000,000 RBN which makes Ribbon Finance deflationary. This could mean that as RBN becomes more scarce, the RBN price will increase.
Since RBN is a cryptocurrency, it can be volatile. In order to make an informed purchase decision, you can have an in-depth look at the Ribbon Finance price history or the current RBN price on the graph above.
What are the Main Features of Ribbon Finance?
Ribbon Finance is a blockchain-based platform that provides structured products.
Structured products are a type of pre-packaged financial instrument. In the case of Ribbon Finance, its risk-return objective is dependent on the combination of a fixed income, futures, and options.
One of the core products of Ribbon Finance is Theta Vault. The latter earns yield via an automated options selling system. To achieve this, it utilizes a covered call strategy which brings weekly yield.
It’s important to note that this type of system has its downsides as well. Mainly, it could result in a negative ETH yield.
As discussed in the What is Ribbon Finance section, Ribbon Finance is a multi-chain project. It’s running on Ethereum, Solana, and Avalanche.
Ribbon Finance has been audited by ChainSafe, OpenZeppelin, Peckshield, and Quantstamp. Their audit reports are publicly available for anyone to review.
When was Ribbon Finance Launched?
The Ribbon Finance crypto project was launched in early 2021.
Its core investors include Paradigm, Dragonfly Capital, Ethereal Ventures, Coinbase Ventures, Nascent, Robot Ventures, Scalar Capital, and Alliance.
