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Ribbon Finance

Ribbon Finance RBN Price $ 0.485

Rank: 450

962 Watchlists

DeFi

RBN Price

0.485
3.18%
($ 0.015)
Price Range
LowHigh
$ 0.463$ 0.485

Ribbon Finance (RBN) will merge with Aevo (AEVO) and the RBN token can be migrated to AEVO. For more information, please read this announcement: https://gov.ribbon.finance/t/rgp... Aevo token page: https://cryptorank.io/price/aevo

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

Description

Ribbon Finance is a new protocol that helps users access crypto structured products for DeFi

Ribbon Finance (RBN) Chart

Ribbon Finance price Index provides the latest RBN price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

RBN to USD Converter

Ribbon Finance (RBN)RBN

RBN Price Statistics

leaderboard

Market Cap

$ 81.31M

Fully diluted value

FDV

$ 484.99M

ATH Market Cap

$ 1.77B

24 Trade Vol.

$ 1.38M


Vol. (24h) / MCap

0.017

Max Supply

RBN 1,000,000,000

Total Supply

RBN 1,000,000,000

Circulating Supply

RBN 167.65M

(16.8% of Max Supply)

Listing Date

24 May 2021

All Time High

$ 5.49

7 Oct 2021


All Time Low

$ 0.124

18 May 2023


From ATH

91.2%

From ATL

290.9%

What is Ribbon Finance (RBN)?

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. Ribbon uses financial engineering to create structured products that deliver sustainable yield. Ribbon's first product focuses on yield through automated options strategies. The protocol also allows developers to create arbitrary structured products by combining various DeFi derivatives.

Core Products of Ribbon Finance:

  • Theta Vault. Theta Vault, which is a yield-focused strategy on ETH and WBTC. The vault earns yield on its deposits by running a weekly automated options selling strategy. The vault reinvests the yield earned back into the strategy, effectively compounding the yields for depositors over time. Currently, funds held in Theta Vaults do not generate any yield, aside from writing options. Every Friday, the vault converts 100% of its USDC balance into yvUSDC by depositing USDC into the Yearn USDC yVault. This helps depositors gain exposure to the yield generated from Yearn on top of the options strategy.

On July 2023, a pivotal governance vote took place resulting in the approval of RGP-33, a noteworthy proposal advocating for the integration of Ribbon into Aevo. This almost unanimous decision illustrates the congruence between the stakeholder vision and the Aevo team’s direction.

Ribbon Finance Price Today

Ribbon Finance's current price is $ 0.485, it has increased +3.18% over the past 24 hours.

Ribbon Finance's All Time High (ATH) of $ 5.49 was reached on 7 Oct 2021, and is currently -91.2% down.

The current circulating supply of Ribbon Finance is 167.65 Million tokens, and the maximum supply of Ribbon Finance is 1.00 Billion.

Ribbon Finance’s 24 hour trading volume is $ 1.38 Million.

Ribbon Finance's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 81.31 Million.

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