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Ribbon FinanceRBN
Ribbon Finance Price (RBN)
83,563,631 RBN
10.11%1,000,000,000 RBN
1,000,000,000 RBN
Ribbon Finance RBN Ribbon Finance (RBN) Chart
Ribbon Finance (RBN) Return On Investment(ROI)
What Is Ribbon Finance?
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.
The core products are Theta Vault and Theta Vault Yearn. 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. As for Theta Vault Yearn, 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.
What Is the Theta Vault?
Theta Vault is a new product that automates a covered call strategy to earn a high yield on ETH. The vault runs a covered call strategy and sells out of the money call options on a weekly basis for yield.
What Options Protocol Does the Theta Vault Use?
Theta Vault currently uses Opyn's infrastructure to mint and trade the options tokens on-chain. They chose Open because the protocol lets them create tokenized ETH options with custom parameters out of the box. This allows us to be flexible on the choice of strikes, expiries, and exchange methods.
What Are the Risks of the Theta Vault?
The primary risk for running this strategy is that depositors could potentially give up upside in exchange for guaranteed yield. By selling a call option, users are basically promising to sell the asset at the strike price, even if it goes above it (a.k.a selling early). Because of this, if the price of the asset moves up significantly in a short period of time, it is possible for depositors to have a "negative yield" on their ETH.
However, this only happens if ETH/USD appreciates significantly, so depositors will still be up in USD terms. The vault also sells call options that are very out of the money, which means there is a relatively low chance of the options getting exercised.
The smart contracts are audited by Peckshield, ChainSaf, and Quantstamp. Despite that, users are advised to exercise caution and only risk funds they can afford to lose.
What Is Ribbon Finance(RBN) Token?
RBN is the native token of Ribbon Finance. During the Genesis Period, RBN will remain non-transferable and can only be used for voting. To bootstrap Ribbon Governance, 3% of the RBN token supply (30M RBN) will be distributed to the community. A total of 4M RBN was distributed between users of existing options protocols on Ethereum: Hegic, Open, Charm, and Primitive.
What is Ribbon Finance (RBN) Contracts address?
Ribbon Finance FAQ
What is the price of Ribbon Finance (RBN) token?
CoinCarp does not currently have price data for Ribbon Finance as it has yet to be listed on any cryptocurrency exchanges (CEX or DEX). Once Ribbon Finance is live on an exchange, CoinCarp will provide real-time Ribbon Finance (RBN) token prices from different exchanges.
Is Ribbon Finance (RBN) token a good investment?
It depends on your personal risk tolerance and investment goals. Ribbon Finance is a cryptocurrency that is highly volatile and therefore may not be suitable for all investors. Before investing, please do your own research about cryptocurrencies, crypto wallets, cryptocurrency exchanges, and smart contracts, and it is crucial to understand the risks and potential rewards of investing in cryptocurrencies..
If you decide to get involved in Ribbon Finance investing, you will also need to understand the Ribbon Finance project's white paper, team background, tokenomics, and the overall market environment.
The main ways to get involved in Ribbon Finance investing are by participating in Spot trading or pledging to earn interest. Perpetual and ETF/Leveraged trading are very risky and are not recommended for non-professionals.
Where can I buy Ribbon Finance (RBN) token token?
CoinCarp's tracking data suggests that the Ribbon Finance is currently not available for purchase on a cryptocurrency exchange. While you may be able to purchase Ribbon Finance from other traders through Over-the-Counter (OTC) trading, the risks associated with this method are considerable. We strongly advise you to do your own research and understand the risks involved before engaging in any trading activities for Ribbon Finance.
How to short Ribbon Finance (RBN) token?
According to CoinCarp's tracking data, no crypto exchange yet supports Ribbon Finance contracts or ETF trading. so you can't short Ribbon Finance
What will Ribbon Finance (RBN) token be worth in 5 years?
It is impossible to predict what Ribbon Finance will be worth in five years. The cryptocurrency market is highly volatile and can be affected by a variety of factors, such as US dollar policy, government regulations, technological progress, market sentiment, Ribbon Finance's circulating supply and the development of project ecology. Therefore, it is impossible to accurately predict the price of Ribbon Finance 5 years from now.
RBN Price Statistics
Ribbon Finance Price
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Price Change24h
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24h Low / 24h High
$0.297 / $0.297
Trading Volume 24h
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Volume/Market cap (24h)
--
Market Dominance
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Market Cap
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Fully Diluted Market Cap
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7d Low / 7d High
$0.297 / $0.297
30d Low / 30d High
$0.1 / $0.298
90d Low / 90d High
$0.0305 / $0.5346
52 Week Low / 52 Week High
$0.0204 / $10
All Time High
$10
All Time Low
$0.0204
