Ribbon Finance Price (RBN)

$0.2659

0.00001571 BTC

0.82%

Low:$0.2629
High:$0.2692
Market Cap

$153,222,423

9,054 BTC
Fully Diluted Market Cap

$265,900,000

15,712 BTC
Volume 24h

$269,691

15.94 BTC
Circulating Supply

576,240,779 RBN

57.62%
Max Supply

1,000,000,000 RBN

Total Supply

1,000,000,000 RBN

Links:
Website, Explorers, Whitepaper
Tags:
Coinbase Ventures Portfolio
Ribbon Finance's Logo Ribbon Finance RBN
$0.2659

Ribbon Finance (RBN) Chart

×

Ribbon Finance (RBN) Return On Investment(ROI)

-0.04% 1 H
-1.04% 24 H
20.60% 7 D
-24.75% 1 Month
-20.06% 6 Month
-85.75% 1 Year
Details
Mineable No
Algorithm
ProofType
Issue Price --

Ribbon Finance (RBN) Price Now

Ribbon Finance price today is $0.2659 with a 24-hour trading volume of $269,691. RBN price is down -1.04% in the last 24 hours. It has a circulating supply of 576.24Mil RBN tokens and a max supply of 1000Mil. In order to explore addresses and transactions, you may use block explorers such as

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.

Ribbon Finance (RBN) Contracts

Ribbon Finance's Logo
Ribbon Finance RBN
USD US Dollar
  • RBN Price Statistics

  • Ribbon Finance Price Today
  • Ribbon Finance Price

    $0.2659

  • Price Change24h

    $-0.002794 1.04%

  • 24h Low / 24h High

    $0.2629 / $0.2692

  • Trading Volume 24h

    $269,691

  • Volume / Market Cap(%)

    0.0018%

  • Market Dominance

    0.02%

  • Market Rank

    #139

  • Ribbon Finance Market Cap
  • Market Cap

    $153,222,423

  • Fully Diluted Market Cap

    $265,900,000

  • Ribbon Finance Price History
  • 7d Low / 7d High

    $0.1868 / $0.2828

  • 30d Low / 30d High

    $0.151 / $0.3585

  • 90d Low / 90d High

    $0.151 / $0.4031

  • 52 Week Low / 52 Week High

    $0.151 / $4.46

  • All Time High

    $4.72

  • All Time Low

    $0.151

  • Show More

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