Ribbon Finance (RBN) is the 202nd largest cryptocurrency in the world by market cap, valued at $218,800,000. The current price of Ribbon Finance is $0.2188, which is 1.862% higher than yesterday. Prices have ranged between $0.223858 and $0.212763 over the past 24 hours. All prices are listed in US dollars and accurate as of April 01, 2023 03:04 UTC.
Ribbon Finance price chart
Price over the past month
What is Ribbon Finance?
RBN is the native cryptocurrency of the Ribbon Finance protocol. Ribbon Finance is a decentralized finance (DeFi) platform designed to generate sustainable yield and enhance the risk/return profile of a user’s portfolio.
To enhance risk/return profiles the platform blends various structured products, such as cryptocurrency futures and options. According to Ribbon Finance documentation, the platform was developed on the Ethereum blockchain. Its core products include the Theta Vault and Theta Vault Yearn. The Theta Vault is a yield-generating smart contract that automatically runs certain options strategies. Currently, the vault implements a covered call options strategy focusing on ETH. In comparison, the Theta Vault Yearn works by periodically converting its entire USDC balance into yvUSDC. This in turn provides users with exposure to the yields that are produced in the Yearn Finance DeFi application. RBN in the native governance token of the Ribbon Finance ecosystem. Token holders can use RBN to either vote on or submit proposals regarding future development proposals. Furthermore, RBN can also be staked and locked in the Ribbon Finance platform to produce increased rewards and provide an incentive for liquidity provision.
How we keep this Ribbon Finance guide up-to-date
- RBN price data is regularly updated through data feeds so you always have the latest information.
- Ribbon Finance performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
Ribbon Finance at a glance
Basic stats for Ribbon Finance
#202
$219 M
1 B
666 M
Ribbon Finance performance over time
Ribbon Finance fundamental and technical analysis
Time frame
Movement
1 day
1.86%
1 week
3.84%
1 month
3.70%
2 months
9.89%
200 days
4.06%
1 year
85.35%
Social activity for Ribbon Finance
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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