Convert Ribbon Finance RBN to Frax Finance - Frax Ether FRXETH
RBN to FRXETH: 1 Ribbon Finance converts to 0.000043 FRXETH as of June 14 at 2:11 AM
About RBN and FRXETH
Ribbon Finance is climbing, while Frax Finance - Frax Ether is falling this week. The current RBN to FRXETH conversion rate is 0.000043. Inversely, this means that if you convert 1 FRXETH you will get 23,405.03 RBN. The conversion rate of RBN/FRXETH has increased by 1.57% in the last hour (FRXETH/RBN decreased by 1.57%). In the last 24 hours, RBN/FRXETH grew by 0.42%, while FRXETH/RBN shrunk by the same amount.
The exchange rate of Ribbon Finance is decreasing. The current value of 1 RBN is 0.000043 FRXETH. In other words, to buy 5 Ribbon Finance, it would cost you 0.000214 FRXETH. Inversely, 1 FRXETH would allow you to trade for 23,405.03 RBN while 50 FRXETH would convert to 1,170,251.26 RBN, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.68%. Meanwhile, in the last 24 hours, the rate has changed by 0.2%, and that the highest exchange rate of 1 RBN to FRXETH was 0.000046 FRXETH and the lowest 24 hour value was 1 RBN for 0.000041 FRXETH. Last month, 1 RBN was worth 0.000063 FRXETH. Today, it's down 47.06%. Looking back a year, Ribbon Finance has changed by 0.000176 FRXETH. That means that in a single year, the value of Ribbon Finance has shrank by 311.22%.
Ribbon Finance Market Stats
Please note: In July 2023 the Ribbon Finance decentralised autonomous organisation (DAO) voted to approve the merger of Ribbon Finance into Aevo. This requires various steps to take place, including a 1:1 swap of RBN tokens for AEVO tokens. The outcome of this merger is uncertain and may impact the value of RBN and/or AEVO tokens. Please visit https://www.coinbase.com/asset-risks for more information on asset risks. RBN is an Ethereum token that governs Ribbon Finance, a decentralized finance protocol designed to generate yield by combining options, futures, and fixed income to improve a portfolio's risk-return profile. RBN is the protocol’s governance token and can be used to vote on the future of the platform.