About Ribbon Finance
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.
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Trading Insights
Searched
234
Market Stats
Market Cap
$10.77M
31.9%
FDV
$121.68M
Circ. Supply
89M RBN
Max Supply
1B RBN
Total Supply
1B RBN
Diluted Valuation
$127.97M
Performance
Popularity
#1,073
Dominance
0%
Volume (24H)
$597.58K
53,339.66%
Volume (7D)
Not enough data
Volume (30D)
Not enough data
All time high
$4.90
Price Change (1Y)
-78.47%
Additional details
Market details
RBN vs markets
↘ 87.03%
RBN vs BTC
↘ 88.77%
RBN vs ETH
↘ 78.02%
Tags
defi
derivatives
real-world-assets
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x6123B0049F904d730dB3C36a31167D9d4121fA6B |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.12 | ↗ 28.02% |
1 Day | $0.0948 | ↗ 31.64% |
1 Week | $0.0835 | ↗ 49.32% |
1 Month | $0.11 | ↗ 10.65% |
1 Year | $0.58 | ↘ 78.47% |
Coinbase insights
Recent trends
The latest RBN price is $0.12. Compared to Ribbon Finance's value of $0.09 from 24 hours ago, there's been a 32% increase, while the current price is 49% up from $0.08 which was recorded one week ago. Ribbon Finance's all time high is $4.90, which was reached on January 2, 2022. This is a -97% change from its price today.
The current circulating supply of Ribbon Finance is 88,544,988. This is 9% of its max supply of 1,000,000,000 RBN and 9% of its total supply of 1,000,000,000. The market cap is currently $10.77M, which is a result of multiplying the current price of Ribbon Finance($0.12) by the total supply(1,000,000,000 RBN). The fully diluted valuation of Ribbon Finance is $121.68M. The diluted valuation of Ribbon Finance is $121.68M.
FAQ
Ribbon Finance (RBN) is a decentralized finance (DeFi) protocol that strives to provide users with access to structured financial products in the cryptocurrency space. It employs financial engineering to create these products, which are designed to deliver sustainable compensation. Ribbon's initial product focuses on compensation through automated options strategies. The protocol also allows developers to create structured products by combining various DeFi derivatives. Ribbon Finance's structured products are packaged financial instruments that use a combination of derivatives to achieve specific risk-return objectives.
Ribbon Finance operates through a series of products and strategies. One of its key offerings is the Theta Vault, which automates a covered call strategy to generate high compensation on Ethereum (ETH). The vault sells out-of-the-money call options on a weekly basis for compensation. Ribbon Finance also offers Ribbon Earn, a line of compensation vaults designed to have a risk profile complementary to Theta vaults. It uses a combination of lending and exotic options to enhance compensation through exposure to short-term volatility in the market. Ribbon Finance also includes Ribbon Lend, a DeFi marketplace for institutional unsecured loans, and Ribbon Treasury, private Ribbon Theta vaults built specifically for Decentralized Autonomous Organizations (DAOs) to run covered calls on their native tokens.
Ribbon Finance seeks to provide users with a range of potential use cases. It aims to offer a one-stop solution for users who want to improve a portfolio's risk-return profile. Users can deposit their assets into Ribbon's vaults, which then automatically start running specific option strategies. This can help users receive compensation from their assets. Ribbon Finance also aims to provide DAOs with a way to run covered calls on their native tokens, potentially enhancing their treasury diversification goals. Furthermore, Ribbon Finance's structured products can be used by those who want to bet on volatility, enhance compensation, or protect their principal.
Ribbon Finance was launched in 2021 with the invention of Theta Vaults, also known as DeFi Options Vaults (DOVs). These were designed as compensation-oriented strategies that propose that depositors trade volatility on their underlying assets by selling European options with weekly expiration. The sale value of these options, or "premium," is set through auctions and determines the vault return. The vault reinvests the premiums received back into the strategy, effectively compounding them for depositors over time. Ribbon Finance's smart contracts have been reviewed by OpenZeppelin, Peckshield, ChainSafe, and Quantstamp.
We update our Ribbon Finance to USD currency in real-time. Get the live price of Ribbon Finance on Coinbase.
The current market cap of Ribbon Finance is $10.77M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Ribbon Finance is $4.90. This all-time high is highest price paid for Ribbon Finance since it was launched.
Over the last 24 hours, the trading volume of Ribbon Finance is $597.58K.
Assets that have a similar market cap to Ribbon Finance include Dora Factory, Dora Factory, MCOIN, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Ribbon Finance is 89 million.
Ribbon Finance ranks 224 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 75% of Coinbase users are buying Ribbon Finance. In other words, 75% of Coinbase customers have increased their net position in Ribbon Finance over the past 24 hours through trading.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.