Ribbon Finance Price (RBN)
Ribbon Finance to USD Chart
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RBN Price Live Data
The live Ribbon Finance price today is $2.64 USD with a 24-hour trading volume of $23,052,454 USD. We update our RBN to USD price in real-time. Ribbon Finance is up 0.87% in the last 24 hours. The current CoinMarketCap ranking is #415, with a live market cap of $104,482,017 USD. It has a circulating supply of 39,589,271 RBN coins and a max. supply of 1,000,000,000 RBN coins.
If you would like to know where to buy Ribbon Finance, the top exchanges for trading in Ribbon Finance are currently ZT, Gate.io, AOFEX, Uniswap (V3), and MEXC. You can find others listed on our crypto exchanges page.
What is Ribbon Finance?
Ribbon uses financial engineering to create structured products that deliver sustainable yield. Ribbon's first product focuses on yield through automated options strategies. The protocol also allows developers to create arbitrary structured products through combining various DeFi derivatives.
Structured products are packaged financial instruments that use a combination of derivatives to achieve some specific risk-return objective, such as betting on volatility, enhancing yields or principal protection.
Theta Vault is a new product that automates a covered call strategy to earn 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.
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 "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 OpenZeppelin, Peckshield, ChainSafe and Quantstamp. Despite that, users are advised to exercise caution and only risk funds they can afford to lose.
RBN to USD Converter
RBN Price Statistics
|Ribbon Finance Price||$2.64|
|24h Low / 24h High|
|Volume / Market Cap||0.2206|
|Fully Diluted Market Cap||$2,639,149,784.57|
|Yesterday's Low / High|
|Yesterday's Open / Close|
|7d Low / 7d High|
|30d Low / 30d High|
|90d Low / 90d High|
|52 Week Low / 52 Week High|
All Time HighOct 07, 2021 (19 days ago)
All Time LowOct 07, 2021 (20 days ago)
|Ribbon Finance ROI||No Data|
|Circulating Supply||39,589,271 RBN|
|Total Supply||1,000,000,000 RBN|
|Max Supply||1,000,000,000 RBN|