What is Ribbon Finance? Ribbon Finance is a DeFi-focused blockchain project and the main feature of this platform is to optimize the risk-return profiles of user portfolios.
What is Ribbon Finance (RBN)?
Ribbon Finance is a decentralized finance (DeFi) protocol offering various crypto products and investment strategies. This platform allows users to automate complex investment strategies and also helps them visualize portfolio dumps based on real-time market conditions. It uses cases which can be deposited with a single click (referred as Vault). The project also offers various DeFi features such as high-yield yield farming and staking.
Ribbon Finance creates structured products with long-term returns using financial engineering. Its first product has been automated as a yield-focused option strategy. Developers can also create products that they can structure according to their preferences. Structured products consisting of multiple DeFi derivatives fundamentally mean packaging financial instruments. The platform optimizes the risk-return profiles of the portfolios through these products.
What does RBN offer?
Ribbon allows users to deposit their cryptocurrencies into asset pools called “Theta Vaults”. This makes it possible to achieve high returns. These Vaults support many cryptocurrencies such as ETH, AAVE, SOL and WBTC. Also, Ribbon’s platform supports the creation and use of structured financial products.
Through these products, users gain access to various features such as betting, earning returns, capital protection. The platform increases investors’ profits by optimizing the risk-return profile in the best way.
What are the purposes of Ribbon Finance (RBN)?
RBN is a helper token of the Ribbon Finance platform and operates with the ERC-20 standard on the Ethereum network. With this token, users can access various advantages. For example, RBN holders can benefit from incentives for returns and transaction fee discounts. Also, RBN serves as a governance token on the Ribbon platform.
RBN holders, by participating in the platform’s DAO, gain the right to vote in governance. Thus, they enable the ecosystem to manage in a decentralized manner.
Founders of Ribbon Finance (RBN)
The Ribbon Finance has launched DeFi platform on February 15, 2021. The names of the founders are not on the official website. However, it can be found up to Julian Koh and Ken Chan.
How to buy RBN?
RBN token is currently the 200th largest cryptocurrency according to the CMC (CoinMarketCap) data. Therefore, it is available on exchanges such as Coinbase, MEXC, Gate.io and Bitget. Investors who want to buy RBN can use our lifetime discounted links from our Coin Engineer’s exchanges page.
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