Ribbon Finance Price

Ribbon Finance (RBN) is a decentralised finance (DeFi) protocol specifically designed to create option-centric structured products, providing a wide array of structured crypto products and investment strategies. Here are the key details about RBN:

1. Protocol Overview: Ribbon Finance is a decentralised finance (DeFi) protocol aimed at creating option-centric structured products, offering a range of structured crypto products and investment strategies.

2. Main Product: The standout product of Ribbon Finance is the Theta Vault, which utilises smart contracts to deploy users' funds in executing bullish or bearish options strategies.

3. How it Works: Ribbon Finance operates through a one-click deposit “vault”, allowing users to automatically execute complex investment strategies.

4. Deployment Platforms: Ribbon Finance was initially launched on the Ethereum mainnet and has since expanded its coverage, deploying on Ethereum, Avalanche, Solana, and the BNB Smart Chain, with liquidity primarily concentrated on Ethereum.

5. RBN Token: RBN is the native cryptocurrency of Ribbon Finance, initially serving as a governance token to oversee its development and vote on the future of the platform.

In summary, Ribbon Finance is a DeFi protocol focused on creating option-centric structured products, providing stable returns and risk-reducing investment strategies through products like the Theta Vault.