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Ribbon Finance (RBN) is a decentralized finance (DeFi) protocol specializing in creating structured products centered around options, offering a variety of structured crypto products and investment strategies. Here are some key details about RBN:
Protocol Overview: Ribbon Finance is a DeFi protocol specializing in creating structured products centered around options, offering a variety of structured crypto products and investment strategies.
Main Products: A highlight product of Ribbon Finance is the Theta Vault, which utilizes smart contracts to execute bullish or bearish options strategies using user funds.
Operation Mode: Ribbon Finance operates through a "vault" for one-click deposits, allowing users to automatically execute complex investment strategies.
Deployment Platforms: Initially launched on the Ethereum mainnet, Ribbon Finance has expanded its reach and deployed on Ethereum, Avalanche, Solana, and Binance Smart Chain, with liquidity primarily focused on Ethereum.
RBN Token: RBN is the native cryptocurrency of Ribbon Finance, initially a governance token used to oversee its development and vote on the platform's future.
In summary, Ribbon Finance is a DeFi protocol focused on creating structured products centered around options, with products like Theta Vault offering
For a stable return and a lower risk investment strategy.