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How to Buy Ribbon Finance
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Ribbon Finance Price (RBN)
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Market stats
Ribbon Finance is on the decline this week. ↘
The price of Ribbon Finance has increased by 2.40% in the last hour and increased by 15.03% in the past 24 hours. Ribbon Finance’s price has also fallen by 13.67% in the past week. The current price is S$0.68 per RBN with a 24-hour trading volume of S$696.94K. Currently, Ribbon Finance is valued at 89.64% below its all time high of S$6.59. This all-time high was the highest price paid for Ribbon Finance since its launch.
The current circulating supply of Ribbon Finance is 99,067,584.643 RBN which means that Ribbon Finance has as total market cap of 99,067,584.643.
Overall
Market cap
S$67.8M
Volume (24h)
S$696,936.33
Circulating
99.1M RBN
Hold time
9 days
Popularity
#704
All time high
S$6.59
Price change
1 hour
↗ 2.4%
1 day
↗ 15.03%
1 week
↘ 13.67%
2 weeks
↗ 15.71%
1 month
↗ 26.94%
1 year
↗ 35.77%
1 year benchmarks
Performance
↗ 48.14%
Vs. Market
↘ 32.1%
Vs. BTC
↘ 39.22%
Vs. ETH
↘ 13.27%
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.
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.
Ribbon Finance Price History
Date | Price | Change |
|---|---|---|
Today (December 11, 2024) | S$0.68 | 15.03% |
24 hours ago (December 10, 2024) | S$0.59 | 15.03% |
1 week ago (December 4, 2024) | S$0.79 | -13.67% |
1 month ago (November 11, 2024) | S$0.51 | 26.94% |
1 year ago | S$0.46 | 35.77% |
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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.
Ribbon Finance Calculator
How much is 1 RBN?
Conversion Table
FAQ
What is the current price of Ribbon Finance?
We update our Ribbon Finance to SGD currency in real-time. Get the live price of Ribbon Finance on Coinbase.
What is the market cap of Ribbon Finance?
The current market cap of Ribbon Finance is S$67.77M. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Ribbon Finance?
The all-time high of Ribbon Finance is S$6.59. This all-time high is highest price paid for Ribbon Finance since it was launched.
What is the 24 hour trading volume of Ribbon Finance?
Over the last 24 hours, the trading volume of Ribbon Finance is S$696.94K.
What other assets are similar to Ribbon Finance?
Assets that have a similar market cap to Ribbon Finance include Threshold, BICONOMY (BICO), MX Token, and many others. To see a full list, see our comparable market cap assets.
How many Ribbon Finance are there?
The current circulating supply of Ribbon Finance is 99 million.
What is the typical holding time of Ribbon Finance?
The median time that Coinbase customers hold Ribbon Finance before selling it or sending it to another account or address is 9 days.
What is the relative popularity of Ribbon Finance?
Ribbon Finance ranks 188 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Ribbon Finance?
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.
Can I buy Ribbon Finance on Coinbase?
Yes, Ribbon Finance is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Ribbon Finance guide.
Social
Some highlights about Ribbon Finance on social media
362 unique individuals are talking about Ribbon Finance and it is ranked #1,069 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Ribbon Finance has an average sentiment score of 3.1 out of 5. Finally, Ribbon Finance is becoming more newsworthy, with 0 news articles published about Ribbon Finance. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Ribbon Finance. There were 58.33% of tweets with bullish sentiment compared to 16.67% of tweets with a bearish sentiment about Ribbon Finance. 25% of tweets were neutral about Ribbon Finance. These sentiments are based on 12 tweets.
On Reddit, Ribbon Finance was mentioned in 5 Reddit posts and there were 11 comments about Ribbon Finance. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
Contributors
362 people
Posts
16 posts
Dominance
0.02%
Volume rank
#1,069
Average Sentiment
3.1 out of 5
Tweet Count
12 people
Sentiment
58.33%
Bullish
25%
Neutral
16.67%
Bearish
Comments
11
Post Score
14
Comment Score
15
Coinbase Bytes
Coinbase Bytes
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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.