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Ribbon Finance


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Market stats

Market cap


Volume (24h)


Circulating supply

537.1M RBN

Typical hold time

9 days



All time high


Price change (1h)


Price change (24h)


Price change (7d)


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.

What is Ribbon Finance?

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.

How does Ribbon Finance work?

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.

What are the potential use cases for Ribbon Finance?

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.

What is the history of Ribbon Finance?

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.

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Some highlights about Ribbon Finance on social media

8 unique individuals are talking about Ribbon Finance and it is ranked #1,489 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 2.2 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 neutral about Ribbon Finance. There were 43.75% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Ribbon Finance. 56.25% of tweets were neutral about Ribbon Finance. These sentiments are based on 16 tweets.

On Reddit, Ribbon Finance was mentioned in 0 Reddit posts and there were 0 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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8 people


10 posts



Volume rank


Average Sentiment

2.2 out of 5


Coinbase Bytes

Coinbase Bytes

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Ribbon Finance is on the rise this week.

The price of Ribbon Finance has risen by 4.51% in the past 7 days. The price declined by 5.69% in the last 24 hours. In just the past hour, the price shrunk by 0.58%. The current price is $0.34 per RBN. Ribbon Finance is 93.10% below the all time high of $4.89.

The current circulating supply is 537,093,440.461 RBN.


What is the current price of Ribbon Finance?

We update our Ribbon Finance to USD 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 $180.55M. 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 $4.89. 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 $1.78M.

What other assets are similar to Ribbon Finance?

Assets that have a similar market cap to Ribbon Finance include Livepeer, OriginTrail, Bone ShibaSwap, 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 537 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 161 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.

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