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Ribbon Finance (RBN)
Ribbon Finance (RBN)
0.478712 4.73 %
Rank # 485 500+ Watchlist
Low High
24H Range
Market Cap
24 Hour Trading Vol
Fully Diluted Valuation 906.03 B
Circulating 152,475,132.00
Total Supply 1,000,000,000.00
Max Supply 1,000,000,000.00
  • Ethereum ethereum-0x6123b0049f904d730db3c36a31167d9d4121fa6b
  Week Month Year All Time
High

13-Jul-2024

0.478712
0.00%

01-Jul-2024

0.524121459824
-8.66%

14-Mar-2024

1.762727187974
-72.84%

08-Oct-2021

₹5,730,800.59
-91.38%
Low

12-Jul-2024

0.43119092263
11.02%

06-Jul-2024

0.352645264864
35.75%

26-Sep-2023

0.157679562904
203.60%

18-May-2023

₹5,628.29
283.78%

Ribbon Finance News (Rbn News)

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Ribbon Finance Chart (Rbn Chart)

Ribbon Finance Price USD (Rbn Price USD)

Sr. Exchange Pair Price Spread Volume Volume% Confidence Last Traded Trust Score
Ribbon Finance Price History (Rbn Price History)
Price Market Cap Volume Date
Coin Ribbon Finance
Comments
Ribbon Finance Price Today (Rbn Price Today)

Ribbon uses financial engineering to make structured products that give a steady return on investment. Ribbon's first product is an automated options strategy that focuses on making money. The protocol also lets developers combine different DeFi derivatives to make any kind of structured product they want.

Structured products are bundled financial instruments that use a combination of derivatives to achieve a specific risk-return goal, such as betting on volatility, increasing yields, or protecting the principal.

Theta Vault is a new product that automates a strategy for getting a high yield on ETH called "covered calls." The vault uses a strategy called "covered calls" and sells out-of-the-money call options every week to make money.

The main risk of this strategy is that depositors might give up potential upside in exchange for a guaranteed return. When someone sells a call option, they promise to sell the asset at the strike price, even if it goes up (a.k.a selling early). Because of this, if the price of the asset goes up a lot in a short amount of time, depositors' ETH could have a "negative yield."

But this only happens if the exchange rate between ETH and USD goes up a lot, so depositors will still be ahead in USD terms. The vault also sells call options that are very far out of the money. This means that the options are unlikely to be used.

To know more about the Ribbon Finance price prediction, install the top cryptocurrency app CoinGabbar today!

Frequently Asked Questions (Crypto FAQs)
The current price of Ribbon Finance (RBN) is USD 0.478712
24 Hours, High Price of Ribbon Finance (RBN) is USD 0.48589 and Low price of Ribbon Finance (RBN) is USD 0.452784
The total supply of Ribbon Finance (RBN) is 1000000000 and Circulating supply of Ribbon Finance (RBN) is 152,475,132.00
The trading volume of Ribbon Finance (RBN) is 1280457 In the last 24 hours
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