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Protocol is the protocol that plays a role in the middle of supporting the Dapp that wants to build on Blockchain, in each ecosystem there will be a variety of protocols depending on the operating mechanism that the Protocols will operate differently. In today’s article, CHK will provide you with all the details about Ribbon Finance – a protocol built on the Ethereum ecosystem itself, including the following:
- What is Ribbon Finance? Highlights of Ribbon Finance.
- Detailed information about tokenomics and how to store, buy and sell Ribbon Finance Token.
- Development roadmap and team, strategic partners of the project.
- Some projects are similar to RBN so that you can evaluate the development potential of this project.
Let’s find out together!
What is Ribbon Finance?
Ribbon Finance is a new Protocol that makes it easy for users to access DeFi. Ribbon combines the elements of options, futures, and fixed income sources for users who invest in the protocol, helping users achieve a higher return profile than users can afford.
Highlights of Ribbon Finance
Ribbon Finance’s goal is not only to bring profits to retail investors, but also as a financial instrument Cross-chain trusted by many people. Ribbon’s core products include:
Theta Vault: Profit focused strategy (ETH and WBTC).
By running two strategies to generate Covered Call and Put Selling. That is, users only need to deposit assets in Smart Contract (for either strategy above), will limit the gas fee somewhat, the vault will do it automatically for many users at the same time.
Covered Call: Vault of insurance money.
As an options strategy, you can make a profit selling assets with upside potential. You can refer to the payback diagram as follows.
Strike Selection & Expiry: Select the time to execute the price and expire the option.
To reduce the risk of options being exercised, users can sell them earlier, allowing them to pool their premiums together. In addition, it is advisable to choose prices that are farther than the current price to avoid unnecessary risks.
Technical Architecture: Engineering Architecture.
Theta Vaults is designed based on Opyn oTokens – the ERC-20 token of option contract, the participant owns the equivalent oTokens that owns an options contract, has the right to redeem his or her assets. To learn more about the mechanism of action, you can refer to the link here.
Information Token Ribbon Finance (RBN)
Key Metrics RBN
- Token Name: Ribbon Finance Token.
- Ticker: RBN.
- Blockchain: Ethereum.
- Token Standard: ERC-20.
- Contract: 0x6123b0049f904d730db3c36a31167d9d4121fa6b
- Token Type: Utility, Governance.
- Total Supply: 1,000,000,000.
- Circulating Supply: 1,000,000,000.
RBN Token Allocation
RBN Token Sale
RBN Token Release Schedule
RBN Token Use Case
RBN is the native token of Ribbon Finance and is applied as follows:
- Products & rewards in the protocol.
- Propose and vote on important system changes.
How to earn and own RBN Token
You can earn and own RBN tokens by:
- Staking: Users can stake rETH-THETA, rBTC-THETA and rUSDC-ETH-P-THETA to receive RBN.
- Users can buy tokens on supported exchanges.
Looking for more information: What is Staking??
RBN Token exchange & storage wallet
RBN Token Storage Wallet
RBN token is an ERC-20 token, you can store it on CHK Wallet with the following simple action:
Step 1: At the main interface, select Receive.
Step 2: Enter RBN in the search box.
Step 3: Copy the RBN wallet address and send the RBN token to this address.
RBN Token Exchange
Currently, RBN is supported for trading on exchanges such as Uniswap v3, Gate.io and MEXC, ..
Roadmaps & Updates
Project team, investors, partners
Investors & Partners
Above is the latest information about the RBN token that I have updated, Ribbon Finance is still in the process of completing the puzzle pieces, I will update the post to you as soon as possible.
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