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Ribbon Finance
$0.1338
2.46%
Ribbon FinanceRBN
RBN
$0.1338
2.46%
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Ribbon Finance Information
Ribbon Finance Supported Platforms
| RBN | ERC20 | ETH | 0x6123B0049F904d730dB3C36a31167D9d4121fA6B | 2021-05-24 |
About Ribbon Finance
Ribbon Finance is a DeFi protocol that offers access to structured crypto products such as options, futures, and fixed income to improve a portfolio's risk-return profile. RBN is the governance token of Ribbon Finance, used to steward the development of the protocol, align incentives between stakeholders, and unite all Ribbon products under a single umbrella.
Ribbon Finance is a comprehensive suite of decentralized finance (DeFi) protocols. Its focus is to facilitate user access to crypto-structured products through a mix of derivatives, lending, and a proprietary on-chain options exchange known as Aevo. With this combination, Ribbon aspires to serve as a one-stop solution for those aiming to optimize their portfolios' risk-return profiles.
Ribbon Finance was co-founded by Julian Koh and Ken Chan.
RBN is the native governance token for Ribbon Finance, fulfilling multiple roles within the ecosystem. It is involved in governance voting and gauge voting, allowing token holders to partake in the decision-making process that guides the platform's development and policies.
Further, RBN is utilized to amplify rewards on staked vault tokens and to "bribe" yield in various currencies. This means RBN holders can potentially increase their yield by using RBN in specific ways within the ecosystem. Additionally, RBN holders are eligible to share in the protocol's revenue, adding another layer of utility to the token.
Ribbon DAO employs a complex set of smart contracts, enhancing the Governor Bravo's standard "one token, one vote" mechanism. It uses a weighted system based on locking RBN to create vote-escrowed RBN (veRBN) tokens. In this system, Ribbon DAO incorporates two tokens: RBN for governance voting and veRBN for governance voting, gauge voting, and other specific functionalities like boosting rewards on staked vault tokens and offering gauge voting bribes in ETH, USDC, and RBN. This approach allows for a more intricate governance structure, as well as a sharing of protocol revenue among token holders.