Details about Ribbon Finance cryptocurrency
Ribbon Finance
RBN
Unknown for now
€991,169,585 ( -3.86374%)
€2,595,280
1,000,000,000
969,938,602
33.833
Unknown
https://www.ribbon.finance/
@ribbonfinance
1127x
€1151.44
Ribbon Finance price charts
RBN exchanges
Ribbon Finance, the crypto
Ribbon Finance (RBN) is a DeFi protocol that provides options-like exposure to yield opportunities within the DeFi ecosystem. It allows users to purchase exposure to automated yield strategies, called vaults, that aim to generate high returns on cryptocurrency investments.
The point
The main point of Ribbon Finance (RBN) is to democratize access to yield generation strategies within the DeFi ecosystem. Its vaults are designed to simplify complex yield generation strategies so that users can participate in them without extensive knowledge of the underlying mechanics.
The problem
Ribbon Finance (RBN) tries to solve the problem of complexity and risk associated with yield generation strategies in DeFi. By creating a platform that simplifies these strategies and allows users to purchase exposure to them in a user-friendly way, Ribbon Finance hopes to attract more users to DeFi and unlock previously inaccessible yield opportunities.
Compare RBN and BTC performance
| Timeframe | RBN | BTC |
|---|---|---|
| 1h change | -0.202339 % | -1.20369 % |
| 24h change | -3.87 % | -1.67734 % |
| 7 day change | -33.12 % | -13.4064 % |
| 14 day change | -32.65 % | -9.86769 % |
| 30 day change | -17.82 % | -1.25024 % |
| 200 day change | 574.07 % | 114.805 % |
| Year change | 474.43 % | 105.794 % |