Ribbon Finance is a blockchain protocol designed to serve the burgeoning decentralized finance (DeFi) industry. Ribbon Finance states that the products it offers and are currently in development are, ‘… packaged financial instruments that use a combination of derivatives to achieve a specific risk/return objective’.
Currently, the flagship product offered by Ribbon Finance is its “Theta Vault” – an automated service that enables high yield on ETH through covered call strategies.
Governance of the Ribbon Finance ecosystem is supported by its native token known as “RBN”. These tokens, which are built on top of the Ethereum network, provide holders with a variety of benefits.
- Drive protocol development and get community feedback on important parameters such as pricing models
- Align incentives between ribbon stakeholders (product makers, users, team), such as cash mining programs or grants
- Bring all current and future Ribbon products under one umbrella
Ribbon Finance would like to point out that “RNB tokens are not an investment; they are a way to have a say in the future development of Ribbon’.
In order to “kickstart” the governance of the ribbon governance ecosystem, 30 million GNI tokens were distributed in an airdrop in mid-2021. During this “genesis period” the recipients were mostly option sellers, alongside early adopters, Theta Vault users, and members of its Discord community.
We list the top 3 exchanges that offer the opportunity to buy Ribbon Finance (RBN) cryptocurrency with a credit card, debit card or bitcoin (BTC).
Coinbase is a publicly traded crypto exchange listed on NASDAQ. It is one of the most widely used exchanges in the United States and accepts clients from over 100 countries, including Australia, Canada, Singapore, and the United Kingdom.
Over $460 billion in volume has been traded by over 70 million users on Coinbase. Security is a key feature, with 98% of customer funds stored in secure offline storage. The platform is simple to use and is available on desktop, Android and iOS, offering trading opportunities in over 140 cryptocurrencies including Ribbon Finance (RBN).
This exchange currently accepts US residents outside Hawaii.
Read our Coinbase review or visit Coinbase.
Founded in 2013, Gate.io has grown into a reputable trading platform. Although not the most popular exchange, it offers users an easy-to-use interface for beginners while maintaining robust and advanced charting for different skill levels, including technical traders. The exchange has a large number of altcoins, including Ribbon Finance (RBN), and is often the first exchange to add new tokens. Notably, Gate.io maintains a strong stance against any type of market manipulation.
This exchange currently accepts US residents excluding New York and Washington State.
Read our Gate.io review or visit Gate.io
Poloniex was founded in the United States in 2014. It has quickly become a very popular exchange of choice for crypto traders looking to combine a wide range of assets. Poloniex continues to expand its supported assets, with over 100 unique pairings, including Ribbon Finance (RBN). With a newly revamped look, the exchange also looks more professional than ever, while offering futures trading and leverage of up to 100:1.
Read our Poloniex review or visit Poloniex.