• Average rating of 90% based on 1 review.
• Founded 1 year ago in 2022.
• Use anonymously. No KYC required.
• Decentralised exchange.
Ribbon Finance was founded by Shaival Shah, Julian Koh and Ken Chan in 2021. San Francisco-based Venture Capital firm Paradigm has invested $8.8 Million in the project, and Ribbon’s headquarter is in San Francisco. Ribbon Finance is not a simple crypto finance app that offers basic tools like swap, trade, stake etc. Ribbon Finance has a more professional approach to crypto investment. It supports the diversification of crypto investment tools with innovative solutions.
Ribbon Finance is a decentralized finance platform that provides crypto-structured products for pro traders. Structured products are saving or investment products that are linked to a single security, a basket of securities, commodities, indices, or options. The return of a structured product depends on the underlying asset’s performance.
Ribbon Finance is built on the Ethereum Network. RBN is an ERC20-compatible governance token. RBN tokens are not stackable. But you can earn a percentage of protocol revenue by locking RBN tokens.
Users can invest in vaults on the platform. AAVE, ETH, USDC, wBTC, stETH, yvUSDC, AVAX, and SOL coins are supported in the vaults. RBN holders can participate in the governance of creating new vaults on the platform. There is no minimum requirement to participate in vaults. Users can connect to the platform with their web wallets and deposit funds immediately.
The platform is relatively new in the market. There is a lack of info about the company. The founders and the team are not disclosed on the official website. The platform is a decentralized smart-contract-based app running on the Ethereum blockchain. The underlying software is not open-source and hasn’t been proven yet. There have been unwanted hack issues with new protocols in history.
Ribbon supports over 5 currencies including Ethereum, USD Coin, Avalanche and Wrapped Bitcoin.
Ribbon's supports the following languages: English.
Year founded | 2,022 |
Decentralised |
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Open source |
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Know your customer |
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https://www.ribbon.finance/ |
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