Description
Ribbon Finance is a decentralized protocol that utilizes derivatives such as options to generate sustainable, risk-adjusted yields for its users. The platform offers structured products, primarily through Decentralized Options Vaults (DOVs) and lending. Users can deposit their crypto assets into these vaults, and the smart contracts automatically execute strategies, like selling options, to earn yield. This approach aims to provide a passive income stream on assets like ETH, WBTC, and various stablecoins. The protocol is designed to be accessible, allowing users to simply deposit their funds and let the automated strategies work without requiring deep knowledge of options trading. Ribbon also features products like R-STETH-EARN, a principal-protected vault strategy. The platform has attracted investment from notable firms in the crypto space, including Paradigm, Coinbase Ventures, and Dragonfly Capital.