Ribbon Finance gains 60% after V2 launch and Avalanche integration

Published 01/04/2022, 03:30 PM
Updated 01/04/2022, 05:00 PM

Decentralized finance (DeFi) was one of the breakout sectors of the cryptocurrency market in 2021 and stands poised to continue to facilitate the mass adoption of cryptocurrency in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0.

One DeFi project that has kicked off the year with a bullish start is Ribbon Finance (RBN), a protocol that utilizes financial engineering to create structured products such as automated options strategies. These are designed to provide users with sustainable yields over time.

RBN/USDT 4-hour chart. Source: TradingView
Total value locked on Ribbon Finance. Source: Defi Llama
Ethereum-based vaults on Ribbon Finance. Source: Ribbon Finance

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