Ribbon Finance RBN Price 0.33298870

Ribbon finance is what it is.
Ribbon uses financial engineering to create structured products. Ribbon's first product is yield through automated options strategies.
Structured products use a combination of derivatives to achieve a specific risk-return objective, such as betting on volatility, enhancing yields or principal protection.
A covered call strategy can be automated with the new product, Theta Vault.
The primary risk for running this strategy is that depositors could give up upside in exchange for guaranteed yield. By selling a call option, users are promising to sell the asset at the strike price even if it goes above it.
Depositors will still be up in dollar terms if ETH/USD appreciates significantly.
There is security.
The smart contracts are audited.