{"id":389581,"date":"2022-01-04T23:30:00","date_gmt":"2022-01-04T20:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ribbon-finance-gains-60-after-v2-launch-and-avalanche-integration\/"},"modified":"2022-01-04T23:30:00","modified_gmt":"2022-01-04T20:30:00","slug":"ribbon-finance-gains-60-after-v2-launch-and-avalanche-integration","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ribbon-finance-gains-60-after-v2-launch-and-avalanche-integration\/","title":{"rendered":"# Ribbon Finance gains 60% after V2 launch and Avalanche integration"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35005b54d08\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35005b54d08\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ribbon-finance-gains-60-after-v2-launch-and-avalanche-integration\/#Ribbon_V2_launches\" >Ribbon V2 launches<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/ribbon-finance-gains-60-after-v2-launch-and-avalanche-integration\/#Ribbon_adds_support_for_Avalanche\" >Ribbon adds support for Avalanche<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/ribbon-finance-gains-60-after-v2-launch-and-avalanche-integration\/#Total_value_locked_hits_a_new_high\" >Total value locked hits a new high<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Ribbon Finance gains 60% after V2 launch and Avalanche integration <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>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 cryptocurre in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0.\u00a0<\/p>\n<p>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. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that since trading at a low of $1.83 on Dec. 30, the price of RBN blasted 146% higher to hit a daily high of $4.50 on Jan. 3 as its 24-hour trading volume spiked to $60.6 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/a1792f77-9f66-462b-9ea4-f0c9b01d9233.png\"><figcaption style=\"text-align: center;\"><em>RBN\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the building momentum of RBN include the launch of Ribbon Finance V2, the addition of new blockchain networks to the Ribbon Finance ecosystem and an increase in the total value locked on the Ribbon Finance protocol. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ribbon_V2_launches\"><\/span>Ribbon V2 launches<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the biggest developments helping to drive the price growth in RBN has been the release of Ribbon V2. Originally announced in August 2021, the project has slowly been migrating liquidity and building its pools while also testing out new features.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"> Reminder to migrate your positions by Friday from V1 to V2 to be eligible for this week\u2019s yield! <\/p>\n<p>You will be levied exit fees if you withdraw your funds from V1, but migrating from V1 -&gt; V2 is fee-free (other than gas fees)<\/p>\n<p>\u2014 Ribbon Finance (@ribbonfinance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ribbonfinance\/status\/1477920124019834880?ref_src=twsrc%5Etfw\">January 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The upgrades that came along with V2 focused on the decentralization of Ribbon vaults. This includes the ability to allow smart contracts to set strike prices for the options the vault sells. Additionally, the creation of an on-chain auction mechanism allows anyone to participate on the opposite side of the vaults instead of just whitelisted market makers. <\/p>\n<p>Ribbon V2 also includes an upgrade to the protocol&#8217;s vault accounting system. This involves the creation of governable vault parameters that allow RBN holders to have a say in determining the strategy that each vault deploys, as well as the management and performance fees that each vault requires. <\/p>\n<p>These new upgrades should make Ribbon Finance more community-owned and also help to increase the long-term yields offered. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ribbon_adds_support_for_Avalanche\"><\/span>Ribbon adds support for Avalanche<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second reason for the boost in RBN&#8217;s momentum is the recent addition of support for the Avalanche (AVAX) network. Included is a new AVAX covered call vault where users can deposit AVAX and earn a yield of 24.18% at the time of writing. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/8f4b9b12-a7e5-46b0-8e4e-65b36bb3d83d.png\"><\/figure>\n<p>According to the protocol, the addition of support for Avalanche \u201cmarks Ribbon&#8217;s first step into a multi-chain future,\u201d which suggests that the project has plans to continue to add support for other networks as time progresses. <\/p>\n<p>At the time of writing, there are 144,320 AVAX locked on the Ribbon Finance protocol worth roughly $15.3 million. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>What\u2019s ahead for crypto and blockchain in 2022? Experts answer, Part 3<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Total_value_locked_hits_a_new_high\"><\/span>Total value locked hits a new high<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third sign hinting at the rising strength of Ribbon Finance has been the total value locked on the protocol which hit a new record high of $295.96 million on Jan. 3 according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/ribbon-finance\">data<\/a> from Defi Llama. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/9885c189-6a67-494a-9d3e-6707f36e2d35.png\"><figcaption style=\"text-align: center;\"><em>Total value locked on Ribbon Finance. Source: Defi Llama<\/em><\/figcaption><\/figure>\n<p>The most recent significant boost to TVL coincided with the addition of support for Avalanche on December 15, 2021, and foreshadows the possibility that integrating support for other networks. This could potentially lead to further increases in the future. <\/p>\n<p>Aside from the AVAX covered call vault, Ribbon Finance currently offers six different automated products on the Ethereum (ETH) network including an AAVE covered call strategy, a stETH-collateralized ETH covered call strategy, a yvUSDC-collateralized ETH put selling strategy, an ETH covered call strategy, a WBTC covered call strategy and an ETH put selling strategy. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-01\/33b6c094-268f-4686-9083-982f2dfee650.jpg\"><figcaption style=\"text-align: center;\"><em>Ethereum-based vaults on Ribbon Finance. Source: Ribbon Finance<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ribbon-finance-gains-60-after-v2-launch-and-avalanche-integration\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Ribbon Finance gains 60% after V2 launch and Avalanche integration &#8221; 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 cryptocurre in 2022. This comes as institutional and retail investors embrace the emergence of Finance 2.0.\u00a0 One&#8230;<\/p>\n","protected":false},"author":1,"featured_media":389582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDEvNzNmOTI5OGUtNmIwMy00MmU0LTk3NWYtNzNlNjMzYzUwNTkyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,81209,74863,74983,74877,99002,74868,74891,81210,70610,73785],"class_list":["post-389581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin-options","tag-cryptocurrencies","tag-decentralization","tag-decentralized-exchange","tag-decentralized-marketplace","tag-defi","tag-ethereum","tag-ethereum-options","tag-finance","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/389581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=389581"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/389581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/389582"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=389581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=389581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=389581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}