| Founded | 2021 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Web3 |
| Collapse type | Slow Death |
Ribbon Finance
"DeFi structured products protocol that raised $8.8M, peaked at $250M TVL, and restructured to zero user activity."
Years-long decline before final shutdown
Key Events Timeline
Ribbon Finance built a DeFi automated options vault protocol allowing users to earn yield by writing covered call options on crypto assets.
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