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Ribbon Finance gains 60% after V2 launch and Avalanche integration
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cointelegraph.comDecentralized 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.
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.
Data from Cointelegraph Markets Pro and TradingView 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
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