#GM! 1/ Introducing, #ReHash, a new initiative by me and @archipelabro to produce more structured and in-depth memos on projects. Our first #ReHash, focuses on @ribbonfinance. We’ll cover a general overview of their product, space and our thoughts on it.
3/ Disclaimers. Nothing in this tweet/memo is to be used as financial advice, these are merely for our personal educative consumption.
4/ At a glance. @ribbonfinance is a suite of #DeFi structured products focusing on bringing sustainable yields. They sit comfortably on the top 100 DeFi apps by TVL.
5/ Product overview. Their current product line is as follows:
- DeFi Options Vaults (DOVs)
- Ribbon Earn (principal-protected yield vaults)
- Ribbon Treasury (extension of DOVs for DAOs)
- Ribbon Lend (unsecured institutional lending)
- @aevoxyz (options marketplace)
6/ On tokenomics. They adapt a dynamic-time @CurveFinance ‘s ve-tokenomics. By integrating @redactedcartel ‘s Hidden Hand, they enable a bribe market for both gauge voting and yield boosting, something novel.
7/ Here’s their token distribution and emissions schedule.
8/ The $RBN token mainly accrues value through @ribbonfinance ‘s revenue streams across its products. Buybacks, revenue sharing schemes and governance shares bring in value to the $RBN token.
9/ Currently, @ribbonfinance 's DOV holds 70% of Ribbon’s TVL and drives an est. US$60mn/weekly notional volume of options to @opyn_ . It’s fair to say that Ribbon’s DOV found great PMF.
10/ Key players in the space. We’re aware of the vast (and growing) space of decentralized options, but decided to cover @opyn_ and @dopex_io due to its strong relevance to Ribbon.
11/ Our thoughts. @ribbonfinance 's expansion to @aevoxyz is natural and synergic with their existing product line, and their strategy was perfect — find demand, then build it yourself. Our two key concerns are their low percentage of locked $RBN and token distribution.
12/ References.
13/ That’s it! We’re trying out different post formats to help you understand the space better, let us know your thoughts on this format.
Disappointed with airdrops and points? Raise your hand!
Many of us feel duped by the paltry amounts we get after completing tons of tedious tasks.
But what if you could flip the script and profit?
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►Points and Airdrop Meta is Here to Stay, But...
Points and airdrops have become the new norm.
They reward early adopters and drive platform growth by incentivizing key activities.
However, these points often leave stakeholders frustrated, impacting everyone from users to project developers.
Is there any better way to solve this?
Yes, it is. It's called points tokenization.
► Points Tokenization
Several solutions, such as points secondary markets, already exist, but they come with limitations:
- Platforms require extra collateral and cap buyer payouts.
- Fixed-rate protocols block point resales, creating liquidity headaches for sellers.
- Some markets restrict individual point trading, stifling user flexibility.
And @RumpelLabs' points tokenization sweeps these issues away for good.
Meet Eli, a native in the world of crypto and also working as digital nomad.
And he has one big problem: he can't spend his magic internet money in real life.
So, what's the solution?
(Spoiler: Massive perks and incentives await)
Let's dive in to find out 🧵
1/ Beyond philosophical reasons, tangible hurdles keep crypto users steering clear of traditional finance:
- Security and privacy concerns
- Asset control and custody
- Crypto-to-fiat conversion friction and restrictions
- Excessive fees and delays
- Limited global reach
These issues are prompting Eli and countless others to rethink cashing out their crypto for everyday use.
2/ Now, imagine spending your crypto in the real world just like cash.
@Godefi_me makes it happen:
✦ A non-custodial, worldwide debit card
✦ Seamlessly connects to your crypto wallet (starting with @solana, more chains to come)
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✦ Works with mobile pay options like Apple Pay and Google Pay
✦ Earn direct rewards when using the card
All you need to know about @SonicLabs and its ecosystem.
Covering tech, bridging, the ecosystem, and maximize your $S airdrop.
A no-nonsense guide. 🧵
► What in The World is @SonicLabs?
From the outside, Sonic appears to be a high-performance EVM Layer 1 Blockchain.
However, it's not just about impressive technology; it also offers sustainable incentives, creating a thriving ecosystem that rewards its users and builders.
That said, Sonic's tech is indeed impressive:
✦ 10,000 transactions/sec
✦ Finality in <1 second
✦ <$0.01 fees per txs
✦ User incentives: Total 200M $S for whitelisted assets
✦ Fee Monetization: developers earn 90% of app gas fees
► Sonic Traction (Data per Feburary 26, 2025)
✦ With that said, Sonic TVL grow by ~3500% since start of the year (currently at ~$670M at the time of writing)
✦ 30.7M+ total transactions
✦ 70.3k+ contracts deployed
✦ 847k+ unique address
✦ 461k+ $S FeeM distributed
✦ Total of $150M+ bridged from DeBridge alone
And it seems like it's just the beginning for Sonic so far.
RWA is set to transform global finance with unmatched speed.
At the upcoming Ondo Finance Summit, major players from Traditional Finance and DeFi will outline the future of RWA.
This is the pivotal event that will redefine the world.
Don't miss out.
Let's dive in 🧵
► Join Ondo Summit Now
Before we move on, mark your calendars and attend the Ondo Summit happening on February 6th.
The event features top-tier speakers from both TradFi and DeFi, including @BlackRock, @WisdomTreeFunds, @PanteraCapital, @fidelity, @ripple, @CarolineDPham, @FTI_US, and others!
Set your notifications for the live stream below ⬇️
► But Why RWA and Ondo?
We're already witnessing the revolution initiated by RWA.
According to @RWA_xyz, tokenized RWA on-chain has seen substantial growth:
→ Over $16 billion in total RWA assets on-chain
→ More than 82,000 total holders
→ Private credit and U.S. treasuries are the leading asset classes, valued at over $11.5 billion and $3.5 billion, respectively
These figures are expected to multiply significantly, potentially exceeding $10 trillion by the end of this decade or even more!
And @OndoFinance is at the epicenter of this new era.