Thread by @eli5_defi

#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.

#DeFi #OptionsTrading

2/ You can view the full memo (.pdf) in @skiffprivacy link below:
app.skiff.com/file/8a091b01-…

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.

#DeFi #Options #OptionsTrading

14/ Our previous visual guide also cover the basic of #Options and #DOV:
- Options:

https://twitter.com/eli5_defi/status/1526020809910718464?s=20&t=-c0-wlv7JyJitSeYwkTr2g

- DOVs

https://twitter.com/eli5_defi/status/1541064877326073857?s=20&t=dIK9GmS5KPrAKOnlw20L7A

15/ Amazing article by the legend, @blocmatesdotcom also very good to read with example using @HxroNetwork platform for options trading
blocmates.com/blogmates/a-de…

16/ Tagged amazing contributor for feedbacks and suggestions:
@DAdvisoor
@DaoChemist
@byChadManDan
@jediblocmates
@The_Babylonians
@NickDrakon
@apolynya
@SalomonCrypto
@shivsakhuja
@Dynamo_Patrick
@rektdiomedes
@knowerofmarkets
@CryptoDragonite
@BarryFried1
@VirtualKenji

@DAdvisoor @DaoChemist @byChadManDan @jediblocmates @The_Babylonians @NickDrakon @apolynya @SalomonCrypto @shivsakhuja @Dynamo_Patrick @rektdiomedes @knowerofmarkets @CryptoDragonite @BarryFried1 @VirtualKenji If you like our threads, please follow me and @archipelabro. Don't forget to like, retweet and share :)

https://twitter.com/eli5_defi/status/1596905975889690624?s=20&t=QW7HEOisbqMB8a8fVwZA_g