ChainCatcher message, Arkham data shows that about 50 minutes ago, the Vesting Escrow allocation contract of Ribbon Finance transferred 313.7 million RBN (approximately 480 million USD) to the multi-signature contract address of Ribbon Finance. The multi-signature contract address of Ribbon Finance transferred 30 million RBN (approximately 45.9 million USD) to the AEVO staking contract address.

ChainCatcher message, the on-chain structured product Ribbon Finance announced on social media that it will eliminate fees for Ribbon Earn Vaults starting today.

ChainCatcher news, the proposal for Ribbon Finance to merge into Aevo has been voted through on Snapshot by the Ribbon Finance community. Previously, Ribbon Finance announced a new governance proposal to merge Ribbon Finance into Aevo and designate Aevo as the sole brand name. Additionally, it plans to abolish the original token RBN and launch a new token AEVO. In the future, Ribbon's products will be integrated into Aevo's structured product suite, and the original RBN tokens will be exchanged for AEVO at a 1:1 ratio. (Source link)

ChainCatcher news, Ribbon Finance announced a new governance proposal RGP-33, planning to merge Ribbon Finance into its derivatives trading platform Aevo and designate Aevo as the sole brand name, restructuring governance and token economics. Ribbon Finance plans to abolish the original token RBN and launch a new token AEVO. In the future, Ribbon's products will be integrated into Aevo's structured product suite, and the original RBN and veRBN tokens will also be exchanged for AEVO at a 1:1 ratio.

ChainCatcher news, the on-chain structured product platform Aevo under Ribbon Finance has been opened to all users, allowing traders to trade without holding a Pass.In addition, Aevo has launched Bitcoin options and contract trading products, enabling users to trade Bitcoin options that expire daily, weekly, monthly, and quarterly, as well as Bitcoin perpetual futures contracts. (source link)

ChainCatcher news, the on-chain structured product Ribbon Finance tweeted that it will airdrop all the fees earned by the SOL treasury last year to Friktion users who migrate to Ribbon Finance before February 17, and users must deposit funds into the SOL treasury for at least 1 month to be eligible.According to informed sources, the reason Friktion decided to shut down the user platform is due to disagreements and friction among the project founders on how to advance Friktion's product roadmap. However, both founders declined to comment on the internal conflict. Since January 25, 2023, all Volts settings on Friktion's user interface have been in withdrawal mode only, with no deposits allowed, and users are advised to retrieve their assets. (CoinDesk)

ChainCatcher news, on-chain structured product Ribbon Finance recently announced the launch of its second round of VIP program, adjusting the user threshold to only require holding any of the following specific amounts of digital assets in any of its products (Ribbon Vaults, Earn, or Lend): 100 ETH, 5 BTC, 100,000 USDC, 2000 AAVE, or 250,000 veRBN.It is reported that Ribbon Finance launched the first round of the VIP program last month. The main benefits of the VIP program are that users can communicate directly with the team and receive 24/7 customer service. VIPs will also be able to preview new features and products being developed by the team in advance. In addition, VIPs will be eligible for extra perks such as customized merchandise, private events, closed-door AMAs, and other community activities. (source link)

ChainCatcher message, the on-chain structured product Ribbon Finance has initiated a community vote regarding the second batch of borrowers for the credit market Ribbon Lend, including four institutional options: Parallel Capital, Auros, Amber Group, and Nibbio. Ultimately, two borrower institutions will be selected, and the voting will end on November 6.It is reported that Ribbon Finance launched the credit market Ribbon Lend in September, allowing users to provide unsecured loans to vetted institutional market makers with high liquidity to earn returns, but only the highest-rated borrowers can create funding pools on the platform. (Source link)

Chain Catcher news, the unsecured lending product Ribbon's Lend from the DeFi platform Ribbon Finance has allowed crypto companies Folkvang and Wintermute to borrow over $10 million. The protocol went live on Monday and currently allows users to deposit approximately $15 million worth of USDC. Ribbon's foray into unsecured lending may indicate that the industry, led by companies like Maple Finance, Clearpool, and TrueFi, is heating up. (Source link)

Chain Catcher news, the DeFi derivatives protocol Ribbon Finance has announced the launch of the Ethereum-based options exchange Aevo. The first version will only offer ETH options trading, with other cryptocurrencies to be launched in the coming months.Chain Catcher reported in March this year that Ribbon Finance completed a $8.7 million Series B funding round, led by Paradigm.It is reported that Ribbon is an on-chain structured product that helps retail investors benefit more easily from the complex world of crypto derivatives. Investors deposit WBTC or ETH into a treasury that automatically executes a "bullish" options strategy, where the strike price is above the current asset price. Ribbon executes bullish options once a week and collects premiums. (Source link)