Basic Information
| Information | Details |
|---|---|
| Project Name | Ribbon Finance |
| Project Website | Ribbon Finance |
| Project Description | A protocol that creates structured products for DeFi, combining options, futures, and fixed income to improve a portfolio’s risk-return profile. |
| Project Ticker | RBN |
Airdrop Details
| Information | Details |
|---|---|
| Airdrop Type | Retroactive |
| Total Airdrop Amount | 30,000,000 RBN |
| Number of Eligible Users | 1,700 |
| Number of Claimants | 1,318 |
Timeline
| Event | Date |
|---|---|
| Blockchain Snapshot | Not Known |
| Claiming Started | May 25, 2021 |
| Claiming Ends | Not Known |
Token Distribution
| Distribution | Amount |
|---|---|
| Maximum | 205,498 RBN |
| Median/Average | 15,670 / 21,230.20 RBN |
| Minimum | 5,772 RBN |
Eligibility Criteria
- External Option Protocols: Users of Hegic, Opyn, Charm, and Primitive option protocols were eligible, with each address receiving 5,772 RBN.
- Ribbon Strangle Buyers: Users of Ribbon’s first product, the Option Strangles, received 11,904 RBN per address.
- Ribbon Theta Vault Users: Users who deposited at least $100 into ETH Covered Calls, WBTC Covered Calls, or ETH Puts vaults before May 22, 2021 (12 AM UTC) received 12,195 RBN each.
- Ribbon Theta Vault Bonus: Additional 10M RBN distributed based on deposited asset amounts, adjusted using a Box-Cox transformation to ensure fairness. Median bonus: 6,609 RBN.
- Ribbon Discord Community Members: Members who sent at least 5 messages were eligible. Out of 104 participants, 64 chose “Ribbon Hat” and received 62,500 RBN each, while 40 chose “small airdrop” and received 27,027 RBN each.
Important Links
- Price Tracking: CoinMarketCap
- Price Tracking: CoinGecko
- Official Announcement: Medium Blog Post
Additional Information
- During the Genesis Period, RBN was non-transferable and could only be used for governance voting.
- The airdrop aimed to balance rewarding existing users, community members, and attracting new participants.
- The Box-Cox transformation was used to distribute the Ribbon Theta Vault Bonus more equitably.