Liquidity providers deposit funds into Ribbon Protocol and receive option premiums from traders & withdrawal fees from other liquidity providers (supply-side fees).

Ribbon Finance is a non-custodial asset management protocol built on Ethereum. Ribbon Finance was founded by Julian Koh & Ken Chan and launched in 2021.

RBN tokenholders own and govern the protocol. They currently take a cut of the total premiums and management fees paid by liquidity providers (revenue).

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Ribbon Finance

# Ribbon Finance Maximum token supply Methodology

## 1. Overview

The token supply maximum metric represents the theoretical maximum number of tokens that can exist for the Ribbon protocol. This is a protocol-defined constant that represents the hard cap on total token supply as specified in the protocol's governance documentation and tokenomics design. The metric answers the question: "What is the absolute maximum number of RBN tokens that can ever be minted?"

The calculation uses a simple hardcoded approach since maximum token supply is a fixed protocol parameter rather than a value derived from blockchain activity.

## 2. Data sources

This metric relies on protocol documentation and governance specifications rather than raw blockchain data:
- **Protocol documentation**: Official Ribbon protocol tokenomics specifications that define the maximum token supply cap
- **Governance documentation**: Protocol governance records that establish the total supply limit of 1,000,000,000 RBN tokens
- **Launch information**: Official protocol launch date of October 7, 2021

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establish the hardcoded maximum token supply value and associated metadata
- **Logic**: The component defines three key parameters: the protocol launch timestamp set to October 7, 2021 at 00:00:00 UTC, the reporting grain set to daily frequency, and the maximum token supply hardcoded to exactly 1,000,000,000 tokens. These values come directly from Ribbon protocol's official tokenomics specifications
- **Key fields**: The `timestamp` field marks the protocol launch date, `timestamp_grain` specifies daily reporting frequency, and `token_supply_maximum` contains the hardcoded maximum supply value

### Final aggregation
- **Combining components**: No complex aggregation is needed since this is a single hardcoded value
- **Currency conversion**: Not applicable as this metric represents token count rather than monetary value
- **Time aggregation**: The metric uses a fill-forward strategy to propagate the same maximum supply value across all daily periods from the launch date forward
- **Final calculation**: The final metric value is simply the hardcoded maximum supply of 1,000,000,000 tokens, formatted according to Token Terminal's standard metric structure and extended across all time periods since protocol launch using the fill-forward methodology

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

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Maximum token supply

Maximum token supply

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