Ribbon Finance – 15-minute fundamentals

In 15-minute fundamentals, we break down the business of a crypto project and learn about the drivers behind the data you can see on Token Terminal's charts. In this episode, we dive into the current state of Ribbon Finance with Co-founder Julian Koh.

Ribbon's dashboard: https://tokenterminal.com/explorer/projects/ribbon-finance

Timestamps:
00:00 What is Ribbon Finance?
01:05 Differences between Ribbon v2 & v3
03:05 Breaking down Ribbon's core products (Theta Vaults)
06:24 Business model
07:21 Protocol revenue split
09:42 Growth drivers & challenges
12:18 Token incentives
13:27 User composition
14:19 Future use cases
15:36 What's next for Ribbon?

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