The Ribbon Finance price is $0.20, a change of 0.09% over the past 24 hours as of 9:16 a.m. The recent price action in Ribbon Finance left the tokens market capitalization at $150,479,159.80. So far this year, Ribbon Finance has a change of 5.32%. Ribbon Finance is classified as a DeFi under CoinDesks Digital Asset Classification Standard (DACS).
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Traders pile into short positions in the perpetual futures market as potential liquidation of founder's crypto borrowing may destabilise the broader decentralized finance ecosystem.
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The onchain execution of structured products promises transparency to investors and eliminates counterparty risks.
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Some $52 million of assets were siphoned from Curve Finance just this weekend.
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The latest price moves in crypto markets in context for July 31, 2023.
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