> For the complete documentation index, see [llms.txt](https://docs.ribbon.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ribbon.finance/faq/general.md).

# General

### What are structured products?

[Structured products](https://www.investopedia.com/articles/optioninvestor/07/structured_products.asp) are packaged financial instruments that use a combination of derivatives to achieve some specific risk-return objective, such as betting on volatility, enhancing yields or principal protection.

### What is the risk of the covered-call vault?

The primary risk for running a covered-call strategy is that depositors could potentially give up upside in exchange for guaranteed yield. By selling a call option users are essentially promising to sell the asset at the strike price even if the price rises. This may result in a negative yield on the underlying asset. However, in that case depositors will still be up in USD terms, as the underlying asset would have appreciated significantly in a short period of time.

### What is the risk of the put-selling vault?

The primary risk for running a put-selling strategy is that the vault may incur a weekly loss in the case where the put options sold by the vault expire in-the-money (meaning the price of the underlying asset is below the strike price of the put options minted by the vault).

### What is the options infrastructure used by the vaults?

Ribbon options are built on the Opyn V2 protocol, even on Avax.

### Is Ribbon multichain?

We're currently on Ethereum mainnet, Avalanche, and Solana. There are currently no plans to expand to further chains.

### Does Ribbon have a token?

Yes, Ribbon has a governance token, RBN. Please read the RBN announcement blog [post](https://ribbonfinance.medium.com/decentralizing-ribbon-governance-395950da7a6) for more details. The RBN token is [0x6123B0049F904d730dB3C36a31167D9d4121fA6B](https://etherscan.io/address/0x6123b0049f904d730db3c36a31167d9d4121fa6b). 

### Where's the Treasury?

[Here's the address](https://etherscan.io/address/0xDAEada3d210D2f45874724BeEa03C7d4BBD41674). The Treasury is managed by a multisig made by the Team with two members of the core community.

### Is Ribbon audited?

We're audited by [OpenZeppelin](<https://blog.openzeppelin.com/ribbon-finance-audit/ >), [ChainSafe](https://github.com/ribbon-finance/audit/blob/master/reports/RibbonThetaVault%20V2%20Smart%20Contract%20Review%20And%20Verification.pdf) and [Peckshield](https://github.com/ribbon-finance/audit/blob/master/reports/PeckShield-Audit-Report-Ribbon-v1.0.pdf). Despite that, users are advised to exercise caution and only risk funds they can afford to lose.

### Do you have a bounty program?

Yes, we offer a bounty for up to $250,000. Learn more [here](https://immunefi.com/bounty/ribbon/).