> 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/ribbon-earn/introduction-to-ribbon-earn.md). # Introduction to Ribbon Earn ## What is Ribbon Earn? Ribbon Earn is a new line of yield vaults, designed to have a risk profile complementary to Theta vaults. It's an all-weather yield product that offers principal protection and uses a combination of lending and exotic options to enhance yields through exposure to short-term volatility in the market. It employs fully funded strategies through which depositors can capitalize on the intra-week ETH movements, while also ensuring their capital is protected. Ribbon Earn is new line of vaults, so more variants will soon follow. #### Ribbon Earn flowchart The following flowchart describes the high level Earn vaults architecture: