# 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:

<figure><img src="/files/ejlLcrOtLuPSodccC235" alt=""><figcaption></figcaption></figure>


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