> 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:

<figure><img src="https://3259232975-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-MVFqgfeL1BL15YGTBdD%2Fuploads%2FJoySEkzsrIRSe7seoXfL%2Fimage.png?alt=media&amp;token=8932fe6e-110f-4989-b5ca-8da77d216ef0" alt=""><figcaption></figcaption></figure>