Introduction to Ribbon Lend

What is Ribbon Lend?

***Ribbon Lend is currently paused until further notice***

Ribbon Lend is a DeFi marketplace for institutional unsecured loans. Users can deposit their capital in single-borrower, insured pools, created and launched on Ribbon Lend by institutional borrowers (like Folkvang and Wintermute, just to name a few) who have been whitelisted. Lenders can receive favorable risk-adjusted interest rates in exchange for providing liquidity, while whitelisted institutional borrowers can borrow money from a decentralized source without the need for collateral.

Ribbon Lend offers the best of both worlds between TradFi and DeFi:

1. Yields from unsecured lending; you can decide independently how much and in which pools to deposit, based on your preferred risk/return profile.

2. No lockups from Aave’s money market model; you can withdraw whenever you want, the overall amount of funds that can be withdrawn is determined solely by the utilization rate of the pool.

3. Off-chain enforcement / credit underwriting;

4. Built-in insurance.

All loans in our structured products, including Ribbon Earn and new vaults, will flow into Ribbon Lend pools. This allows us to leverage our Ribbon structured products as a reliable and sizable source of lending deposits in the credit facility.

Furthermore, this allows our structured products to be redeemable on a weekly basis and potentially even on a block-by-block basis, attracting further TVL.

Zapping feature (coming soon)

Deposits in Ribbon Lend can be made in USDC but soon we are going to release a new zapping feature, which will let users deposit USDT, DAI, FRAX, etc. into Lend. Under the hood we'll swap your stable of choice to USDC on Curve.