Ribbon Finance Launches New Liquidity Mining Program

Ribbon Finance, an on-chain structured product, has launched a new liquidity mining program. It is reported that Ribbon will release 250,000 $RBN tokens per week for the next 6 months through liquidity mining, for a total of $6.5 million $RBN, or 0.65% of the total supply. In addition, the amount of tokens released each week may be adjusted, and users may be rewarded by staking Vault tokens, or by locking up more $RBN for higher returns.