San Francisco based DeFi startup focused on crypto derivatives raised $8.8m in growth funding led by Paradigm.
“Ribbon simple way for users to earn high yield on bitcoin, ether and USDC. We help users create exposure to expert, complicated financial strategies under the hood, but we make that experience really easy for users.”
https://www.coindesk.com/business/2022/03/22/paradigm-invests-875m-in-defis-ribbon-finance/