Ribbon Finance launches Ribbon Lend, a credit market where users provide unsecured loans to institutional market makers

Ribbon Finance, an on-chain structured product, launched Ribbon Lend, a credit market that allows users to earn income by offering unsecured loans at high liquidity to selected institutional market makers. Ribbon Lend uses Aave's money market model to perform off-chain credit underwriting without users locking up their positions, with built-in insurance. Ribbon is currently working with Credora Platform to assess the creditworthiness of agency borrowers, ensuring that only borrowers with the highest credit ratings can create pools of capital on the Platform.