Ribbon Finance initiates a community vote on the second batch of borrowers for the credit market Ribbon Lend

ChainCatcher message, the on-chain structured product Ribbon Finance has initiated a community vote regarding the second batch of borrowers for the credit market Ribbon Lend, including four institutional options: Parallel Capital, Auros, Amber Group, and Nibbio. Ultimately, two borrower institutions will be selected, and the voting will end on November 6.

It is reported that Ribbon Finance launched the credit market Ribbon Lend in September, allowing users to provide unsecured loans to vetted institutional market makers with high liquidity to earn returns, but only the highest-rated borrowers can create funding pools on the platform. (Source link)