1H
1.25%$0.0000
24H
6.13%$0.0000
7D
2.03%$0.0000
30D
-93.4%$0.0045
The Reverse Convertible Note (RCN) is a hybrid security that combines aspects of debt and equity. The RCN provides the investor with an option to convert their investment into shares in the future, typically upon maturity. This guide will discuss what RCNs are, how they work, and why you should consider investing in them.
The guide deals with Universal Market Access (UMA) protocol – an open-source infrastructure that allows DeFi developers to create their synthetic tokens and derivatives in the Ethereum network that can keep track of any asset’s prices.