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Rank #15RCrypto-Backed
Raft R
Pegged to
USD
Market Cap
$30.00M
24h Volume
$1.00M
Circulating Supply
30.00M R
Total Supply
30.00M R
Peg Target
USD
Collateral Type
Crypto-Backed
Issuer
Raft Protocol
Launch Date
08-06-2023
About Raft R
Raft R is a decentralised stablecoin backed by liquid staking tokens (LSTs) such as stETH and rETH. The Raft Protocol allows users to borrow R against their staked ETH positions while continuing to earn staking yields. This creates a capital-efficient system where collateral remains productive. R maintains its peg through overcollateralisation, redemption mechanisms, and integration with Curve and Balancer liquidity pools. Raft aims to be the go-to borrowing platform for LST holders in the Ethereum ecosystem.
Supported Blockchains
Pros
- Capital efficient — collateral earns yield
- Designed specifically for LST holders
- No ongoing interest charges
- Integration with major DEX pools
Cons
- Small market cap and adoption
- LST-specific risk exposure
- Ethereum-only deployment
- Young protocol with limited track record
Key Features
LST-backed (stETH, rETH) collateral
Earn staking yield while borrowing
One-time borrowing fee model
Flash mint capability
Curve and Balancer pool integration
Decentralised governance
Stablecoin Information
Category
Crypto-BackedCollateral Type
Crypto-BackedIssuer
Raft Protocol