What is Raft
Raft is a governance-minimized, decentralized protocol that allows people to generate the USD-pegged stablecoin R by depositing liquid staking tokens as collateral, providing a capital-efficient and low-cost way to borrow while keeping your staking rewards.
R aims to be the stablecoin of choice within the decentralized ecosystem, with deep liquidity across many trading pairs and a stable peg. Raft uses Balancer as its primary liquidity venue for the R stablecoin. With Balancer’s Smart Order Router and Composable Stable Pools, Balancer offers a unique and capital-efficient solution that allows R to maintain its peg and optimize liquidity for its users.
Further, with Balancer’s veBAL design, Raft is able to bootstrap deep liquidity for R pools in the most effective way.