Welcome to Raft

Raft Documentation v2.5. Last updated: 5 June 2023

What is Raft?

Raft is a governance-minimized, decentralized protocol that allows people to generate R (a USD stablecoin) by depositing capital-efficient collateral.

What is R?

R is the first Ethereum USD stablecoin solely backed by stETH (Lido Staked Ether). R provides the most capital-efficient way to borrow against stETH collateral. R aims to be the stablecoin of choice within the decentralized ecosystem, with deep liquidity across many trading pairs and a stable peg.
R is hard-pegged to the price floor of 1 USD and it is designed to always retain a value of 1 USD.
R further improves the design principles introduced by SAI (Single Collateral Dai) and LUSD. R features increased capital efficiency, flexible fees, more efficient and instant liquidations, and a more robust incentive and soft peg mechanism.
Last modified 9h ago