Raft

Raft enables the generation of R, a leading decentralized USD stablecoin, by opening a CDP (collateralized debt position), or by depositing stablecoins into the Raft protocol reserve.

R is the most capital-efficient USD stablecoin backed by high-quality collateral assets and reserve assets such as CHAI, the yield-bearing version of the DAI stablecoin.

R aims to keep a tight and stable peg by means of the Peg Stability Module, the contract that stabilizes R’s price by allowing users to trade it against reserve assets, such as DAI, at a fixed exchange rate.