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

Ethereum

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

Community & Socials

Website Twitter / X Discord GitHub