New Project Preview | Decentralized Lending and Stablecoin Project Raft with stETH Support

People are looking for more decentralized stablecoins, and the stablecoin project Raft has joined the LSDFi war as a new competitor. Cryptocurrency KOL Max Long introduced this project from the perspectives of principles, advantages, and more.

Raft is a decentralized lending platform and stablecoin supported by stETH, offering leverage with no fees. Users can borrow by using their stETH as collateral. The unique aspect of R is that it is the first fully ETH-backed stablecoin with a low threshold platform that has deep liquidity in many trading pairs. While other platforms require collateral of 150% to 200%, Raft only requires 110%, meaning you can potentially get over 10x leverage.

R can be burned in three ways: 1) repayment, where borrowers pay back the tokens they borrowed and receive wstETH; 2) redemption, where token holders exchange wth for a reward; and 3) liquidation, where liquidators pay off the borrower’s debt and receive the collateral wth plus the liquidation reward.

Reference: https://twitter.com/myblockbrain/status/1663915578887684099

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Industry
Digital Asset Investment
Location
Real world, Metaverse and Network.
Goals
Build Daos that bring Decentralized finance to more and more persons Who love Web3.
Type
Website and other Media Daos

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