Oars up, Rafters! 🌊

Welcome back to another edition of our monthly newsletter where we'll sail through all the progress and achievements at Raft during July 2023.

Let’s dive in straightaway!

Market Growth

We’re happy to share that Raft’s Total Value Locked (TVL) has continued to remain above the $50 million mark, with the market capitalization of our R stablecoin reaching $30m.

R has been live for less than 2 months, and the stats, when compared to its competitors, look like this:

We now have 515 holders of R. Number go up only!

Governance

The Raft Governance Forum is live and a lot of proposals have been submitted over the past two months. Here’s a snapshot of our forum.

Open an account and have your say in the future of Raft. 

Liquidity Boost

LPs in the R/DAI <> sDAI boosted pool will soon be able to benefit from the DAI Savings Rate (DSR) 3.49% yield while continuing to provide users with the ability to swap between R and DAI. 

Incentives in the $R / $DAI pool now account for 6.87% of all $BAL emissions!

One-Step Leverage

Say bye-bye to manual folding and welcome one-step leverage (OSL) on Raft! All stETH and wstETH holders who have been leveraging their staking rewards can maximize their returns by up to 6x using OSL.

Stable Summit and EthCC 

The Raft team was present at Stable Summit and EthCC meeting our existing partners and exploring exciting collaborations with potential partners.

Our CEO, David, gave a demo on how to use Raft’s One-Step Leverage (OSL) at Stable Summit. 

David also joined a panel discussion on how to build a truly censorship-resistant stablecoin. 💪

We had a lot of cool swags to offer and some fun games to play at the booth!

Media and Twitter Spaces

Over the past month, we’ve been a part of several Twitter Spaces where we dived deep into Raft and also spoke about the LSDFi landscape on many panels. 

Check out some of the Twitter Spaces last month. 

• Rocket Pool Community Call featuring Raft

• DeFi 1-1 Session on Raft

• Farmers Market #29: Yield and Stablecoins

• Raft x Tellor: The Dual Oracle Design

• GM 100: Building safe and user-friendly DeFi protocols

• Redstone Oracles: The Future of LSTs

• DIA Community Hub: A deep dive into LSDFi with Raft

• Exponential DeFi: Degen Responsibly #19 feat. Raft

• Radix Podcast’s Raft: An LSD-Inspired Stablecoin

By the way, DeFiLlama is now tracking R

Grants

We have several grants available for anyone who wants to be a part of this growing ecosystem

• Frontend Operator Integration

• Content Creators

• Community Growth (Korea) Grant 

• Community Growth (LATAM) Grant 

• Integration of R on various platforms

As we continue to navigate the exciting landscape of DeFi, Raft remains committed to innovation, community involvement, and building a robust ecosystem. 

We invite you to stay tuned for more updates, engage with our vibrant community, and be part of shaping the future of Raft.

Thank you for being an integral part of our journey!