Since its inception, Raft has been guided by the vision of a fully decentralized financial system.

Today, we’re excited to share our plans for further advancing this vision, including the launch of our governance forum, taking us another step closer to true decentralization.

Raft Launch

Raft’s launch marked a significant milestone in the DeFi landscape by introducing R, the most capital-efficient USD stablecoin backed by stETH (Lido Staked Ether).

The protocol enables a high degree of capital efficiency, safety, and decentralization, all for the benefit of our community.

Raft’s Commitment to Decentralization

Decentralization is at the core of Raft’s mission.

We believe in a financial system where control and decision-making powers are distributed among its users, fostering an environment of transparency, trust, and resilience.

A decentralized protocol is by its nature less prone to the single points of failure or control that characterize centralized systems.

However, achieving decentralization while maintaining the safety and security of the protocol is not a straightforward task.

Raft's initial governance structure consists of a 3/5 multisig controlled by a combination of Raft and outside members.

We’re also taking steps to progressively decentralize the protocol governance, including through the creation of the Raft Governance Forum.

Raft Governance Forum

As part of our ongoing commitment to fostering an open dialogue and collaboration with our community, we're thrilled to announce the launch of the Raft Governance Forum.

This forum will serve as a space for our community to discuss proposals, voice their opinions, and actively participate in decision-making to shape Raft’s future.

Register and start participating in the discussion here.

Decentralized and Safe

Raft is built on the principles of safety and efficiency. The core parts of our smart contracts are immutable, ensuring the security and stability of the protocol.

Yet, we’re committed to providing a platform where the community has a say in its evolution.

This commitment will be realized through the adoption of a governance-minimized approach, creating an efficient, transparent, and community-driven protocol.

Governance-Minimized Explained

The scope of Raft's governance will be limited to several main areas:

• Appointment of The Liquidity Committee: The Liquidity Committee will play a crucial role in managing the liquidity of the protocol and ensuring its smooth operation.

• Treasury Fund Management: The allocation of the treasury funds will be a community decision, ensuring that the funds are used in a way that benefits the entire Raft ecosystem.

• Protocol Fees: The community will also have a say in the setting of protocol fees, which are critical for maintaining the economic balance of the protocol.

• Additional collateral types: The community will have the ability to extend the types of collateral that can be used to mint R.

• Chain deployments: The community will be able to steer the direction of future growth for Raft, including deployments on other chains.

• Future partnerships and grants: The community will help in the development of business partnerships and integrations, as well as the creation of new grants.

$RAFT: the Governance Token

The RAFT token will be the democratic pulse of the Raft protocol, extending voting power to its holders on pivotal governance matters.

These include decisions related to the governance scope described in the section above, future direction of the Raft product, the allocation of treasury and ecosystem funds, potential partnerships, and the possibility of changes to the RAFT token supply.

Our vibrant community has been the bedrock of our journey, akin to the early pioneers of Raft.

Their belief and involvement has been instrumental in the success of Raft's launch so far and their ongoing support will keep driving its growth in the coming years.

The adventure is just beginning, and we're thrilled to have you join us.

Wrap Up

The road to decentralization is a challenging but rewarding journey. At Raft, we are committed to making this journey with our community.

We look forward to continuing to build a truly decentralized, secure, and efficient protocol, with our users at the heart of every decision we make.

How to Contribute

Contribute to Raft's growth and apply for a Raft Grant.

From writing Twitter threads to developing frontend interfaces, your skills can help shape Raft's future.

Check our Grants page for more details and application guidelines. We can't wait to see your contributions!

Useful Links

• Website: https://www.raft.fi/

• Twitter: https://twitter.com/raft_fi

• Telegram Channel: https://t.me/raft_fi

• Telegram Group: https://t.me/raft