📈 Earn a 6% APR through $R interest rate savings, powered by Raft Finance


Our sponsors at Raft Finance share some valuable alpha on upcoming Raft V2!

Listen to our latest 
DeFi by Design Podcast


NFL Season is available to trade on OvertimeSports market AMM built on Thales Market, a Synthetix ecosystem project. Earn your share of 90k $OP, 90k ARB, and 180k $THALES in incentives. Try it 👉🏽 HERE!


AcrossProtocol is a cross-chain bridge for L2s and rollups secured by UMA’s optimistic oracle that prides itself on its speed, security and low fees. Check it 👉🏽  HERE.



High Rollers,

Raft Finance’s upcoming V2 launch has some high-yield opportunities!

Enjoy this guest newsletter from our partners at Raft Finance. In this newsletter, they describe the R savings rate, peg stability module, and a short how-to earn R, raft’s native coin.

Aiming to build growth, stability, and utility onto R, the protocol also allows you to earn real yield through an innovative Savings Model model similar to DAI.

Things are gearing up for the Raft community, with a potential 🪂 coming soon 👀

Stay tuned for more, its heating up.

Thank you to our excellent partners at Raft Finance for sponsoring this month’s newsletter.


The Rollup


Introducing Raft v2

Welcome to Raft v2: Experience a revamped economic design, improved scalability, and enhanced capital efficiency.

Discover two crucial additions to the Raft ecosystem: The R Savings Rate and the Peg Stability Module.

Start earning a 6% fixed APR on your R now.

Scroll for more details.

What is the R Savings Rate?

The R Savings Rate is an innovative program tailored to foster R’s growth, stability, and utility as a predominant stablecoin, building upon the Dai Savings Rate’s success.

You can now convert your R to RR, the yield accruing ERC20 token of the R Savings Rate. While your RR token balance remains the same, the corresponding R value continues to grow with the R Savings Rate. Currently, you can earn a 6% fixed APR.

Benefits of the R Savings Rate

Earn a fixed yield by participating in the R Savings Rate.

But that’s just the tip of the iceberg! Here’s how you can benefit from the R Savings Rate:

  • Stable & High APR paid in R: The R Savings Rate will be more competitive than what is provided by other stablecoins. Additionally, our 6% APR is paid in R, avoids exposure to price fluctuation.
  • Simplicity: The R Savings Rate ensures users enjoy the freedom of hassle-free staking and unstaking, with no lock-in periods or cooldown intervals. The user interface is super simple, and the contracts have been audited.
  • Cross-Chain Compatibility: Envisioning the future, the R Savings Rate contract is devised to be compatible with subsequent cross-chain deployments. This pivotal step ensures that users can effortlessly deposit R into the R Savings Rate across many chains.

How to Start Earning R

Here’s a quick step-by-step guide to using the R Savings Rate:

  1. Buy R
  2. Go to app.raft.fi/savings and Deposit R

That’s it! You can now earn a 6% fixed yield on your R.

Peg Stability Module

The Peg Stability Module (PSM) is a tool that Raft has implemented to stabilize the price of R, through a hard peg mechanism ensuring it remains anchored at $1.

By facilitating swaps between R and DAI at a fixed rate, the PSM now enables a tight and stable peg for R.

The PSM enables users to perform the following actions:

  • Swap 1 DAI for 1 R: The user deposits DAI and mints an equivalent amount of R. The PSM contract converts DAI into CHAI, which starts accruing yield. This is done when R’s price is higher than DAI’s price.
  • Swaps 1 R for 1 DAI minus fees: The user deposits R and receives an equivalent amount of DAI minus a fee. This swap can be executed only if the PSM holds enough DAI in the reserve. This is done when R’s price is lower than DAI’s price. To enable the accrual of DAI in the PSM, the fee is set at 100% and it will be lowered over time.

One-Time Fee Vaults Halted

Further borrowing using the one-time fee vaults of stETH and rETH has been halted. All existing borrowers remain unaffected.

As new interest rate vaults go live next week, users will be able to generate R using WBTC, WETH, swETH, (w)stETH, cbETH, and rETH as collateral.

More information coming soon!

🙌 Together with:

ConnextBuild Web3 applications that can securely interact with users, tokens, and other applications on any chain – just like on the web. Learn more here.


Jumper Exchange A truly multi-chain exchange. Aggregating the best in the business for bridging, swapping, and onrampingLearn more here.


Cartesi is an application-specific rollup protocol with a Linux runtime. Scaling Computation. Transcending EVM Limitations. Learn more here.


Disclaimer: Please be aware that investing in cryptocurrency and DeFi platforms involves risks like technical glitches and human errors. We may receive commissions for featuring certain projects, which will be clearly noted. Our content is educational only and not financial advice; we are not licensed advisors.



Avatar photo About the author: We help you explore DeFi onchain w/ foolproof education & relevant research to give you an edge. Focused on L2s. Scaling to mass adoption one block at a time🙏

0 comments… add one

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.