Raft generates R stablecoin via CDPs or deposits. RAFT is the governance/staking token with a 2.5 billion supply.
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Raft facilitates the creation of R, a prominent decentralized USD stablecoin, either through opening a collateralized debt position (CDP) or by depositing stablecoins into the Raft protocol reserve. RAFT is the native token of the Raft ecosystem, primarily serving governance and staking purposes. RAFT holders can stake Balancer LP tokens to get veRAFT which allows participation in governance and earn RAFT rewards. The total supply of RAFT tokens is 2.5 billion.
As of now, Raft is trading at 0.000298 USD, with a 24-hour trading volume of approximately 18.04K USD. The RAFT to USD price is updated in real time. Over the past 24 hours, Raft has increased by 7.03%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 435.20K USD. Currently, there are 1 458 950 000 RAFT in circulation out of a maximum supply of 2 500 000 000 RAFT.
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