Rari Governance - is positioned by the developers as a simple interface for making profit in DeFi, which autonomously generates income for users. It is a dual-token platform where RGT serves to manage the platform and RFT serves as its underlying multifunctional asset.
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How does Rari Governance work?
Rari Capital was founded on the principle that income can be earned without speculation. Rari Capital is managed by RGT, which manages the entire Rari protocol to maximize returns. Project protocol holds Defi Manifest Destiny.
The project is working on the creation of a series of products with the aim of increasing the efficiency of the market in the cryptosphere. The first product — software that can rebalance users' assets across a range of protocols to maximize returns. Each user's share of the fund is determined by their RFT balance.
When you deposit funds into Rari, the equivalent amount of RFT is credited to your account. When you withdraw funds to Rari, the equivalent amount of RFT is burned from your account. As soon as you make a deposit, you start earning income. Essentially, funds and returns are distributed to RFT holders in proportion to their USD balances. The cost of RFT is equivalent to stablecoins and the profitability, accrued on them.
What is the peculiarity of the project?
Rari Capital is committed to raising all DeFi liquidity in the most capital-efficient and globally beneficial way. Aware of the negative impact of Ethereum, developers are fully prepared to move capital between chains through bridges, created by Rari. The product optimizes returns for a series of stable assets (exchange through 0x) in the stable and income asset pools and Ethereum in the ETH pool. It generates income through lending and profitable farming on various DeFi protocols such as Compound, dYdX, KeeperDAO, mStable, yEarn and Aave. The developers report that they are actively expanding the strategy to focus on more sustainable off-chain returns.
Project pools:
| Rari stable pool |
Rari Capital's stable pool allows users to deposit ETH or any ERC20 token to create their own RSPT token. All ERC20 will be replaced by USDC (meaning slippage for all deposits except USDC). Once a token holder, the Rari protocol works autonomously, providing the highest yield for your USDC. |
| Yield pool |
The Rari Capital yield pool provides users with the opportunity to earn high returns by depositing ETH or any ERC20 token to create their own RYPT token. Once a token holder, the Rari protocol algorithmically finds the maximum yield for you through "risky" strategies. It will automatically rebalance stablecoins to further achieve higher returns. |
The Rari Capital ETH pool allows Rari users to deposit ETH or any ERC20 tokens to start earning interest immediately through REPT. While remaining dependent on the price of ETH, users earn income through various means such as liquidation yield, ETH lending per connection, on Aave, on dYdX, on Alpha Finance.
Company token and its purchase
RGT — Rari Governance Token. It can help to propose and vote on proposals, made by any members of the community, who own tokens. Soon, users may also delegate their voting rights to another address to consolidate voting rights.
The RGT token will help to formalize the DAO, which is responsible for supporting the Rari protocol, through the following processes:
- Creation of proposals that will improve the protocol or products of the Rari family.
- Voting on proposals that will maintain and improve the company's protocol.
- Every aspect of Rari Capital will be controlled by a governance mechanism. The department also oversees the Rari Treasury. Token holders are expected to vote with future protocols in mind.
The team is actively pursuing the transition to on-chain governance and removing the need to rely on multi-signature to initiate change. The leading cryptocurrency exchanges for trading Rari Governance Token shares are currently Binance, Mandala Exchange, Bitget, Gate.io and Coinbase Exchange.
