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Rari Capital 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.
The value of RGT at the time of listing is $1.44 with a 24-hour trading volume of $2,341,487. In the current CoinMarketCap ranking, RGT is ranked 2404, market cap not available as circulating supply is unknown.
Rari Capital was founded on the principle that income can be earned without speculation, but instead: use. Rari Capital is run by RGT, which runs the entire Rari protocol, a DeFi robo-advisor to maximize returns. Rari Protocol is holding the Defi Manifest Destiny varieties.
Yield aggregation is just the beginning, tranches, pooling, management and more are coming soon - we are working on building Finance 2.0. Take this world from corrupt hedge funds and centralized institutions that have harmed the masses for centuries. Let's get back to the people. And it starts with productivity.
Rari Capital is working on creating a series of products with the aim of increasing the efficiency of the market in the cryptosphere. The first product is 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 in Rari, the equivalent amount of RFT (Rari Fund Token) 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 + the profitability accrued on them.
Most people turn to DeFi for one reason: to increase their wealth. Rari Capital began by fulfilling this mission in a secure way that allows people to autonomously and easily earn income from their stable assets without loss.
After that, it evolved into a solution that used profitable farming strategies to increase the profits offered to users. Now Rari Capital is a standalone solution that allows you to earn income with any risk appetite.
Rari Capital is a simple interface for making profits in DeFi.
As of 2021, the product optimizes the yield for a series of stable assets (exchange through 0x) in the pools of stable and profitable assets 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.
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.
RGT is Rari's governance token. It can be used 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. There was no $RGT sale from the DAO, all of that liquidity was mined or transferred to the founding team as part of our fair.
The team is actively pursuing the transition to on-chain governance and removing the need to rely on multi-signature to initiate change.
It is only through management that new tokens can be issued, created or liquidated. The only proposal that comes close to that is RIP-1, which has yet to be implemented.
