Raft Profile picture
Jun 10 β€’ 14 tweets β€’ 9 min read Twitter logo Read on Twitter
πŸ“’ Attention all #LSDFi enthusiasts!

In the past 5 days, we've seen over $31 million collected in TVL! πŸ’°

This 🧡 of concise guides will help you navigate through @MetaMask setup, staking $ETH on @LidoFinance, depositing $stETH on Raft, and more!

docs.raft.fi/guides
How to Install and Set Up @MetaMask Wallet

πŸ”Έ Visit metamask.io
πŸ”Έ Download MetaMask for your browser
πŸ”Έ Add to browser
πŸ”Έ Create a new wallet
πŸ”Έ Set a password
πŸ”Έ Backup secret recovery phrase
πŸ”Έ Confirm to access the interface
πŸ”Έ Send $ETH to your wallet
How to Stake $ETH on @LidoFinance and Get $stETH

πŸ”Έ Go to lido.finance
πŸ”Έ Connect your wallet (@MetaMask)
πŸ”Έ Stake your $ETH
πŸ”Έ Confirm the transaction
πŸ”Έ Wait for confirmation
πŸ”Έ Receive $stETH in your wallet
πŸ”Έ Wrap $stETH (optional)
How to Deposit $stETH on Raft and Generate $R

πŸ”Έ Connect @MetaMask to Raft
πŸ”Έ Go to app.raft.fi
πŸ”Έ Whitelist and approve $stETH
πŸ”Έ Generate $R against $stETH
πŸ”Έ Confirm the transaction
πŸ”Έ Add $R to your #MetaMask wallet
πŸ”Έ Check your position details
How to Repay $R

πŸ”Έ Open app.raft.fi
πŸ”Έ Choose the repayment option
πŸ”Έ Repay partial or full debt
πŸ”Έ Maintain the required collateralization ratio for partial repayment.
πŸ”Έ Confirm transaction
πŸ”Έ Verify transaction success
How to Add/Remove Collateral

πŸ”Έ Navigate to app.raft.fi
πŸ”Έ Adjust the collateral amount
πŸ”Έ Make sure you maintain the collateralization ratio
πŸ”Έ Confirm transaction
πŸ”Έ Verify updated collateral
How to Provide Liquidity on @Balancer

πŸ”Έ Access app.balancer.fi/#/
πŸ”Έ Connect your #MetaMask
πŸ”Έ Find $R / $wstETH or $R / $DAI pools
πŸ”Έ Provide liquidity
πŸ”Έ Confirm the transaction
πŸ”Έ Liquidity provision is now complete
How to Add LP Position on @AuraFinance πŸ’œ

πŸ”Έ Access app.aura.finance
πŸ”Έ Connect your #MetaMask
πŸ”Έ Navigate to $R / $DAI & $R / $wstETH pools
πŸ”Έ Stake your LP position
πŸ”Έ Confirm transaction
πŸ”Έ You will now earn additional rewards of $LDO along with the trading fee + $BAL
@AuraFinance How to Provide Liquidity on @Uniswap πŸ¦„

πŸ”Έ Access Uniswap V3
πŸ”Έ Connect your wallet
πŸ”Έ Open info.uniswap.org/#/pools/0x190e…
πŸ”Έ Specify the amount of $R and $USDC
πŸ”Έ Set a price range of approximately 0.99 to 1.01 $R per $USDC
πŸ”Έ Confirm transaction
πŸ”Έ Liquidity provision is now complete Image
Join the $R-evolution as a Frontend Operator! 🌐

Whether you want to build a new Raft frontend interface or integrate Raft into your existing application, we're all ears.

Guess what? There are grants for your contributions!

tempusfinance.notion.site/Raft-Grants-7e…
$R you ready to jump on board? πŸš£β€β™‚οΈ

The future of Raft is all about making $R the go-to stablecoin in the DeFi ecosystem.

Join us and start generating $R today!

app.raft.fi
Feedback makes us better! πŸ’¬

Got thoughts, ideas, or suggestions?

Reach out on our Discord server. Together, we can create the ultimate DeFi experience.

πŸ‘‰ Discord: discord.com/invite/raft-fi
πŸ”— Useful links:

🌐 Website: raft.fi
πŸš£β€β™‚οΈ Discord: discord.com/invite/raft-fi
🐦 Twitter: twitter.com/raft_fi
πŸ“£ Telegram Channel: t.me/raft_fi
πŸ’¬ Telegram Group: t.me/raft_chat

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More from @raft_fi

Jun 12
🌐 Decentralization: Navigating Raft Closer To The Community

🧡 Image
Since its inception, Raft's vision has been a fully decentralized financial system.

Today, we share our plans to advance this vision, including our governance forum launch.

Scroll for the TL;DR version.

You can read the full announcement here:

mirror.xyz/0xa486d3a7679D…
Raft's launch was a significant milestone in #DeFi, introducing the most capital-efficient USD stablecoin, $R, backed by $stETH.

The protocol embodies efficiency, safety, and decentralization, all for the benefit of our community.

Read 12 tweets
Jun 5
$R You Ready?

Raft is Live! πŸš€

🧡 Image
Raft is redefining #DeFi by offering $stETH holders a unique opportunity to generate $R, the ultimate decentralized USD stablecoin.

Try it now:

app.raft.fi

Keep scrolling to learn how to generate $R while earning staking rewards on your $stETH collateral. πŸ‘‡
TL;DR: What is $R?

$R draws inspiration from stablecoins like $DAI and $LUSD but distinguishes itself with improvements:

βœ… Solely backed by $stETH – a more capital-efficient approach to lending/borrowing

βœ… More efficient liquidation mechanism

⏬
Read 17 tweets
Mar 22
Discover R: The capital-efficient USD stablecoin powered by $stETH.

Jump on board! πŸš£β€β™‚οΈ
R is the first USD-pegged stablecoin on #Ethereum backed solely by @LidoFinance Staked Ether (stETH).

R maintains a value of 1 USD through a mix of Hard Peg and Soft Peg mechanisms πŸ’΅

Keep scrolling to learn more about R 🧡
βš–οΈ Hard Peg

R relies on arbitrage opportunities and two mechanisms, redemptions, and over-collateralization, to maintain its price between 1 USD and 1.10 USD.

Let’s explore those two mechanisms below πŸ‘‡
Read 12 tweets
Mar 21
The recent Credit Suisse / UBS drama again highlights that traditional finance governance is fiction. Here's why: Image
The Swiss National Bank changed the law on the fly for the deal to go through, bypassing Credit Suisse shareholders' approval.

Raft, on the other hand, is managed by immutable contracts and minimal governance.
πŸ’Έ Credit Suisse equity holders received consideration, but AT1 holders saw their bonds written off to zero.

Raft ensures no one can affect R holders' yield, and risk management is outside of governance scope. Image
Read 4 tweets
Mar 20
Unlocking stability with Raft: Powered by Lido Staked Ether.

Jump on board! πŸš£β€β™‚οΈ Image
Raft is an immutable, decentralized lending protocol that allows people to take out stablecoin loans against one of the most sustainably productive collateral assets, @LidoFinance $stETH.

Scroll for the TL;DR.

You can also read the full announcement:

mirror.xyz/0xa486d3a7679D…
Why Raft?

The world needs a safe, decentralized stablecoin that can't be stopped, enabling billions to store value pegged to USD.

Recent events like the FTX collapse and the USDC depeg have shown the world the benefits of self-custody and censorship resistance. Image
Read 18 tweets

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