Raft Price(RAFT)

Raft is a governance-minimized, decentralized protocol that facilitates the creation of a USD stablecoin termed R. By utilizing capital-efficient collateral and high-quality reserve assets, Raft seeks to establish a robust mechanism that maintains the price of R effectively pegged to the US dollar.

The core of Raft’s innovation lies in its Peg Stability Module (PSM), which allows participants to trade R against reserve assets at a fixed exchange rate. This mechanism not only acts as a stabilizing force but also provides assurance that any fluctuations in R's value can be rectified promptly. This sophisticated approach positions Raft as a significant player in the DeFi space, catering to users seeking stability in a notoriously volatile crypto market.