Raft can generate R, the leading decentralized USD stablecoin, by opening a CDP (Collateralized Debt Position) or depositing stablecoins into the Raft protocol reserve.
R is the most capital efficient USD stablecoin, backed by high-quality collateral assets such as stETH (Lido Collateralized Ethereum) and rETH (Rocket Pool Ethereum), as well as reserve assets such as CHAI (the yield version of the DAI stablecoin). R aims to be the stablecoin of choice in the decentralized ecosystem, with deep liquidity, high yields, and stable pegs across many trading pairs. R's goal is to maintain a tight and stable peg through the Peg Stability Module, which stabilizes the price of R and allows users to trade with reserve assets such as DAI at a fixed exchange rate.