Kryptolesson #33

About Rari Capital and the Rari governance token (RGT)

The Rari Governance Token (RGT) is the native token behind Rari Capital ↗, that is an Ethereum-based, nun-custodial decentralized finance (DeFi) robo-advisor platform. Rari Capital is run by a decentralized autonomous organization (DAO ↗) which mission is to optimize and simplify autonomous yield generation for private users.

Rari Capital offers a handful of decentralized finance protocols that enable individuals to create and deliver aggregate yield. For example, the open interest rate protocol FUSE ↗ enables users to build their own, isolated lending pools. The asset, as well as parameters such as interest rare curve, collateral factor, reserve factor, or liquidation incentive can be set freely. Therewith, users can autonomously create own financial products, and earn yield with those. FUSE protocol with its smart contracts handles all essential lending, borrowing and yield earning processes. To learn more about other products of Rari Capital, we recommend clicking here ↗.

As mentioned, RGT is the native token behind Rari Capital. Like with other governance tokens, holders are permitted to participate in steering and governmental decisions. With holding RGT, one can submit proposals, vote, and delegate voting rights regarding products of Rari Capital. Here, voting processes happen by means of GovernorBravo ↗, that is a governance system forked off Compound ↗. In total, 87,5% of the RGT token can be used for yield farming by the public, while 12,5% are hold by the Rari Capital team.

The RGT token can be bought and traded against other cryptocurrencies on multiple common exchange platforms such as Coinbase ↗, Sushiswap ↗, kraken ↗, and 1inch exchange ↗. As more autonomous finance facilities as enabled by Rari Capital match with the general tonus of blockchain-based, decentralized finance solutions, Rari Capital and its native token RGT might be thrilling to watch, and represents a prime use case for distributed ledger technology.

Photo by Simone Hutsch