Raft

Raft is a DeFi protocol that lets you generate R by depositing liquid staking tokens (LSDs) as collateral, providing a capital-efficient way to borrow while keeping your staking rewards. R is a decentralized USD stablecoin backed by liquid staking tokens like stETH (Lido Staked ETH) and rETH (Rocket Pool ETH). R aims to be the stablecoin of choice within the decentralized ecosystem, with deep liquidity across many trading pairs and a stable peg to the US dollar maintained through a combination of hard and soft peg mechanisms.