Raft
Raft is an immutable, decentralized lending protocol that allows people to take out stablecoin loans against capital-efficient collateral.
R is the first Ethereum USD stablecoin solely backed by stETH (Lido Staked Ether). R provides the most capital-efficient way to borrow using your stETH. R aims to be the stablecoin of choice within the decentralized ecosystem, with deep liquidity across many trading pairs and a stable peg.