# Raft Monthly Recap: July 2023 🚣‍♂️

**Published by:** [Raft](https://paragraph.com/@raft/)
**Published on:** 2023-08-02
**URL:** https://paragraph.com/@raft/raft-monthly-recap-july-2023

## Content

Oars up, Rafters! 🌊 Welcome back to another edition of our monthly newsletter where we'll sail through all the progress and achievements at Raft during July 2023. Let’s dive in straightaway!Market GrowthWe’re happy to share that Raft’s Total Value Locked (TVL) has continued to remain above the $50 million mark, with the market capitalization of our R stablecoin reaching $30m.R has been live for less than 2 months, and the stats, when compared to its competitors, look like this: DG @davgarai $R has now been live for 45 days Here's some on-chain metrics about how R compares to its #LSDFi competitors 25 8:02 AM • Jul 21, 2023 We now have 515 holders of R. Number go up only!GovernanceThe Raft Governance Forum is live and a lot of proposals have been submitted over the past two months. Here’s a snapshot of our forum.Open an account and have your say in the future of Raft. Liquidity BoostLPs in the R/DAI <> sDAI boosted pool will soon be able to benefit from the DAI Savings Rate (DSR) 3.49% yield while continuing to provide users with the ability to swap between R and DAI. Incentives in the $R / $DAI pool now account for 6.87% of all $BAL emissions! DG @davgarai Incentives on the R/DAI Balancer pool continue to grow, and now account for 6.87% of all BAL emissions At today's rate, this is $21k of BAL distributed to LPs per week 23 7:56 AM • Jul 27, 2023 One-Step LeverageSay bye-bye to manual folding and welcome one-step leverage (OSL) on Raft! All stETH and wstETH holders who have been leveraging their staking rewards can maximize their returns by up to 6x using OSL.Stable Summit and EthCCThe Raft team was present at Stable Summit and EthCC meeting our existing partners and exploring exciting collaborations with potential partners. Marcin | DeFi Ratings Arc 📊 @MarcinRedStone @EthCC is also about catching up with good fellows who care about style @mijovic988 scores points for the most summer type shirt I’ve seen here - @raft_fi @davgarai wen such $R merch? 13 1:40 PM • Jul 20, 2023 Our CEO, David, gave a demo on how to use Raft’s One-Step Leverage (OSL) at Stable Summit. mijovic @mijovic988 Showcasing the best leverage UX in DeFi by @davgarai 14 4:27 AM • Jul 15, 2023 David also joined a panel discussion on how to build a truly censorship-resistant stablecoin. 💪We had a lot of cool swags to offer and some fun games to play at the booth!Media and Twitter SpacesOver the past month, we’ve been a part of several Twitter Spaces where we dived deep into Raft and also spoke about the LSDFi landscape on many panels. Check out some of the Twitter Spaces last month. Rocket Pool @Rocket_Pool Our next Community Call is starting soon at a new date & time - we'll discuss a new $rETH DeFi opportunity with a special guest from @raft_fi. Afterwards, Langers & Mav will chat about the latest Rocket Pool news & updates Join the Twitter Space @ 8pm UTC on 3 July 41 9:35 AM • Jul 3, 2023 InVar Finance | InVaria2222 @InVarFinance x.com/i/spaces/1dRKZ… 8 7:45 AM • Jul 5, 2023 Farmers Market #29: Yield and Stablecoins Blockchain Oracle Summit 🦫 @OracleSummit What would you do if your oracle fails, or freezes? How do you ensure your protocol uses accurate prices despite black swan events? Join us later today with @raft_fi & @WeAreTellor as they discuss securing DeFi users with the dual oracle design: x.com/i/spaces/1YpJk… 16 5:48 AM • Jul 6, 2023 GM 100: Building safe and user-friendly DeFi protocols RedStone ♦️ @redstone_defi What's the Future of LSTs? Join us as we explore the horizon of Liquid Staking Tokens, their role in shaping the future of DeFi and untapped potential @LidoFinance, @gravitaprotocol, @raft_fi & @SavvyDeFi are ready to illuminate the path forward 11th July, 5PM CEST 29 10:00 AM • Jul 7, 2023 DIA Community Hub @DIACommunityHub Liquid Dialogues Ep 5 Join us next Wednesday for the 5th episode of Liquid Dialogues, a series of #TwitterSpaces exploring the world of liquid staking! We will be diving deep into #LSDfi with @RTPthefirst from @raft_fi. 134 10:00 AM • Jul 6, 2023 exponential.fi @ExponentialDeFi Join us and @raft_fi tomorrow to learn about how the protocol enables a new decentralized stablecoin, R, backed by liquid staked derivatives (LSDs). Mark your calendars! x.com/i/spaces/1OwxW… 8 10:24 AM • Jul 24, 2023 Radix - Radically Different DeFi @radixdlt DeFi Download Join @PiersRidyard & @davgarai, founder of @raft_fi, as they discuss the potential of liquid staking, its role in DeFi & centralization concerns. Raft is a stablecoin protocol similar to MakerDAO, but is backed by liquid staking tokens radixdlt.com/podcast/raft-a… 87 12:39 PM • Jul 28, 2023 By the way, DeFiLlama is now tracking RGrantsWe have several grants available for anyone who wants to be a part of this growing ecosystemFrontend Operator IntegrationContent CreatorsCommunity Growth (Korea) Grant Community Growth (LATAM) Grant Integration of R on various platformsAs we continue to navigate the exciting landscape of DeFi, Raft remains committed to innovation, community involvement, and building a robust ecosystem. We invite you to stay tuned for more updates, engage with our vibrant community, and be part of shaping the future of Raft. Thank you for being an integral part of our journey!

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