# Raft Monthly Recap: June 2023 🚣‍♂️ By [Raft](https://paragraph.com/@raft) · 2023-07-04 --- Ahoy, Rafters! Welcome to our first monthly update, where we'll share the exciting progress and achievements in the Raft ecosystem since our launch on June 5th, 2023. Every week has brought us closer to significant milestones, and we're thrilled to have you on this journey with us. Let's dive into the highlights Market Growth ------------- We're proud to announce that Raft's Total Value Locked (TVL) has exceeded $65 million, and the market capitalization for our R stablecoin has surpassed $33 million. ![](https://storage.googleapis.com/papyrus_images/d53ecb1f2ad2a856859436e4f3a99810c566d48ad70a9f5debd1f3c3fd72d906.png) These milestones demonstrate the growing trust and adoption of Raft within the DeFi space. The number of R holders has grown to more than 267 over the last few weeks. ![](https://storage.googleapis.com/papyrus_images/2248ae7f7d971f5f3a47287b60266619d4b5e230eef9d82a672dcc76b84a5fea.png) Raft holds a 10% market share out of the $650m LSDFi market. Check out [DeFi Mochi’s](https://dune.com/defimochi/lsdfi-summer) dashboard. ![](https://storage.googleapis.com/papyrus_images/d0e68832bde327fae09c01b6289e1ac061b5b6b42197a13723474b68da2b42c8.png) Governance ---------- At Raft, we prioritize decentralization, transparency, and community involvement. To facilitate this, we launched the [Raft governance forum](https://forum.raft.fi/), where community members can actively participate in discussions, propose ideas, and contribute to shaping the future of Raft. We're thrilled to see multiple proposals and ongoing discussions within the forum. [Open an account](https://forum.raft.fi/) and have your say in the future of Raft. ![](https://storage.googleapis.com/papyrus_images/c82d78c92a698dc9fd2c848d2861d05bc8afa21f3ec46bdfb4fc2e58a7dd54a7.png) Multi-Collateral Stability -------------------------- In line with our commitment to robustness and versatility, we successfully approved the proposal to add rETH as collateral, making R a multi-collateralized stablecoin supported by both stETH and rETH. This expansion strengthens the stability and resilience of the Raft protocol. Liquidity Boost --------------- The increasing popularity of R has led to significant growth in liquidity pools on platforms like Balancer and Maverick. For example, the [R/DAI](https://app.balancer.fi/#/ethereum/pool/0x20a61b948e33879ce7f23e535cc7baa3bc66c5a9000000000000000000000555) pool on Balancer has witnessed a remarkable trading volume of nearly $1.9 million in the last 24 hours. ![](https://storage.googleapis.com/papyrus_images/ddf3e0396829a4cb89bd8ff3684df78854162391c59d0a33db940b47c5e188d7.png) Data Reliability ---------------- To provide our users with reliable and transparent data, we have integrated with industry-leading oracle providers, Chainlink and Tellor. This integration enhances the security and trustworthiness of Raft's data feeds, ensuring a robust foundation for our ecosystem. Community & Events ------------------ Join the Raft guild today and discover exclusive roles available for R generators and holders. You can also collect your [Galxe OAT](https://galxe.com/raft/campaign/GCvQeUSXFK) if you have the “R HoldeR” role on Discord. Additionally, stETH and rETH holders can claim their respective roles on our Discord server by joining the [Raft Guild](https://twitter.com/raft_fi/status/1671488732845817856). Stay engaged with the Raft community, participate in discussions, and enjoy exclusive benefits. Our founder, David Garai will be speaking at Stable Summit in Paris. [![User Avatar](https://storage.googleapis.com/papyrus_images/a46b82e3d54603bacf15ff464d4cbc1bcfa627707bc234e5f321623bba42b151.jpg)](https://twitter.com/stable_summit) [Stable Summit 🦫](https://twitter.com/stable_summit) [@stable\_summit](https://twitter.com/stable_summit) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/stable_summit/status/1673330280914907138) David Garai ([@davgarai](https://twitter.com/davgarai)), Founder [@raft\_fi](https://twitter.com/raft_fi) is speaking at [#stSummit](https://twitter.com/hashtag/stSummit) $R you ready to meet the team behind the most capital-efficient USD stablecoin backed by liquid staking derivatives? Only at [stablesummit.xyz](https://t.co/LzmB6HCbaD) ![](https://storage.googleapis.com/papyrus_images/387b68eea311819e6d927e7b48702c57200990bb55770234df457da41346c896.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 22](https://twitter.com/stable_summit/status/1673330280914907138)[ 9:00 AM • Jun 26, 2023 ](https://twitter.com/stable_summit/status/1673330280914907138) Media and Twitter Spaces ------------------------ We've had the privilege of being featured in various media outlets and participating in insightful discussions. Highlights include: * [CoinDesk: New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing](https://www.coindesk.com/tech/2023/06/05/new-stablecoin-issuer-raft-is-eschewing-fiat-for-its-financial-backing/) * [The Block: Raft Goes after $13 Billion LSDFi Opportunity](https://www.theblock.co/post/233388/raft-goes-after-13-billion-lsdfi-opportunity) * [![User Avatar](https://storage.googleapis.com/papyrus_images/28ef6e6389ee4483fee5cdd5d1e28463f30862599d4f0d6cc2082264bb82132d.jpg)](https://twitter.com/Balancer) [Balancer](https://twitter.com/Balancer) [@Balancer](https://twitter.com/Balancer) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/Balancer/status/1666040238995648513) [x.com/i/spaces/1YqKD…](https://t.co/qhR9iB56EX) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 7](https://twitter.com/Balancer/status/1666040238995648513)[ 6:12 AM • Jun 6, 2023 ](https://twitter.com/Balancer/status/1666040238995648513) * [![User Avatar](https://storage.googleapis.com/papyrus_images/33db82e7cb477db98a6bbe253633a7a22b9b95e7c4c6281f5879c8aae95fc112.jpg)](https://twitter.com/AleaResearch) [Alea Research](https://twitter.com/AleaResearch) [@AleaResearch](https://twitter.com/AleaResearch) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/AleaResearch/status/1670126727589232641) Since we released our Breakdown on [@raft\_fi](https://twitter.com/raft_fi), the team has been busy. [@Balancer](https://twitter.com/Balancer) recently hosted Raft to discuss their stablecoin $R, how Raft works, their decision to launch $R-$DAI pool on Balancer, future plans, and more. Here's what we learned ![✍️](https://abs-0.twimg.com/emoji/v2/72x72/270d.png) [x.com/i/spaces/1YqKD…](https://t.co/0h45MbcG8I) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 9](https://twitter.com/AleaResearch/status/1670126727589232641)[ 12:50 PM • Jun 17, 2023 ](https://twitter.com/AleaResearch/status/1670126727589232641) * [Binance LSDFi Report](https://twitter.com/raft_fi/status/1673276719552184326) * [CoinDesk: Raft’s R Stablecoin Surges as Traders Embrace Liquid Staking Ether Products](https://www.coindesk.com/business/2023/06/21/rafts-r-stablecoin-surges-as-traders-embrace-liquid-staking-ether-products)  * [![User Avatar](https://storage.googleapis.com/papyrus_images/23da48e7f9601765d97f8207df792b09c16cba5c773c804cc04ed8d7354a8dc4.jpg)](https://twitter.com/therollupco) [The Rollup](https://twitter.com/therollupco) [@therollupco](https://twitter.com/therollupco) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/therollupco/status/1674148896073719813) Introducing: [@raft\_fi](https://twitter.com/raft_fi), a simple, yet powerful LSDFi tool ![💪](https://abs-0.twimg.com/emoji/v2/72x72/1f4aa.png) You can maximize productive capital on staked ETH using $R efficient money markets to easily add capital to your stake, yield farm elsewhere (see below), or enter a different position in the market ![](https://pbs.twimg.com/ext_tw_video_thumb/1674147645491650565/pu/img/kUkPN7iZk0Oy5cRC.jpg) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 10](https://twitter.com/therollupco/status/1674148896073719813)[ 3:12 PM • Jun 28, 2023 ](https://twitter.com/therollupco/status/1674148896073719813) * [Raft Twitter AMA](https://twitter.com/i/spaces/1vAGRArbwmqKl) * [![User Avatar](https://storage.googleapis.com/papyrus_images/aa5990f78ed4cf3027b0fd94640eb0cad09d0dfabe4f019e4d35df78f9489c6c.jpg)](https://twitter.com/deusexdao) [Deus Ex DAO](https://twitter.com/deusexdao) [@deusexdao](https://twitter.com/deusexdao) [![Twitter Logo](https://paragraph.com/editor/twitter/logo.png)](https://twitter.com/deusexdao/status/1673323867157467136) ![🚨](https://abs-0.twimg.com/emoji/v2/72x72/1f6a8.png) New podcast alert ![🚨](https://abs-0.twimg.com/emoji/v2/72x72/1f6a8.png) Our episode with [@davgarai](https://twitter.com/davgarai) from [](https://twitter.com/raft_fi)[](https://twitter.com/raft_fi)[@raft\_fi](https://twitter.com/raft_fi) Answering: ![✅](https://abs-0.twimg.com/emoji/v2/72x72/2705.png) What is @raft\_fi ![✅](https://abs-0.twimg.com/emoji/v2/72x72/2705.png) Soft and Hard peg mechanisms ![✅](https://abs-0.twimg.com/emoji/v2/72x72/2705.png) Pros of @raft\_fi [ ![](https://storage.googleapis.com/papyrus_images/65bec677d494d1ec3f2972f4e8a7f3db3d120844c4d3d00afe3aeb853116d8f1.jpg) open.spotify.com Decentralised Borrowing And LSDfi Summer With Raft -------------------------------------------------- Deus Ex DAO · Episode ](https://t.co/uCcQB2gzPZ) [![Like Icon](https://paragraph.com/editor/twitter/heart.png) 13](https://twitter.com/deusexdao/status/1673323867157467136)[ 8:34 AM • Jun 26, 2023 ](https://twitter.com/deusexdao/status/1673323867157467136) Grants ------ Congratulations to our grant recipients who have contributed to the Raft ecosystem through the Zapper integration and the creation of Dune Analytics Dashboards. Check the dashboards here: * [The Data Nerd](https://dune.com/the_datanerd/raft) * [Impossible Finance](https://dune.com/impossiblefinance/raft-finance-r) * [DCF Pascal](https://dune.com/dcfpascal/raft) We have more grants available for anyone who wants to be a part of this growing ecosystem * [Frontend Operator Integration](https://twitter.com/raft_fi/status/1668262514663084032) * [Content Creators](https://twitter.com/raft_fi/status/1664253823916077056) * [Community Growth (Korea) Grant](https://twitter.com/raft_fi/status/1673650755088318464)  * [Community Growth (LATAM) Grant](https://twitter.com/raft_fi/status/1669393597999742993)  * [Integration of R on various platforms](https://twitter.com/raft_fi/status/1674448054383001601) As 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! --- *Originally published on [Raft](https://paragraph.com/@raft/raft-monthly-recap-june-2023)*