RaftRaft Security Incident: Post-Mortem Analysis and Recovery Plan
On 10 November 2023 at 18:59:23 UTC, Raft encountered a complex security incident, resulting in the minting of ~$6.7 million unbacked R, subsequently, the attacker sold R, causing R's depeg. A public announcement of the exploit was made on 10 November 2023 at 19:18 UTC.The IncidentExploit Transaction: https://etherscan.io/tx/0xfeedbf51b4e2338e38171f6e19501327294ab1907ab44cfd2d7e7336c975ace7 Raft Exploiter: https://etherscan.io/address/0xc1f2b71a502b551a65eee9c96318afdd5fd439fa Exploited ...
RaftSolvency Unlocked: Liquidations and Redistributions
In the thrilling world of decentralized finance, solvency and stability are the dynamic duo that guarantee user trust and adoption. Enter Raft, a decentralized lending protocol that allows people to take out stablecoin loans against capital-efficient collateral. Raft’s first stablecoin is called R and is backed exclusively by stETH (Lido Staked Ether). With its eyes set on becoming the number one stablecoin within the decentralized ecosystem, R relies on the powerful tag team of liquidations ...
RaftUnveiling Raft's LP Staking Mechanism
In our previous blog, we introduced RAFT tokenomics, providing a brief glimpse of how veRAFT fosters community engagement and long-term commitment. Let's dive deeper into veRAFT's mechanics and discover the benefits it offers to the community.RAFT Use CasesRAFT serves two primary functions within our ecosystem:Staking: RAFT token holders can provide liquidity into the RAFT/R 80:20 Balancer pool and stake their Balancer LP token (BPT) into the Raft staking contract for up to 24 month...
Raft will voyage again
RaftRaft Security Incident: Post-Mortem Analysis and Recovery Plan
On 10 November 2023 at 18:59:23 UTC, Raft encountered a complex security incident, resulting in the minting of ~$6.7 million unbacked R, subsequently, the attacker sold R, causing R's depeg. A public announcement of the exploit was made on 10 November 2023 at 19:18 UTC.The IncidentExploit Transaction: https://etherscan.io/tx/0xfeedbf51b4e2338e38171f6e19501327294ab1907ab44cfd2d7e7336c975ace7 Raft Exploiter: https://etherscan.io/address/0xc1f2b71a502b551a65eee9c96318afdd5fd439fa Exploited ...
RaftSolvency Unlocked: Liquidations and Redistributions
In the thrilling world of decentralized finance, solvency and stability are the dynamic duo that guarantee user trust and adoption. Enter Raft, a decentralized lending protocol that allows people to take out stablecoin loans against capital-efficient collateral. Raft’s first stablecoin is called R and is backed exclusively by stETH (Lido Staked Ether). With its eyes set on becoming the number one stablecoin within the decentralized ecosystem, R relies on the powerful tag team of liquidations ...
RaftUnveiling Raft's LP Staking Mechanism
In our previous blog, we introduced RAFT tokenomics, providing a brief glimpse of how veRAFT fosters community engagement and long-term commitment. Let's dive deeper into veRAFT's mechanics and discover the benefits it offers to the community.RAFT Use CasesRAFT serves two primary functions within our ecosystem:Staking: RAFT token holders can provide liquidity into the RAFT/R 80:20 Balancer pool and stake their Balancer LP token (BPT) into the Raft staking contract for up to 24 month...
Raft will voyage again
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The wait is finally over!
We’ve outlined the complete eligibility criteria for Wave 1 of the RAFT airdrop! Dive in to discover if you have qualified for the RAFT airdrop and how you can claim your tokens.
Allocation: 1.5% of the total RAFT supply (37,500,000 RAFT tokens).
Token Contract Address: 0x4C5Cb5D87709387f8821709f7a6664f00DcF0C93
Snapshot Date: 28 September 2023, at 16:30 UTC (Mainnet block: 18235432).
Eligible Wallets: 604 wallets have qualified for Wave 1.
Claiming Starts: 11 October 2023, at 12:00 UTC.
The RAFT airdrop distribution for Wave 1 can be seen here:
Users will be able to check their eligibility for Wave 1 of the RAFT airdrop from 12:00 UTC, 11 October 2023.
The Wave 1 airdrop will be live at https://claim.raft.fi/. The claim page will go live at 12:00 UTC, 11 October 2023.
All airdrop recipients will be able to claim their RAFT airdrop and have the option to easily stake to get boosted RAFT rewards by following these steps:
Connect your wallet to RAFT claim page
Check your wallet eligibility
If eligible, click on next to get an overview of RAFT staking
Select the preferred staking period (up to 2 years)
Review your transaction
Claim and stake your airdrop
Get all the details on RAFT staking here.
Website: https://www.raft.fi/
Twitter: https://twitter.com/raft_fi
Discord: https://discord.com/invite/raft-fi
Telegram Channel: https://t.me/raft_fi
Telegram Group: https://t.me/raft
Documentation: https://docs.raft.fi/
The wait is finally over!
We’ve outlined the complete eligibility criteria for Wave 1 of the RAFT airdrop! Dive in to discover if you have qualified for the RAFT airdrop and how you can claim your tokens.
Allocation: 1.5% of the total RAFT supply (37,500,000 RAFT tokens).
Token Contract Address: 0x4C5Cb5D87709387f8821709f7a6664f00DcF0C93
Snapshot Date: 28 September 2023, at 16:30 UTC (Mainnet block: 18235432).
Eligible Wallets: 604 wallets have qualified for Wave 1.
Claiming Starts: 11 October 2023, at 12:00 UTC.
The RAFT airdrop distribution for Wave 1 can be seen here:
Users will be able to check their eligibility for Wave 1 of the RAFT airdrop from 12:00 UTC, 11 October 2023.
The Wave 1 airdrop will be live at https://claim.raft.fi/. The claim page will go live at 12:00 UTC, 11 October 2023.
All airdrop recipients will be able to claim their RAFT airdrop and have the option to easily stake to get boosted RAFT rewards by following these steps:
Connect your wallet to RAFT claim page
Check your wallet eligibility
If eligible, click on next to get an overview of RAFT staking
Select the preferred staking period (up to 2 years)
Review your transaction
Claim and stake your airdrop
Get all the details on RAFT staking here.
Website: https://www.raft.fi/
Twitter: https://twitter.com/raft_fi
Discord: https://discord.com/invite/raft-fi
Telegram Channel: https://t.me/raft_fi
Telegram Group: https://t.me/raft
Documentation: https://docs.raft.fi/
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