Rari Governance (RGT) is an Ethereum-based token used for governance, fee discounts, and managing liquidity pools. More
| Fully Diluted Valuation | $871,404 |
|---|---|
| 24H Trading Volume | $9 |
| 24H Low / High | $0.07 / $ 0.13 |
| Circulating Supply | 11.26M |
| Total Supply | 12.49M |
| Max Supply | 12.49M |
| Categories | Decentralized Finance (DeFi) 9 more |
|---|---|
| Founder | David Lucid 2 more |
| Website | rari.capital |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 4 more |
| Explorer | Energi 8 more |
| Contracts |
0xd29....cc623
4 more
|
| Name | Pair | OG Score |
|---|
The Rari Governance Token (RGT) is an Ethereum-based token used by Rari Capital, a decentralized finance (DeFi) platform for lending and borrowing. It was introduced in May 2020 to support the protocol's growth and functionality.
Key Uses
RGT has several important functions:
Governance: Holders can vote on key decisions, like adding new protocols or changing risk settings.
Fee Discounts: Users can receive discounts on transaction fees within the Rari Capital platform.
Pass-Through Governance: RGT also helps manage other tokens collected in Rari Capital’s liquidity pools.
Governance and Community
RGT enables decentralized governance through the Rari Capital DAO (Decentralized Autonomous Organization). This means that RGT holders can vote on proposals and help guide the platform’s development.
Token Economics
RGT tokens are periodically burned, which means they are sent to an address where they can’t be used, reducing the total supply. This process aims to increase the value of the remaining tokens as the platform grows.
Liquidity Pools
Users can earn RGT by depositing assets into one of Rari Capital’s liquidity pools:
Stable Pool ($RSPT): Safer, with audited contracts.
Yield Pool ($RYPT): Higher returns, with more risk.
ETH Pool ($REPT): Stable returns based on the price of ETH.
Founders and History
Rari Capital was founded by David Lucid, Jack Lipstone, and Jai Bhavnani, who have backgrounds in security and technology. Their experience has helped build a secure and effective DeFi platform.
Conclusion
Rari Governance Token (RGT) is essential for Rari Capital, allowing users to participate in governance, benefit from fee discounts, and manage liquidity pools. It supports the platform’s mission to offer innovative and user-focused financial services.
Rari Capital stands out for its decentralized governance model and its Rari Governance Token (RGT), which allows users to participate in key decisions, receive fee discounts, and manage liquidity pools within the DeFi space.
Rari Capital was founded by David Lucid, Jack Lipstone, and Jai Bhavnani, who have backgrounds in security and technology, contributing to the platform’s robust and secure design.
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