$iREET Bond matures smoothly and the $iREET pool experiences a 3x growth in assets.
17 properties, $5.9M in underlying value, $41,884 in monthly rental income.
Unimpaired.
Next, $iREET becomes collateral in RAACLend.
More details coming👇
Do not click any link under this tweet. Any content that looks like RAAC is a spam, fake, or phishing attempt.
*RAAC protocol is only available in a limited number of jurisdictions and is not available in the US*
The asset is intact. The infrastructure around it is being built out.
Redemption. RAACLend. What comes next.
Full breakdown in the blog 👇
https://t.co/nKHdQ97D5M
The in-situ gold backing pmUSD is verifiable on-chain.
ION Digital Proof of Reserve feed is live on @chainlink also thanks to @instruxi.
16 independent node operators.
59,549 tokens in reserve.
https://t.co/JzxEjGbj43
BUILT ON CONVEX
Convex became infrastructure and these protocols use it as a core building block — aggregating its yields, integrating its pools, or building products that depend on Convex being there.
We are pleased to announce that we have reached a tentative agreement with a physical gold exchange provider to facilitate pmUSD redemptions.
Subject to finalization, this arrangement is expected to enable redemptions commencing during the first week of July. In parallel, our team is actively working to accelerate the implementation timeline, with the objective of making redemption functionality available within the next 30 days.
At this stage, the identity of the counterparty will remain confidential pending the execution of definitive binding agreements and completion of all required legal, regulatory, compliance, and onboarding procedures.
Further details will be disclosed once the relevant arrangements have been formally finalized and all applicable requirements have been satisfied.
RAAC Team.