raidollar

Stable. Immutable. Easy.

Q2 26

[egas.hl @0xEgas]

@AndyGuzmanEth @rai_dollar coming soon as the most CROPS stablecoin ever

[militereum @militereum]

Don’t use USDC.

Use @LiquityProtocol’s $BOLD or @rai_dollar’s $RD.

Permissionless. Censorship-resistant. Unstoppable.

[raidollar @rai_dollar]

If RAI Dollar suffers a serious prolonged downward depegging, the protocol increases the redemption value of each RD until the peg returns.

That's the beauty of the design. Plus it's all immutable, autonomous and transparent onchain.

No fiat stablecoin can do that.

The Money God always wins.🗿

[Hedgeye @Hedgeye]

BREAKING: $USDT falls to $0.98 on Coinbase, most since 2022

[raidollar @rai_dollar]

We've fired our HR team.

Commits are already up.

[raidollar @rai_dollar]

If RAI Dollar ever has un-collateralized debt, the system automatically diverts accrued fees from other collaterals until it's paid off.

No governance votes.

No lawyers.

No panicking.

All on-chain, transparent and unstoppable.

Like it should be. 🗿

[raidollar @rai_dollar]

RAI Dollar will be 100% immutable and non-custodial on Ethereum.

No admin/privileged access can change the protocol once RAI Dollar is launched.

No security council can freeze the protocol or take custody of your funds, ever.

Like it should be. 🗿

[raidollar @rai_dollar]

@uttam_singhk The Money God will return🗿

[raidollar @rai_dollar]

@militereum RAI wasn't completely immutable, but that sounds about RAIght.

[raidollar @rai_dollar]

It's a good time to remind everyone what we're building on Ethereum.

RAI Dollar will be an immutable $1 stablecoin with zero governance, admin or privileged access.

Once it's launched, nothing in the protocol can be controlled or changed by anyone.

[Arbitrum @arbitrum]

The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications.

After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users.

As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.

[raidollar @rai_dollar]

@militereum @reflexerfinance RD 🗿☀️

[CoinMarketCap @CoinMarketCap]

LATEST: 📉 Shares of USDC issuer Circle fell over 18% today following a new draft of the CLARITY Act that could heavily limit the ability for stablecoins to earn yield.

[Ameen Soleimani @ameensol]

beautiful design - the best parts of @LiquityProtocol and the best parts of RAI, combined into @rai_dollar

[BT @_BT_BT_BT_]

There are $160B worth of stablecoins on Ethereum.

Less than 0.05% of those come from immutable, uncensorable protocols.

@rai_dollar will improve this.

[raidollar @rai_dollar]

@_tserg @OpusMoney The protocol will target a % of debt in each SP and a % of global debt in liquidity.

[raidollar @rai_dollar]

▶️RAI Dollar will use adaptive routing of fees to optimize system stability. 📈📉

If stability pools are too low, fees to SP depositors increase.

If liquidity is too low, fees to LPs increase.

If SP/liquidity levels are too high, fees to stakers increase.

Everybody wins. 🗿

[raidollar @rai_dollar]

@_tserg Rates will continue to climb if the system remains overshielded.

[raidollar @rai_dollar]

RAI Dollar will have an opt-in Redemption Shield 🛡️

Borrowers can pay slightly more interest and get a 100% guarantee their collateral will never be redeemed against.

[raidollar @rai_dollar]

Can't wait. 🗿🗿🗿

[raidollar @rai_dollar]

Friday nights at the arcade.