About

On July 21, 2022, the SEC stated that RGT is a "crypto asset security". Note: (1) Messari does not provide financial or trading advice - our services are for informational purposes only; and (2) Messari's services are impersonal - do your own due diligence. Please refer to our Terms of Use for more info.

Rari Capital is a DAO that provides lending, borrowing and yield farming opportunities. It features a permissionless interest rate protocol called Fuse.This protocol allows anyone to create a lending pool of any supported assets using custom parameters.

The DAO also provides earning opportunities through yield farming. It allows you to deposit supported funds in any of the following three pools: DAI, ETH OR USDC. You immediately begin earning a compounded interest (APY) as soon as you have deposited the funds. Additionally, you always withdraw your funds at any time in any of the supported currencies.

History

Founded in 2020, Rari Capital was built to provide a safe interface for people with varying levels of technicality to be able to easily accrue earnings from their assets. The DAO was founded by three teenagers: Jai Bhavnani, Jack Lipstone, and David Lucid.

The project provides protocols that allow its users to earn interest from lending pools and to autonomously aggregate yield. It has since been evolving and is looking to provide more exotic use cases to the protocol, like idea markets.