Raft is a DeFi protocol that allows you to generate R by depositing liquid staking tokens (LSDs) as collateral. It offers a capital-efficient borrowing solution while preserving your staking rewards. R is the most capital-efficient USD stablecoin backed by liquid staking tokens like stETH (Lido Staked Ether) and rETH (Rocket Pool ETH), providing an optimal option for borrowing against LSD collateral. The goal of R is to become the preferred stablecoin in the decentralized ecosystem, offering deep liquidity across various trading pairs and maintaining a stable peg to the US dollar through a combination of hard and soft peg mechanisms.