PANews reported on October 10 that the stETH-based collateralized stablecoin protocol Raft announced its token economics. The RAFT token has two core functions: governance and collateralization. Token holders can provide liquidity in the Balancer pool and stake their Balancer liquidity pool tokens to obtain veRAFT. VeRAFT holders can vote on key protocol decisions to drive Raft's growth while receiving RAFT token rewards. The total amount of RAFT is 2.5 billion, of which: investors account for 25.91%; the ecosystem and incentive mechanism account for 21.43%; the team and advisors account for 19.61%; the community account for 16%; the treasury account for 15%; and the CEX market-making fund account for 2.5%.

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