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Rari Governance Token can be traded using Coinbase Wallet, your key to the world of crypto.
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RGT is an Ethereum token that powers Rari Capital, a decentralized protocol for lending and borrowing. The Rari Governance Token is used for fee discounts and protocol governance.
Governance Token, with the ticker RGT, is the governance that powers , a decentralized protocol for lending and borrowing. The RGT was announced as a part of Rari Capital's objective to develop the decentralized finance () space toward a sustainable model. are essentially the blockchain tokens that give their holders voting and management power. They are especially important in the DeFi environment, where power balance is required. Using governance tokens, users can vote on proposals related to the blockchain.
As per the platform’s website, Rari Capital empowers people to break free by producing new opportunities, communities, and financial products. Rari Capital is the primary interface to interact with the Rari protocol on , which can be accessed by anybody across the world. An important feature offered by Rari Capital is the (decentralized autonomous organization), which ensures that all decision rights belong to the platform users.
Subsequently, the to serve, namely maintaining governance, passthrough governance, and fee discounts. The token is utilized in decisions to integrate new protocols, edit pools, and risk parameters that maintain governance. On the other hand, the token serves as pass-through for their governance when a pool accumulates other tokens like $COMP, $BAL, etc. Apart from these, users can also utilize the token for fee discounts from the Rari protocol.
Furthermore, RGT is burned for every transaction generated by the protocol. Burning implies sending the tokens to an unusable wallet address to remove them from circulation. This process leads to a total decrease in the supply of RGT tokens as the protocol succeeds.
in May 2020 in the USA by David Lucid, Jack Lipstone, and Jai Bhavnani. Having worked for MyCrypto, Scoot, Bain, and many others, the Rari team comes from a security-related background. On October 22, 2020, the group launched v2.0 of the Rari protocol, the token, and the three liquidity pools.
To start earning the RGT, users have to deposit into one of their liquidity mining pools depending upon their risk appetite. is a decentralized finance method in which users contribute a portion of their crypto assets to various liquidity pools and are rewarded with tokens and fees in exchange.
The three pools are the stable pool ($RSPT), yield pool ($RYPT), and ETH pool ($REPT). The stable pool interacts with exclusive audited contracts in a safer way. On the other hand, the yield pool has the highest returns irrespective of leveraged or unaudited contracts. Lastly, the ETH pool delivers safe and stable returns with the ETH price basis.
The total supply of RGT tokens is capped at 12,498,173.
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4 unique individuals are talking about Rari Governance Token and it is ranked #1,830 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Rari Governance Token has an average sentiment score of 0.9 out of 5. Finally, Rari Governance Token is becoming more newsworthy, with 0 news articles published about Rari Governance Token. This is a 0% increase in news volume compared to yesterday.
On Twitter, people are mostly bullish about Rari Governance Token. There were 50% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Rari Governance Token. 50% of tweets were neutral about Rari Governance Token. These sentiments are based on 8 tweets.
On Reddit, Rari Governance Token was mentioned in 0 Reddit posts and there were 0 comments about Rari Governance Token. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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0.9 out of 5
The price of Rari Governance Token has fallen by 12.19% in the past 7 days. The price declined by 4.83% in the last 24 hours. In just the past hour, the price shrunk by 1.10%. The current price is $0.76 per RGT. Rari Governance Token is 98.89% below the all time high of $68.21.
The current circulating supply is 12,472,025.562 RGT.