We are super stoked to announce our @AaveAave integration!
Rari Stable Pool currently holds a $5,000 deposit limit, and supporting the Aave stablecoin market brings more yield opportunities to our users 🙏
Read more here: https://t.co/VUG6naRPzn
— Rari Capital (@RariCapital) September 28, 2020
Their Aave integration rebalances between all of the stablecoins that Aave supports (DAI, USDC, USDT, sUSD, BUSD) to achieving the highest yield. Aave joins the list of Rari Capital’s growing list of integrations like Compound, dYdX, mStable and 0x Protocol.
Rari Capital was unveiled to the general public in June of this year. The protocol leverages Rari Fund Token (RFT) to keep track of deposits, similar to Balancer and their Balancer Pool Tokens (BPTs). Users automatically accrue interest while holding RFTs with Rari taking a 20% performance fee deduction from all yield earned by the RFT holders.
The partnership comes on the back of Aave passing its first governance proposal, AIP1.
Outside of introducing staking following a migration from LEND to AAVE, the forthcoming release of Aave V2 will bring about a suite of new features and gas optimizations, making it the perfect candidate for a project like Rari Capital looking to stay on the cutting edge of DeFi yields.
For Rari Capital, the integrations go to show that the yield aggregator is chugging along in a highly competitive market, with projects like APY Finance aggregating nearly $50M in TVL in the first 24 hours of launch.
Tarang discovered ETH in 2018 and has been actively involved in DeFi after finding PoolTogether in 2019. He’s most interested in the DEX sector as a frequent user and participant in Uniswap and Kyber Network alongside lending protocols like Aave. Tarang’s active presence in DeFi has given him a front-row seat to cutting edge trends and real-time developments. Stay up with Tarang by following him on Twitter.