RAAC Launches Testnet for $235m Gold-Backed RWA Platform

Today, we at RAAC - a decentralized Real World Asset (RWA) lending and borrowing ecosystem - are launching our testnet. This is an exciting moment for us after years of planning and strong institutional demand.

This demand has helped us secure $235 million in gold-backed deposits at launch from one of the largest gold reserves in North America as we pursue opportunities in US rental property and more.

Grounded in the $1.8 billion Curve ecosystem, RAAC is a member of the Chainlink Build program and has been incubated by The LLamas – a DeFi community that supports, builds, and promotes Curve ecosystem growth.

We are proud to say that Curve founder and RAAC advisor Michael Egorov is one of our key advisers. In our public announcement, he stated: “Most value in crypto is driven by DeFi and payments. However, as for DeFi ...