RAAC Partners with I-ON to Transform Gold into DeFi Assets
RAAC Enters the Spotlight in DeFi
RAAC has successfully established itself among the leading Real World Asset (RWA) protocols in the DeFi ecosystem. With its recent partnership with I-ON Digital Corp (OTCQB: IONI), RAAC has positioned itself as a noteworthy contender, now ranking in the top 15 RWA protocols by total value locked (TVL). This collaborative venture brings a significant $200 million of tokenized gold to the forefront, opening new avenues for innovative, on-chain investment opportunities.
Tokenized Gold: A New Frontier in Investment
Through this collaboration, I-ON Digital, recognized as a leader in compliant gold digitization, will introduce its gold-backed digital asset, ION.au, into the RAAC ecosystem. The deployment of $200 million worth of tokenized gold marks the inception of this groundbreaking approach to decentralized finance, which promises to redefine how investors interact with physical assets.
Innovative Financial Strategies
RAAC is set to launch pmUSD, a novel stablecoin that will be partially collateralized by ION.au. This stablecoin will provide users with robust opportunities to engage in decentralized investment strategies, further enriching the DeFi landscape. Investors will gain access to various structured yield opportunities spanning tokenized assets, including gold and other precious metals, as well as real estate.
The Mechanics of Investment
Investors can look forward to innovative mechanisms such as auto-compounding DeFi vaults and gold-backed lending markets. Participation in ZENO Bonds and iRAAC index pools will also be on offer, ensuring a wide array of investment choices for the community. This strategy not only aims to provide competitive rates but also facilitates seamless interactions with stable, income-generating assets.
Backed by Industry Leaders
RAAC's advancements in the decentralized finance sector are underscored by its affiliations with prominent figures and organizations. As a noted Chainlink Build Project, RAAC benefits from the technological innovations and guidance offered by industry pioneers, including Michael Egorov, the founder of Curve. RAAC is also reinforced by Chainlink’s proof-of-reserves and attested by Instruxi, a leading name in RWA tokenization for notable banks and asset managers.
Leadership Perspectives
Kevin Rusher, the founder of RAAC, emphasizes the significance of this partnership, stating that it represents a transformative moment for integrating physical, real-world assets into decentralized finance. He expressed excitement about collaborating with I-ON, a company with a strong track record in gold tokenization, as they strive to bring stable, income-bearing investments into the mainstream of DeFi.
A Commitment to Growth
In addition to the ongoing collaboration, I-ON commits to investing up to $1 million in RAAC, positioning itself as a pivotal founding partner of the newly created RWA Federation. This governance body will steer the ongoing development of RAAC's innovative ecosystem focused on real-world assets.
Revolutionizing DeFi with Gold
Carlos X. Montoya, CEO and chairman at I-ON Digital, remarked that this agreement represents a watershed moment for their gold-backed stablecoin, ION.au. The partnership aims to reshape the future of decentralized finance by facilitating market-ready, asset-backed stablecoins within the global financial community.
Recent Advances in the DeFi Space
The announcement comes in the wake of RAAC's successful launch of its genesis NFT collection, RAAC Bots. This collection was fully minted in less than ten seconds, quickly attracting a community of DeFi enthusiasts holding more than $30 million in on-chain capital. RAAC's current testnet is already available to non-US persons, showcasing their commitment to expanding access within the decentralized finance realm.
About RAAC
RAAC is a decentralized lending and borrowing ecosystem focused on real-world assets. By enabling participation in tokenized assets such as real estate and gold, RAAC facilitates borrowing against holdings at competitive rates, while opening up high-value arbitrage opportunities. The platform aims to bridge traditional finance with decentralized finance, thus modernizing how investors can access and leverage the most stable assets globally.
About I-ON Digital Corp
I-ON Digital Corp (OTCQB: IONI) is at the forefront of reshaping digital asset banking by turning real-world assets, particularly gold, into blockchain-secured financial instruments. Their flagship product, ION.au, is designed to offer a regulated, compliance-friendly means of investment backed by verified gold reserves. By integrating cutting-edge technologies that combine blockchain, AI, and compliance frameworks, I-ON seeks to unlock value from natural resources while mitigating environmental impacts.
Frequently Asked Questions
What is the significance of the RAAC and I-ON partnership?
The partnership aims to integrate $200 million of tokenized gold into the DeFi space, allowing innovative investment opportunities.
What is ION.au?
ION.au is a gold-backed digital asset that will be deployed into RAAC's ecosystem, partially collateralizing their new stablecoin, pmUSD.
How does RAAC plan to support decentralized finance?
RAAC will offer various structured yield opportunities and mechanisms such as DeFi vaults and gold-backed lending markets to enhance investor access.
What role does Chainlink play in RAAC's operations?
Chainlink provides proof-of-reserves and technological support to ensure the trustworthiness and efficiency of RAAC's DeFi solutions.
Where can investors learn more about RAAC?
Investors can visit the official RAAC website for detailed information on their offerings and investment strategies.
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