Collateralized Stablecoin Protocol Raft Raises Collateralization Requirement for Stablecoin R from 110% to 120%

Raft, a stETH-based collateralized stablecoin protocol, stated that in response to the recent downturn in the crypto market and the decline in overall liquidity, it will increase the collateralization ratio requirement of the stablecoin R from 110% to 120%. In addition, it has also decided to increase the loan fee to 0.5%, reduce the redemption fee to 1.5%, reduce the redemption commission rate to 50%, and increase the liquidator reward rate to 100%. Launched on the 6th, it supports users to generate USD stablecoin R by staking stETH.