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About RAAC
RAAC is a real-world-asset lending protocol that launched the RAACLend market and pmUSD, a commodity-backed stablecoin, letting users borrow stablecoins against positions backed by physical assets. It maps off-chain assets into on-chain collateral, bridging traditional assets with on-chain liquidity.
It addresses RWA holders' lack of liquidity and inability to raise funds without selling the underlying. Its core mechanism rests on over-collateralization, oracle pricing, and Curve stable pools, with liquidation triggered by price deviation. It is a RWA and DeFi crossover lending protocol that has built multiple pools priced in crvUSD and pmUSD. Collateral is anchored to physical assets so on-chain lending's repayment source maps directly to off-chain value, with stable pools absorbing price disturbance to keep solvency order.
As a decentralized RWA lending protocol, RAAC's key milestones include:
In March 2025, RAAC officially launched its testnet, securing an initial $235 million treasury contribution from Pretio, backed by gold reserves. This provided substantial asset backing for the platform, marking RAAC's transition from concept to actual operation.
In Q4 2025, RAAC released its whitepaper, systematically outlining its two core products: RAACLend (allowing users to borrow crvUSD against tokenized RWAs such as real estate) and RWf(x) (using tokenized RWAs like precious metals as collateral to mint CDP stablecoins). The whitepaper clarified the platform's technical roadmap and long-term vision.
In July 2025, according to RootData, RAAC became the project with the most new Top followers in the past 7 days, indicating significantly increased market attention in the DeFi and RWA sectors.
These milestones collectively trace RAAC's development from testnet launch, product planning, to market recognition.
Over the past six months (2026-03-04 to 2026-09-04), RAAC has achieved significant milestones. In March 2026, its gold-backed stablecoin pmUSD settled over $1.2 million in corporate debt for I-ON Digital Corp, marking the first real-world TradFi transaction using the stablecoin and validating its infrastructure for traditional financial operations. On the DeFi front, RAAC strategically leveraged Convex to control ~4.49% of veCRV voting power, becoming the fourth-largest governance participant. By July, total veCRV weighting reached 6.50%, directing 9.35M CRV emissions to its pools. The iREET/pmUSD pool saw TVL grow from $0.90M to $3.5M, with APYs ranging 10.6%-50.4%. Looking ahead, RAAC's roadmap focuses on: Phase 2 (2026) expanding protocols with ZENO bonds, outcome-based strategy products, and onboarding $300M+ in gold assets; Phase 3 (2026-2027) targeting institutional growth through partnerships with custodians, regulated funds, and government relations for global RWA licensing. The project emphasizes sustainable yield generation through governance-driven emissions and real-world asset integration.
Kevin Rusher – Founder. Finance/accounting background; entered crypto in 2017 via KYC/AML work and GPU mining. Founded RAAC to bridge TradFi and DeFi through tokenized RWAs (real estate, precious metals).
Mike De Melo – Chief Strategy Officer. 20+ years in fintech; blockchain certification from York University. Led business development in blockchain/AI across North America and Europe. Previously CFO at Longtail Financial, Head of North American Sales at AlphaBlock, Regional VP at Invesco Canada.
Chris Hamer – Chief of Staff. Former Success Lead at Chainlink Labs (BUILD program), Business Development at Team Finance, and product manager at ConsenSys. Brings deep DeFi ecosystem and partnership experience.
RAAC charges a 2% royalty fee on every REET NFT trade, split as 0.5% to veRAAC holders, 0.5% to Protocol Services, and 1% to the RAAC Treasury.
RAAC charges a 2% minting fee, denominated in $iREET tokens, whenever a user deposits a REET NFT into the RWA Index.
RAAC applies a 2% token tax on $iREET transfers, with 0.5% allocated to veRAAC holders, 1% to Protocol Services, and 0.5% to the RAAC Treasury.