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Rari Governance Token (RGT) is the 1700th largest cryptocurrency in the world by market cap, valued at $4,766,647. The current price of Rari Governance Token is $0.38178841690353, which is -3.354% lower than yesterday. Prices have ranged between $0.423378 and $0.36171 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 09:02 UTC.
Rari is a decentralized finance (DeFi) platform that allows users to lend, borrow and farm yield a variety of different cryptocurrency assets. According to the project’s blog, Rari Capital intends to build technologies that permit the masses to earn on their idle capital without any intervention by the user.
Built on the Ethereum blockchain, the DeFi application’s unique selling point is its automated non-custodial fund. Relying on underlying smart contracts users can entrust cryptocurrencies to the platform. The platform then finds the best yield-earning opportunities among DeFi applications. Portfolios are rebalanced automatically utilising both cryptocurrencies and stablecoins. Thanks to its decentralized infrastructure, the platform can be used by anyone, anywhere in the world. As a result, it provides an opportunity for the third-world unbankable to earn a yield on savings.
RGT is the native cryptocurrency of the Rari ecosystem. It is primarily used to facilitate a variety of financial transactions. Token holders are also eligible to vote on development decisions.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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