RGT

Overview of Rari Governance (RGT)

Rari Governance (RGT) is a DeFi token launched in 2020. It's the native token of Rari Capital, a decentralized lending protocol. RGT holders can participate in governance votes on the protocol's future and receive discounts on borrowing fees. The token is currently trading on major cryptocurrency exchanges like Coinbase and CoinMarketCap. You can store RGT in any Ethereum-compatible wallet.

Pros and Cons

Pros:

• Decentralized Lending and Borrowing: RGT empowers users to participate in a permissionless lending and borrowing marketplace. Unlike centralized platforms, Rari Capital operates as a DAO, giving RGT holders a direct say in its governance.

• Dual Role Token: RGT serves a dual purpose. It grants voting rights for protocol governance and also functions as the primary currency for generating yield on user contributions within the Rari Capital liquidity pools. This combined utility adds value for token holders.

• Focus on Community Governance: Rari Capital prioritizes decentralization. RGT holders play a crucial role in shaping the protocol's future through voting on proposals that can impact interest rates, supported cryptocurrencies, and new features.

Cons:

• Complex DeFi Space: The DeFi landscape is constantly evolving and can be intricate for newcomers. Understanding concepts like liquidity pools, impermanent loss, and smart contract risks is essential before diving into RGT.

• Impermanent Loss Risk for Liquidity Providers: While contributing to liquidity pools offers the potential to earn yield on deposited assets, impermanent loss is a significant risk. If the price of the deposited assets fluctuates significantly, users might receive less value when withdrawing their assets compared to simply holding them.

• Volatile Cryptocurrency Market: RGT, like most cryptocurrencies, experiences price swings. This volatility can lead to substantial losses for investors, especially those with short-term investment horizons.

• Limited Track Record: Launched in 2020, Rari Capital is a relatively young project compared to established DeFi protocols. The long-term success of the protocol and, consequently, the value of RGT, remains to be seen.

What Makes Rari Governance (RGT) Unique？

A few things make Rari Governance (RGT) unique in the DeFi space:

• DAO-governed Lending and Borrowing: Unlike some other lending protocols, Rari Capital is completely managed by a Decentralized Autonomous Organization (DAO). This means RGT holders have a direct say in the protocol's direction through voting on proposals. This focus on community governance sets it apart from centralized lending platforms.

• Dual Role Token: RGT serves a dual purpose. It's not just a governance token. RGT is also the primary currency used to generate yield on users' liquidity pool contributions within the Rari Capital protocol. This combined utility for both governance and yield generation adds value for RGT holders.

• Focus on Decentralization: Rari Capital's design prioritizes decentralization. Even its governance system, Governor Bravo, is a fork of Compound's system, emphasizing a permissionless and community-driven approach. This focus appeals to users who value a truly decentralized lending experience.

How Does Rari Governance (RGT) Work？

Rari Governance (RGT) operates within the Rari Capital protocol, a DeFi lending platform. Users can deposit their crypto assets into Rari's liquidity pools, earning interest on their contributions. RGT holders, through their token holdings, govern the protocol by voting on proposals. These proposals can affect things like interest rates, supported cryptocurrencies, and new features.

The RGT token itself serves a dual role: acting as a governance token and also being the main currency used to generate yield on user contributions within the protocol. This system creates an incentive for holding RGT, as it grants voting rights and access to potential yield generation.



Market & Price

Rari Governance (RGT) had a single airdrop event in June 2021. While there aren't currently any ongoing airdrops, you can track potential future airdrops from other projects by following RGT on social media or using airdrop tracking services.

As for RGT's circulation, it has a near fixed supply with a max of around 12.5 million tokens. Over 90% of this supply is currently circulating, meaning most of the tokens are already in the market. You can find the current price of RGT on major cryptocurrency exchanges.



Exchanges to Buy Rari Governance (RGT)

Here's a breakdown of some exchanges that support buying Rari Governance (RGT), including currency and token pairs:

• Coinbase (US-based): Offers RGT trading through Coinbase Wallet, which requires users to hold other cryptocurrencies like Ethereum (ETH) to buy RGT (RGT/ETH).

See this link for details on how to buy RGT: https://www.coincarp.com/investing/how-to-buy-rgt/

Buying Rari Governance (RGT) can be a bit complex because you first need to buy another cryptocurrency that can be easily purchased with fiat currency. Here's a breakdown of the steps involved:

• 1.Purchase a tradable cryptocurrency: You'll first need to buy a well-established cryptocurrency like USDT, BTC, ETH, or BNB. These can be easily purchased using fiat currency on a crypto exchange or crypto wallet that supports OTC USDT trade.

• 2.Transfer crypto to a centralized exchange: Once you have USDT, ETH, or BNB, transfer them to a centralized exchange (CEX) that supports trading Rari Governance Token (RGT) in their spot market.

• 3.Trade for RGT: After the funds arrive in your CEX wallet, you can finally trade them for Rari Governance Token (RGT).



• CoinMarketCap (Global): Primarily a data aggregator, but provides links to various exchanges supporting RGT trading. Specific pairs will vary by exchange.

• Uniswap (Decentralized Exchange): A popular DEX where you can swap various cryptocurrencies for RGT. Common pairs include RGT/ETH, RGT/DAI (Dai Stablecoin), and RGT/USDC (USD Coin Stablecoin).

• SushiSwap (Decentralized Exchange): Similar to Uniswap, SushiSwap allows swapping RGT for other tokens. Common pairs include RGT/ETH, RGT/WETH (Wrapped Ether), and RGT/USDT (Tether Stablecoin).

• Binance (Global, except some regions): A major exchange offering a wide variety of cryptocurrencies, including RGT. You can buy RGT with various fiat currencies (USD, EUR, etc.) or other cryptocurrencies (RGT/BTC, RGT/BNB - Binance Coin).

• Kraken (Global, except some regions): Another large exchange with RGT trading options. While fiat purchases might not be available everywhere, you can find RGT pairs with major cryptocurrencies like ETH and USDC.

• Huobi Global (Global, except some regions): A popular exchange in Asia, Huobi offers RGT trading with various pairs, including RGT/USDT, RGT/BTC, and R GT/ETH.

• FTX (Global, except some regions): A leading crypto derivatives exchange, FTX also allows buying RGT with other cryptocurrencies. Common pairs include RGT/USD (Perpetual Contract), RGT/ETH, and RGT/BTC.

• Crypto.com (Global, except some regions): This exchange offers RGT trading with various fiat and crypto options. You can buy RGT with credit cards or with other cryptocurrencies like Bitcoin (RGT/BTC) or CRO (Crypto.com Coin).

• Bitfinex (Global, except some regions): A veteran exchange that supports RGT trading with various crypto pairs, including RGT/USD (Tether Margin), RGT/ETH, and RGT/DAI.

• Gate.io (Global, except some regions): This exchange offers RGT trading with various fiat and crypto options. You can buy RGT with credit cards or with other cryptocurrencies like Bitcoin (RGT/BTC) or USDT.



How to Store Rari Governance (RGT)？

There are two main ways to store Rari Governance Token (RGT):

• Hot wallets: These are online wallets offered by exchanges, such as Binance Wallet. They are convenient to use but are less secure than cold wallets.

• Cold wallets: These are offline wallets that store your RGT tokens on a physical device. There are two types of cold wallets:

• Paper wallets: These are simply a piece of paper with your public and private keys printed on them in QR code form. They are very secure but can be inconvenient to use.

• Hardware wallets: These are physical devices that store your RGT tokens on a USB drive. They are more convenient to use than paper wallets and are considered to be very secure.

The best way to store your RGT tokens depends on your individual needs. If you are planning to hold your tokens for a long term and security is your top priority, then a cold wallet is the best option. If you plan to trade your tokens frequently, then a hot wallet is more convenient.

Is It Safe？

Rari Governance (RGT) lets users borrow and lend cryptocurrencies in a decentralized way. RGT token holders govern the protocol by voting on changes. For security, storing RGT in a hardware wallet is ideal, but it can also be kept on a secure cryptocurrency exchange with two-factor authentication enabled. The token address for sending and receiving RGT is 0xEa3d4A45DbC552F7536677a8f77E55a8a57752e4.

Remember, while RGT is generally safe, it's still a cryptocurrency investment with inherent risks like price volatility and potential protocol hacks.

How to Earn Rari Governance (RGT)？

Here's a breakdown of how to earn Rari Governance (RGT) and some professional advice for those considering buying it:

Earning RGT:

• Liquidity Pool Deposits: The primary way to earn RGT is by depositing crypto assets into Rari Capital's liquidity pools. These pools act like a decentralized lending market, and users supplying liquidity earn interest on their deposits. However, there's inherent impermanent loss risk to consider, where the value of your deposit might fluctuate due to price changes.

• Governance Participation: RGT holders can participate in the Rari Capital DAO's governance process. By voting on proposals, you can influence the protocol's future direction. While there aren't direct rewards for voting, actively engaged governance can benefit the protocol's long-term health, potentially impacting the value of your RGT holdings.

• Future Incentives: There's always the possibility of future airdrops or incentive programs from other DeFi protocols that might involve RGT. However, relying solely on these possibilities is not a sound strategy.

Buying RGT: Professional Advice

• Do Your Research: RGT is a DeFi token with a focus on governance and yield generation within the Rari Capital protocol. However, DeFi is a fast-paced and evolving space. Research Rari Capital's roadmap, understand the potential risks and benefits, and assess if it aligns with your investment goals.

• Consider Alternatives: While RGT offers governance and yield generation, explore other DeFi protocols and their governance tokens. Compare features, risks, and potential returns before making a decision.

• Long-Term Focus: RGT, like most cryptocurrencies, is volatile. If you consider buying, approach it with a long-term perspective. Short-term trading can be risky, especially in a volatile market.

• Start Small: If you decide to invest, start with a small allocation to limit potential downside. Consider dollar-cost averaging to gradually build your position over time.

• Security is Paramount: Whether you buy RGT or any other cryptocurrency, prioritize secure storage. Choose a reputable exchange or a secure wallet like a hardware wallet.

Conclusion

Rari Governance (RGT) offers a unique take on DeFi governance, allowing holders to influence the Rari Capital protocol's direction and potentially earn yield through liquidity pool contributions. However, the competitive DeFi landscape and inherent risks like impermanent loss demand thorough research before buying.

While RGT's value could appreciate if the Rari Capital protocol thrives, its success hinges heavily on strong community engagement and navigating a dynamic market. Ultimately, whether RGT makes money depends on various factors, and it's best to approach it as a long-term, high-risk investment.

FAQs

Q: What can I do with RGT？

A: Primarily, you can vote on proposals to modify the Rari Capital DeFi protocol's functionalities and fees.

Q: Where can I store RGT？

A: For maximum security, hardware wallets are recommended. Alternatively, reputable cryptocurrency exchanges with 2FA can be used.

Q: Is RGT a good investment？

A: While RGT offers governance rights, thoroughly research DeFi and its inherent risks before investing.

Q: How do I stay updated on RGT？

A: Follow Rari Capital's official channels for news on protocol updates and potential governance votes.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.