RAAC (Real Asset Acquisition Corp)

RAAC is a DeFi lending and borrowing ecosystem that bridges real-world assets (RWAs) with decentralized finance. It offers two core products: RAACLend, which tokenizes real estate as NFTs for use as collateral to borrow crvUSD, and RWf(x), a CDP stablecoin silo system that tokenizes commodities (e.g., gold → pmUSD) and deploys them on-chain for yield. The protocol serves commodity investors, institutions, and DeFi users seeking uncorrelated collateral and yield opportunities sourced from traditionally static off-chain assets.

RAAC makes money (and gives yield to users) through two main product tracks plus a reward system for locked tokens. Here is how it all flows.

RAACLend – the real-estate track

Loans are backed by real estate that has been turned into NFTs. When borrowers pay interest on those loans, lenders get 90% of that interest (RAAC keeps a 10% fee). Interest rates follow the US prime rate, with an extra penalty if too many people are borrowing at once.

The real estate itself produces rental income. That income is split:

• 80% goes to Liquidity Providers who supply token pairs like RervUSD/DEcrvUSD or $iREET/crvUSD (via "secondary gauges" – reward pools)
• 20% goes to Protocol Services (the project's operating budget)

When crvUSD in the lending pool is not being borrowed, it is automatically deposited into Curve's Savings product (scrvUSD) to earn extra yield.

Stability Pool depositors – people willing to take on higher bad-debt risk – may earn up to 80% of the rental income from borrower collateral. How much they get is decided by holders of $veRAAC tokens through the secondary gauge.

Other fees in RAACLend:

• 2% royalty on REET NFT trades (split: 0.5% to $veRAAC holders, 0.5% to Protocol Services, 1% to Treasury)
• 2% tax on $iREET token trades (split: 0.5% $veRAAC, 1% Protocol Services, 0.5% Treasury)
• 2% minting fee on $iREET (goes to Treasury)
• 3% liquidation guard fee
• 0.05% vault deployment fee
• 2.5% liquidation fee (goes to Treasury)

RWf(x) – the commodity-stablecoin track

This part works in independent "silos." Each silo handles one asset type – for example, gold is turned into an on-chain token, which is then deposited into a silo treasury. That treasury mints COD tokens (Collateralized Debt Obligations), which represent shares in the treasury.

COD holders get paid:

• 50% of the on-chain yield the treasury earns
• 100% of any off-chain yield (e.g., from the physical asset)

RAAC receives:

• 10% of each silo's COD tokens (which gives it 10% of off-chain yields)
• 40% of on-chain yield generated when silo stablecoins are deployed into DeFi

A 2% mint fee on silo stablecoins is split among ecosystem partners.

$veRAAC – value for locked token holders

People who lock their RAAC tokens (getting $veRAAC) receive:

• 80% of all RAACLend platform revenue
• 0.5% of REET NFT and $iREET trading volume
• Weekly $leRAAC emissions through the primary gauge
• Monthly RWA yield distributions through the secondary gauge

Auto-compounders (built with LlamaAirforce) automatically turn gauge rewards and fees into LP positions. The Treasury takes a 20% performance fee on any yield generated by these auto-compounders.

The RAAC whitepaper describes several token sale rounds and allocations. The total $RAAC supply is 21,000,000 tokens. Allocation categories include: "Angel Round" (7.60% of supply, 48-month vesting, 2.74% unlocked at TGE), "Llama Round" (2.50% allocation, 24-month vesting, 5% unlocked at TGE), "US Round" (0.3125% allocation, 12-month vesting, 0% at TGE), "Investors & Partners" (5.50% allocation, 24-month vesting, 0% at TGE), and "Bond Sales" (7.00% allocation). The lightpaper additionally mentions "Private Rounds: 4.70%" and "Public Round: 10%". However, no specific investor names, fund names, institutions, or individual backers are publicly disclosed on the official website, blog, documentation, or whitepaper. The Chainlink Build program blog post notes that RAAC committed 4% of its native token supply to Chainlink service providers (including stakers) as part of that program — this is an ecosystem/service provider arrangement rather than a traditional investment round. No fundraising amounts, round dates, or valuation details are publicly stated on the official sources reviewed.