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RAYS Protocol

RAYS Protocol RAX 

97 Watchlists

Blockchain Service

Status

IDO

Raising

$ 762.50K

General Info

Contracts/Explorers:

Tags (Sub-Categories):

#Token

Funds and Backers

No funds found yet

Wallets

No wallets found yet

Description

RAYS is a decentralized platform designed to simplify the development, deployment, and discovery of dApps in the DeFi space.

Private

10 May — 20 May 2024

Raised

$ 262.50K

Price:

$ 0.0035

Tokens For Sale:

75,000,000

Platform:

N/A

Lock-up:

10% at TGE, 2 months cliff, then 12 m...

Additional Data

Total Supply

RAX 2,500,000,000

IDO Price

$ 0.00429

13 May 2024

What is RAYS Protocol?

RAYS is a decentralized platform designed to simplify the development, deployment, and discovery of dApps in the DeFi space, with a focus on Real World Asset (RWA) xApps for money markets. The platform offers a user-friendly Protocol Builder xApps that allows developers to create smart contract-based dApps without requiring extensive blockchain knowledge. The xApps Marketplace provides a one-stop-shop for users to discover, invest in, and interact with various RWA-based dApps.

RAYS features four key xApps for the DeFi space:

1. Eigenlayer Restaking Rebalance: This xApp enables automated restaking and rebalancing of assets on the Eigenlayer network to optimize staking rewards and reduce impermanent loss risk.

2. Yield Farming Rebalance: This xApp provides automated rebalancing of yield farming portfolios to optimize yields and reduce impermanent loss risk.

3. Liquid Staking on BNB: This xApp enables liquid staking on the Binance Smart Chain (BSC) network, allowing users to earn staking rewards while maintaining liquidity.

4. RWA Tokenization: This xApp enables tokenization of real-world assets such as real estate or commodities, providing greater accessibility and liquidity in traditionally illiquid markets, and enabling fractional ownership and new investment opportunities.

RAYS aims to address the complexity of dApp development for developers with limited blockchain experience and streamline the process of discovering, investing, and interacting with dApps for users. The platform targets developers seeking an easy-to-use platform for building and deploying RWA-based dApps, DeFi users looking for a user-friendly marketplace to discover and interact with various RWA-based dApps, and other DeFi projects and protocols that can benefit from integrating with the RAYS Protocol and its ecosystem of RWA-based dApps.

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