Rari Capital

Team Cites Technical Challenges And Future Regulations As Risks

Escalation of Malicious Attacks Shows No Sign of Abating

Decentralized money market Rari Capital's DAO is the latest to look at diversifying its treasury, launching a governance proposal that pushes for a share of its native RGT token holdings to be converted into stablecoins.

Rari Capital, the DeFi protocol created by teenagers, has shipped perhaps its biggest product to date — permissionless lending pools. The new feature allows anyone to create a lending and borrowing pool on the open interest rate protocol, meaning anyone can create a pool for any asset, thereby expanding DeFi possibilities.  Projects like NFTX, which…

As a teenager, I was mostly concerned with getting decent grades, obtaining terrible liquor, and attracting girls with a rock band despite only playing the saxophone. Today, teenagers are running multi-million dollar DeFi protocols. Jai Bhavnani, 19, David Lucid, 20, and Jack Lipstone, who just turned 20, founded Rari Capital in April 2020, less than…