Rari Capital doubled TVL to $1 billion in just two weeks De | ССenter – Blockchain and Bitcoin

Rari Capital doubled TVL to $1 billion in just two weeks

DeFi's lending, borrowing and yield generation protocol surpassed a key milestone in TVL. According to the app's dashboard, the total locked-in value of Rari Capital's decentralized financing protocol exceeded $1 billion. DeFiPulse confirms TVL's record high of $1.09 billion.

On Sept. 30, Rari Capital's TVL was reported to have exceeded $500,000, so it took about two weeks to double the pledge.

Rari Capital (RGT) was launched in July 2020 to automate DeFi by optimizing and moving user funds into the most profitable incentives at the time.

The recent momentum has been driven by a number of liquidity pools offering higher-than-typical returns for the industry. It currently offers 21.67% APR on USDC deposits and 26.43% APR on the DAI pool.