rDAI

rDai (redeemable DAI) allows you to invest your money in an Interest generating pool, used for collateralized loans. You still hold on to the exact amount you invested, and can spend and transfer it at will.

You also decide who benefits from the generated interest: yourself, a community fund, a charity, or a dApp you are using.

rDAI is a fungible ERC20 token, meaning you can send any amount to any user, and they can always redeem it 1:1 for DAI

For Charities

Donate for free. Set it and forget it charitable giving where you don't lose a $DAI. When you need the cash back, easily redeem you rDAI for DAI. The world will thank you.

For users

Keep your rDAI safe in cold storage, and keep the interest in a hot wallet for everyday spending. Easily keep track of your ROI and exit your investment rapidly.

For Communities

Exchange some DAI for rDAI, and set a community DAO as your beneficiary. Transact freely amongst community members in rDAI. Your DAI will be compounding for the community in the background.

For Buidlers

Monetize your deposits by using rDAI in your dApp instead of simple DAI. While using your app, users can easily grant you their accrued interest, with no friction.

For Payment protocols

Do you have a layer 2 payment solution? Use rDAI instead of DAI, and monetize your users' deposits. Maybe you could use the extra cash to pay for the exit meta-txs?!

For DeFi

Use rDAI as a financial primitive for new and exciting use cases, bringing easy monetization while maintaining frictionless ERC20 transfer capabilities.