> For the complete documentation index, see [llms.txt](https://gitbook.raac.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://gitbook.raac.io/learn/overview.md).

# Overview

## Step 1: RWA Tokenization

In the first step, RAAC helps RWA asset owners tokenize their assets onchain.

<details>

<summary>REET NFTs</summary>

RAAC tokenizes real estate by creating a REET NFT representing a contractual right to a specific property. REETs NFTs may be traded on third-party marketplaces and eligible holders may also redeem the NFT to exercise its contractual right to title to the off-chain real estate.&#x20;

</details>

<details>

<summary>iREET</summary>

The REET Index, or iREET, allows users to gain exposure to the performance of real estate markets without purchasing a full REET NFT.

</details>

<details>

<summary>RWf(x)</summary>

RWf(x) stablecoin silos operated by third parties allow RAAC to bring RWA assets on-chain. Each independent silo is a self‑contained vault that tokenizes a single asset class. Examples could include: gold, farmland, oil, data, water, etc.

Independent silos mint a branded stablecoin (e.g., pmUSD) against the asset.

</details>

## Step 2: Unlocking Yield

Once RWAs are tokenized, holders may unlock their latent liquidity and earn onchain yield.

<details>

<summary>RAACLend</summary>

REET NFTs and iREET tokens can be used as collateral to borrow crvUSD from the RAAC lending pool.

The interest rate for borrowers is soft-pegged to $$\frac{USPrimeRate}{2}$$, ensuring the rate for borrowers is always competitive. $RAAC emissions may be used to bolster the interest rate dependent on gauge votes directed by token holders. Additionally, stability pool depositors may receive a part of rental income through the secondary gauge managed by veRAAC holders. Stability pool depositors who handle liquidations and are first in line in case of bad debt.

</details>


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