DeFi Protocol Built on Ethereum Explodes 125% in Hours As Centralized Finance Firms Struggle

One altcoin that powers an Ethereum-based decentralized finance (DeFi) platform is defying broader market woes by rallying in a big way.

Rari Governance (RGT) is the governance token of Rari Capital, a DeFi suite that allows participants to borrow, lend and earn yields on cryptocurrencies.

Holders of RGT can take part in the protocol’s governance system through on-chain voting, contribute to liquidity pools found on decentralized exchanges (DEXs) to earn fee rewards, and use…

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