Is RAAC Safe?
Risk Grade: C (49/100)
RAAC is rated as elevated risk — multiple novel mechanisms and notable interaction risks.
RAAC is an ambitious protocol attempting to bridge physical asset ownership with DeFi lending. The novel approach to real estate and gold tokenization has significant potential but carries substantial execution risk. Pre-mainnet status, unproven liquidation mechanics for physical assets, and jurisdiction-dependent legal enforceability create elevated uncertainty. High-risk, high-potential profile.
RAAC (Regnum Aurum Acquisition Corp) is a DeFi protocol that tokenizes real-world assets like real estate and gold, allowing them to be used as collateral for on-chain borrowing and lending. It uses NFTs to represent property ownership with legal rights and is building a commodity-backed stablecoin (pmUSD).
TVL
$133M
Mechanisms
7
Interactions
5
Value Grade
D
Key Risks for RAAC Users
The protocol is still pre-mainnet — smart contracts have only been tested on testnet, meaning production bugs could affect your funds
Selling real estate collateral takes weeks or months, not seconds — liquidation may not work as quickly as in normal DeFi
Legal enforceability of property-backed NFTs is untested and varies by country
Top Risk Factors
- •Real estate and gold tokenization introduces complex off-chain valuation and legal ownership risks that are difficult to enforce on-chain
- •Pre-mainnet protocol with testnet-only validation — $131M TVL represents committed capital without production-tested smart contracts
- •Oracle dependency for real-world asset pricing creates manipulation and staleness risks that could cascade through lending positions
Risk Score Breakdown
RAAC's highest risk area is Regulatory Risk (8/10). Here's how each dimension contributes to the overall 49/100 score:
Read the Full RAAC Risk Report
This protocol has 2 collapse scenarios. 2 high-severity interaction risks identified. See the full mechanism classification, interaction matrix, and deep-dive recommendations.
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