RAAC is selling 1,093,935.8 $iREET bonds for $1.135M at a fixed discount of $1.0073184 versus a NAV of $1.037538, with a 45-day lock and participation via ApeBond using USDC or USDT. Base rewards are 3%, with top-ups of 2% (or 4% for RAAC Bot NFT holders) if the bond fills, plus a 6x RAAC Points multiplier. The article says $iREET is backed by 14 tokenized North American houses generating $32K monthly rent, with three more pending. The lockup ends alongside RAACLend's launch, letting holders borrow against $iREET ahead of a planned TGE in H1 2026. US persons are excluded.

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