We study the life of an axisymmetric monolayer of particles called a granular raft floating at an oil-water interface, from its formation to its sinking. We first look at the capillary interaction between a pair of beads, and generalize the result to a pair of granular rafts. The force strongly depends on the number of particles in each raft, a result that we understand by looking at the interfacial deformation each individual raft creates. Then, we explore the interaction between numerous granular rafts of different sizes randomly distributed. The aggregation is faster when the particles are initially more concentrated at the interface. The individual motion of each bead cannot be solved, but the overall clustering can be described statistically. The cluster-size distribution appears to answer to a self-similar evolution that we characterize. After that, we focus on the structural changes a granular raft can experience during its motion, and more precisely to its erosion. The cohesion of an entire raft is far higher than expected by the usual capillary theory. The same high cohesion is found between two beads in contact. A precise description of the position of the contact line accounts for the unexpectedly high resistance to erosion. Finally, we explore the dynamics of sinking of a granular raft, which happens when the vertical deflection of the interface exceeds a critical deformation. The oil thread formed during the sinking thins following an unusual path between the two classical self-similar regimes, delaying the onset of the final regime. This result emphasizes the decisive role boundary conditions can play in the transition between self-similarities.