Rai Reflex Index (RAI) is an Ethereum-backed digital asset that aims to provide stability. More
| Fully Diluted Valuation | $3.27M |
|---|---|
| 24H Trading Volume | $7,989 |
| 24H Low / High | $4.55 / $ 5.34 |
| Circulating Supply | 642.32K |
| Total Supply | 642.32K |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 8 more |
|---|---|
| Founder | Ameen Soleimani 1 more |
| Website | reflexer.finance |
| Socials | 1 more |
| Chains | Ethereum Ecosystem 3 more |
| Explorer | Snowtrace 8 more |
| Contracts |
0x03a....54919
3 more
|
| Name | Pair | OG Score |
|---|
RAI is an Ethereum-based digital asset that aims to be stable but does not peg its value to any fiat currency like the US dollar or Euro. Instead of maintaining a fixed price, RAI's value fluctuates based on market conditions.
How Does RAI Work?
RAI is created on the Reflexer platform, where users can mint RAI by using their Ethereum (ETH) as collateral. The value of RAI is influenced by how much people want to buy or sell it. To help keep its value steady, the RAI system adjusts the redemption rate based on supply and demand. This system helps RAI stay relatively stable even when the market is volatile.
Key Features of RAI
Unlike traditional stablecoins, RAI's value is not tied to any specific currency, which allows it to adjust more easily to market changes. It also has an embedded interest rate, which can provide extra value to those who hold RAI.
The GEB Foundation
RAI is developed by the GEB Foundation, which focuses on creating innovative, decentralized financial tools. Their work on RAI aims to provide a more adaptable and stable option for users in the DeFi space.
Conclusion
The Rai Reflex Index (RAI) offers a unique approach to digital assets by allowing its value to fluctuate while aiming to remain stable. Its use of Ethereum as collateral and its dynamic adjustment mechanism make it a versatile tool in the decentralized finance world.
The Rai Reflex Index (RAI) is unique because it is an Ethereum-backed digital asset that aims for stability without being pegged to any fiat currency. It uses a dynamic adjustment mechanism to maintain value based on market conditions and supply-demand mechanics.
RAI is developed by the GEB Foundation, which focuses on creating decentralized and non-pegged stable assets for the DeFi ecosystem. Ameen Soleimani and Stefan Ionescu are the specific founders of Rai Reflex Index (RAI).
Uniswap V3 (Ethereum), Uniswap V2 (Ethereum), Curve (Ethereum), Bilaxy, Uniswap V3 (Optimism)
Join
OGAudit
