Rai Reflex Index
RAI
About Rai Reflex Index
Please note: Whilst this token may be described as a ‘stable’ asset its value is not designed to be pegged to any fiat currency (e.g. Pounds Sterling or US dollars) and its price may therefore fluctuate. This token relies on complex algorithmic arrangements and is collateralised by Ether (ETH), meaning its value could decline or become volatile. Please visit https://www.coinbase.com/asset-risks for more information on asset risks. RAI is an Ethereum token. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it. The supply and demand mechanic plays out between two parties: SAFE users (those who generate RAI with their ETH) and RAI holders (those who hold, speculate on or use RAI in other protocols and apps).
Resources
Rai Reflex Index (RAI) is a unique type of digital asset that is not pegged to any traditional fiat currency. It is an Ethereum-backed stable asset that strives to provide a degree of stability in the often volatile cryptocurrency market. Unlike other stablecoins, RAI does not maintain a fixed value but instead, its price is allowed to fluctuate within certain parameters. This innovative approach aims to provide a more flexible and resilient form of collateral for decentralized finance (DeFi) protocols, as well as a stable asset with an embedded interest rate.
RAI operates on the Reflexer platform, a decentralized platform where users can leverage their cryptocurrency collateral to mint RAI. The value of RAI is not pegged to any specific value, but rather it is backed by Ethereum (ETH), a popular cryptocurrency. The system uses a mechanism that adjusts the redemption rate of RAI based on market conditions, aiming to maintain a balance between supply and demand. This mechanism allows RAI to maintain a relatively stable value, even in the face of market volatility.
RAI aims to serve as a more stable form of collateral for other DeFi protocols compared to volatile assets like Bitcoin (BTC) or Ethereum (ETH). Its non-pegged nature allows it to adapt to market conditions, potentially making it a more resilient form of collateral in the face of market volatility. Additionally, RAI can be used as a stable asset with an embedded interest rate, providing potential compensation for holders. Its unique properties could make it a valuable tool in the broader DeFi ecosystem, contributing to the development of more robust and flexible financial applications.
The Rai Reflex Index is a product of the GEB Foundation, a project that focuses on the development of decentralized and non-pegged stable assets. The foundation has been operational for a number of years, and since then, it has been working on creating innovative solutions for the DeFi space. RAI is one of the outcomes of this effort, representing a new approach to stablecoin design that aims to provide more flexibility and resilience than traditional stablecoins. The history of RAI is still being written, as it continues to evolve and adapt to the needs of the DeFi ecosystem.
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Market
Singapore Market Stats
S$6.6M
S$105,747.30
1.7M RAI
8 days
#1417
S$12.57
Singapore Market performance
0%
-1.05%
+0.75%
+3.19%
+1.14%
+4.03%
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Social
Some highlights about Rai Reflex Index on social media
3 unique individuals are talking about Rai Reflex Index and it is ranked #1,436 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Rai Reflex Index has an average sentiment score of 3 out of 5. Finally, Rai Reflex Index is becoming more newsworthy, with 0 news articles published about Rai Reflex Index. This is a 0% increase in news volume compared to yesterday.
On Reddit, Rai Reflex Index was mentioned in 0 Reddit posts and there were 0 comments about Rai Reflex Index. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Overview
3 people
0%
#1,436
3 out of 5