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Rai Reflex Index (stablecoin)

A decentralized and non-pegged stablecoin that defies fiat currencies. Reflexer is a platform where anyone can use their crypto collateral to mint stablecoins. Stablecoins, as opposed to fiat coins, are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable.

https://reflexer.finance
https://www.coingecko.com/en/coins/rai
https://www.coingecko.com/en/coins/reflexer-ungovernance-token
https://vitalik.ca/general/2022/05/25/stable.html

AMA with Stefan Ionescu of Reflexer Labs

RAI is a fork of the battle tested Multi Collateral DAI smart contract. It’s not pegged as other stablecoins, but lose/gain value through interest rate policy and QE/QT. It’s an independent fiat coin backed by 135% ETH :exploding_head:

Ameen Soleimani: RAI – A Low Volatility Trust-Minimized Stablecoin

Let’s start a RAI-ot!