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What is Rai Reflex Index (RAI)?

RAI is a stablecoin fully backed by ETH. It is part of the Reflexer platform and aims to function as a decentralized stablecoin that is neither pegged nor backed by a central authority, unlike many of the stablecoins currently in circulation. Its goal is to be resistant to market volatility, maintaining a stable representation of its collateral even during market disturbances, while remaining trustless. The project describes this asset class as reflex-index. RAI is designed for use across DeFi protocols or as a reserve during extreme market volatility. What are the main features of RAI and how does it operate? RAI is entirely backed by decentralized, immutable collateral on Ethereum. Users can mint RAI by depositing ETH and then engage in sending, swapping, or storing RAI. It employs a u...

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Global prices

RAI / DKKDanish Krone

16.300674

RAI / GBPBritish Pound Sterling

1.866981

RAI / HKDHong Kong Dollar

20.09766

RAI / INRIndian Rupee

218.770794

RAI / JPYJapanese Yen

370.513289

RAI / MXNMexican Peso

48.213817

RAI / AUDAustralian Dollar

4.077244

RAI / TRYTurkish Lira

97.482793