Reflexer's RAI is a decentralized, collateral-backed stablecoin.
RAI is a decentralized, ETH-backed stablecoin that maintains stability through automatic on-chain adjustments without centralized control.
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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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Rai Reflex Index price live information
As of now, Rai Reflex Index is trading at 2.264519 USD, with a 24-hour trading volume of approximately 0 USD. The RAI to USD price is updated in real time. Over the past 24 hours, Rai Reflex Index has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 1.81M USD. Currently, there are 797 735.997314 RAI in circulation out of a maximum supply of 797 735.997314 RAI.
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