Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes. Reflex indexes are stable assets that are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable. RAI is a non pegged, ETH backed stable asset. It is useful as more "stable" collateral for other DeFi protocols (compared to ETH or BTC) or as a stable asset with an embedded interest rate.
The live Rai Reflex Index price today is $4.845 USD with a 24-hour trading volume of 36,625 USD. We update our Rai Reflex Index to USD price in real-time. Rai Reflex Index is -4.48% in the last 24 hours. The current SoSoValue marketcap ranking is # 1014, with a live market cap of $ 3,023,125 USD. It has a circulating supply of 623,968 RAI coins and a max supply of ∞ RAI coins.
Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes. Reflex indexes are stable assets that are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable. RAI is a non pegged, ETH backed stable asset. It is useful as more "stable" collateral for other DeFi protocols (compared to ETH or BTC) or as a stable asset with an embedded interest rate.