Reflexer Finance: 80% |
Review Date: March 21, 2021
Reflector protocol issues RAI - Decentralised non-pegged stable asset.
Users can provide 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.
The system behind RAI only cares about the market price getting as close as possible to the redemption price. The redemption price will almost always float (thus, it won’t be pegged) in order to compel system participants to bring the market price toward it.
To put it simply users can leverage their ETH by borrowing $RAI if you expect the ETH pric
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