Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes, which are stable assets that are not pegged to anything. RAI is the first ETH backed reflex index that is low-volatility mortgage debt token. It is a branch of DAI, but unlike DAI, the price of RAI does not seek to be fixed at 1 USD. the price of RAI can be dynamically adjusted as market demand changes and maintains a low volatility. At the same time, the protocol also introduces the non-government token FLX to achieve decentralized security incentives, mainly to assume the role of the lender of last resort. When the system is in trouble, the debt auction function will automatically mint and auction new FLX tokens to solve the problem.
Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes, which are stable assets that are not pegged to anything. RAI is the first ETH backed reflex index that is low-volatility mortgage debt token. It is a branch of DAI, but unlike DAI, the price of RAI does not seek to be fixed at 1 USD. the price of RAI can be dynamically adjusted as market demand changes and maintains a low volatility. At the same time, the protocol also introduces the non-government token FLX to achieve decentralized security incentives, mainly to assume the role of the lender of last resort. When the system is in trouble, the debt auction function will automatically mint and auction new FLX tokens to solve the problem.
