Reflexer (RAI) - New #Protocol Synthetic Assets Project Last | Crypto Investment

Reflexer (RAI) - New #Protocol Synthetic Assets Project

Last spring, Amin Suleimani and Stefan Ionescu surprised DeFi with the publication of an official Rai document. They described Rai as "a low volatility, minimal trust collateral for the DeFi ecosystem."

It will be a stable asset, not a stablecoin, the floating value of which will be automatically determined by supply and demand, and not pegged to fiat currency. Supported only by ETH deposits, Rai - the Reflex Index - offers a more stable alternative to the volatile ETH collateral.

What if the price of ETH drops tomorrow? Rai will slow down and propagate the effect of this price shock and therefore resist the shock more effectively.

This is why Rai has tremendous potential as a new optimized collateral and unit of account in DeFi. Better yet, Rai is a minimally managed token, which means that little human intervention is required on the project.

Going forward, the project team is committed to ensuring that other DeFi protocols run their own reflex indexes - that is, damped versions of the provisioning - through the Reflexer framework.

What you need to know about Reflexer?

The Reflexer protocol is based on GEB, named after the eponymous Egyptian god, as well as in honor of the book of Gödel, Escher and Bach.

Simply put, GEB is an offshoot of the Maker Multi-Collateral Dai (MCD) storage system that has been modified and expanded with new features such as in-chain treasury and in-chain PID controller. GEB is the actual structure that is used to calculate reflex indices like Rai.

However, Rai is similar to Dai in terms of retrieving it from the Maker Vault. You deposit ETH into a Reflexer vault known as the Safe, and then you can lend yourself a Rai secured by ETH at your own discretion. The minimum collateral ratio is 145%.

Reflexer prepares a FLX “unmanageable” token.

Notably, the Reflexer team has unveiled plans to launch a liquidity mining campaign around the RAI / ETH Uniswap V2 pool with campaign rewards denominated in the upcoming FLX token.

The project is extremely promising, so it's worth paying attention!