Rai Reflex Index

What is RAI and how Does It Work?

Reflexer Finance is a decentralized finance protocol that operates on the Ethereum blockchain, centering on the importance of Rai, a decentralized asset. Acting as a medium of exchange, store of value, and unit of account, Rai's design involves the use of collateralized debt positions (CDPs). The protocol utilizes the SafetyNet mechanism to govern Rai, adjusting the collateralization ratio of CDPs in response to shifting markets. Its founder, Stefan Ionescu, initiated Reflexer Finance's journey in December 2020. Reflexer Finance's open-source approach permits an understanding of its development path, as its codebase is accessible to everyone on Github. An informative whitepaper outlines the protocol and its fundamental mechanics. Within the ecosystem, the native token FLX is presented, offering governance possibilities and an additional function, thus, FLX holders are able to contribute to protocol developments, alterations of parameters, and participate in staking options. Additionally, FLX can be used for paying the protocol fees. This structure encourages users' involvement in shaping the protocol's evolution. Central to the protocol is the purpose of offering a decentralized alternative to conventional centralized ones, achieved through a decentralized governance process and collateralized debt positions. It also emphasizes the features of offering universal and permissionless access, and works towards developing its capabilities and building strategic alliances for Rai's extended utility and increased user engagement. For project updates and information, the Reflexer Finance Medium blog serves as the communication platform.

How to Buy and Store RAI?

To purchase RAI, Flooz.xyz offers a streamlined process, serving as a one-stop solution for all your trading needs. With a smooth checkout and support for all payment methods, you can easily acquire RAI without the need to own a wallet. But that's not all. Flooz.xyz also provides a self-custodial web wallet, ensuring seamless CAST transactions. From storing and sending to receiving tokens, Flooz web wallet has got you covered. Creating a self-custodial wallet is as easy as a few clicks, using your email, Google, or Apple ID. This seamless and optimized trading experience has captivated over 85,000 active traders on Flooz.xyz. Plus, with Flooz.xyz aggregating more than 50+ providers, you can be confident in accessing the fastest and cheapest payment routes for your RAI trades. Rest assured that your funds will always be within your reach, thanks to the power of cryptography.

RAI Metrics:

• Current price: $2.9879

• Market cap: $3.58 M

• All-time high: being indexed (being indexed)

• All-time low: being indexed (being indexed)

• Daily trading volume: $22.48 k