Reflexer Labs — a decentralized, stable and non-pegged currency, built for the digital economy.
Contents:
About Reflexer Labs
Reflexer Labs — a platform, where anyone can use their cryptocurrency collateral to issue reflex indices. Reflex indices are stable assets that are not connected to anything, much like how the unpegged US dollar is still considered stable. Reflex indices reduce the volatility of the underlying collateral. They are useful as more “stable” collateral for other DeFi protocols (compared to ETH or BTC) or as stable assets with embedded interest rates that exceed other DeFi protocols.
Some features:
| Leverage, using RAI | Deposit your crypto assets, generate RAI and strengthen your position. |
| Use RAI | Trade RAI and take advantage of its revaluation mechanism. |
| Protocol statistics | Keep track of the protocol so you can better manage your positions. |
RAI — a non-pegged stable asset, backed by ETH. It is useful as a more "stable" collateral for other DeFi protocols (compared to ETH or BTC) or as a stable asset with an embedded interest rate.
Compared to protocols that try to protect a fixed exchange rate between their native stable asset and fiat (DAI / USD, sUSD / USD, etc.), RAI's monetary policy offers several advantages. The protocol can devalue or revalue the RAI in response to changes in the market price of the RAI. This process transfers value between safe users and RAI holders and encourages both parties to bring the market price back to target.
Other useful information
There are several risks from smart contract errors to suboptimal parameters in the protocol. You can check the dedicated risk page for more details and learn more about each module of the protocol.
Check out the "FAQ" section for more information about the project. There is no WhitePaper document yet. Also, the developers lead:
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