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Reflexer
@reflexerfinance
We built RAI, the first non-pegged, stable asset which is only backed by ETH 🗿 App: app.reflexer.finance Discord: discord.gg/AXwXHGsTaJ
Joined September 2020
Posts
  • Pinned
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    Reflexer began as an effort to fix money, a broken piece of infrastructure we all rely on-- the one crypto was supposed to free us from. We haven't fixed it yet. But we're closer, and we know the next step. 🧵
    Merit Miner + Sim are booting up. Mine gems. Run Sims. Form teams. Climb leaderboards. Earn your cut of MERIT. It is a game of coordination, conviction, and skill. Genesis codes go out soon. 🧵👇
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    Check out @VitalikButerin's post in the Reflexer Forum on how RAI-like systems might safely support staked ETH
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    1/ “until this shit is in textbooks as a historical turning point for theory of central banking we are still early” RIP @delete_shitcoin To understand why we stand at the precipice of a central banking revolution, let us tell you story...
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    1/n RAI is (officially) live! Let the money god rise and shine 🗿
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    RAI and @CurveFinance just made history with the very first stableswap pool between a stablecoin and peggies Next stop: gauge station. curve.fi/rai
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    The Stability of RAI and Major Fiat Currencies Relative to the U.S. Dollar We're the green line 🗿
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    It's important to note that RAI is fully decentralized and can only ever be backed by Eth. As part of Ungovernance, the ability to change collateral has been removed. Insuring RAI will always be decentralized and never backed by a centralized currency.
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    New short and sweet video explainer for RAI is out!
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    RAI just got bridged to @arbitrum 🔥 Next up, building liquidity 🌊
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    You can currently pay people with $RAI on @opensea and @gitcoin . RAI is money? Getting there for sure.
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    RAI Update: RAI has 0 exposure to Silvergate Bank, Silicon Valley Bank, or any other bank. All outstanding RAI is backed by 100% ETH Thank you #TheEndisRAI
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    Our mainnet demo is live! Check the announcement post for details about how you can create Proto RAI and monitor the system 💻
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    The stability of RAI vs major fiat currencies 🗿