Rai Reflex Index
$0
-3.59%
Total dollar volume24H
$36,684
High24H
4.622 USDT
Low24H
4.118 USDT
Market Cap
#1036$2,721,206
FDV
$2,721,206
Market Cap / FDV Ratio
1.00
Turnover rate
1.35%
Circulating supply
611,095
Total supply
611,095
Max supply
∞
All time high
16.82 USDT
All time high date
Sep 05, 2021
Down from All time high
-73.53%
Cycle low
1.023 USDT
Cycle low date
May 13, 2022
Up from cycle low
335.29%
Official links
Socials
Introduction
Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes. Reflex indexes are stable assets that are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable. RAI is a non pegged, ETH backed stable asset. It is useful as more "stable" collateral for other DeFi protocols (compared to ETH or BTC) or as a stable asset with an embedded interest rate.