RAI is an ETH backed stable asset. You can use it to take out loans against your ETH at a small interest rate
Build dApps using a true decentralized stablecoin
Reflexer is a platform where anyone can use their crypto collateral to mint stablecoins. Stablecoins, as opposed to fiat coins, are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable.
Yes. RAI is one of the first real stablecoins which are not pegged to any fiat currency.
The Reflexer app and website are free to use. However, you will need to pay transaction fees when you interact with the protocol’s smart contracts and, depending on the features you use, fees associated with RAI itself such as the Stability Fee and, indirectly, the Redemption Rate.