A decentralized and non-pegged stablecoin that defies fiat currencies
RAI is an ETH backed stable asset. You can use it to take out loans against your ETH at a small interest rate as well as protect your loans against liquidation. Liquidation protection enables greater capital efficiency.
Whether you want to take advantage of RAI’s repricing mechanism or build an insurance protocol on top of it, our docs are here to help.
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.