Rai Reflex Index (RAI) is a unique type of digital asset that is not pegged to any traditional fiat currency. It is an Ethereum-backed stable asset that strives to provide a degree of stability in the often volatile cryptocurrency market. Unlike other stablecoins, RAI does not maintain a fixed value but instead, its price is allowed to fluctuate within certain parameters. This innovative approach aims to provide a more flexible and resilient form of collateral for decentralized finance (DeFi) protocols, as well as a stable asset with an embedded interest rate.

RAI operates on the Reflexer platform, a decentralized platform where users can leverage their cryptocurrency collateral to mint RAI. The value of RAI is not pegged to any specific value, but rather it is backed by Ethereum (ETH), a popular cryptocurrency. The system uses a mechanism that adjusts the redemption rate of RAI based on market conditions, aiming to maintain a balance between supply and demand. This mechanism allows RAI to maintain a relatively stable value, even in the face of market volatility.

RAI aims to serve as a more stable form of collateral for other DeFi protocols compared to volatile assets like Bitcoin (BTC) or Ethereum (ETH). Its non-pegged nature allows it to adapt to market conditions, potentially making it a more resilient form of collateral in the face of market volatility. Additionally, RAI can be used as a stable asset with an embedded interest rate, providing potential compensation for holders. Its unique properties could make it a valuable tool in the broader DeFi ecosystem, contributing to the development of more robust and flexible financial applications.

The Rai Reflex Index is a product of the GEB Foundation, a project that focuses on the development of decentralized and non-pegged stable assets. The foundation has been operational for a number of years, and since then, it has been working on creating innovative solutions for the DeFi space. RAI is one of the outcomes of this effort, representing a new approach to stablecoin design that aims to provide more flexibility and resilience than traditional stablecoins. The history of RAI is still being written, as it continues to evolve and adapt to the needs of the DeFi ecosystem.

We update our Rai Reflex Index to ARS currency in real-time. Get the live price of Rai Reflex Index on Coinbase.

The current market cap of Rai Reflex Index is ARS 2.303B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Rai Reflex Index is ARS 0.00000000000000483. This all-time high is highest price paid for Rai Reflex Index since it was launched.

Over the last 24 hours, the trading volume of Rai Reflex Index is ARS 7.25M.

Assets that have a similar market cap to Rai Reflex Index include Alibaba Tokenized Stock (Robinhood), AST SpaceMobile Tokenized bStocks, Shido Network, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Rai Reflex Index is 498 thousand.

Rai Reflex Index ranks 361 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 67% of Coinbase users are buying Rai Reflex Index. In other words, 67% of Coinbase customers have increased their net position in Rai Reflex Index over the past 24 hours through trading.