RAI is een Ethereum-token dat tot doel heeft een stabiele waarde te behouden. De RAI-USD-wisselkoers wordt bepaald door vraag en aanbod, terwijl het protocol dat RAI uitgeeft probeert om de prijs te stabiliseren door deze constant te de- of hervalueren. Het mechanisme van vraag en aanbod speelt zich af tussen twee partijen: SAFE-gebruikers (degenen die RAI genereren met hun ETH) en RAI-houders (degenen die RAI vasthouden, speculeren of gebruiken in andere protocollen en apps).
What Is Rai Reflex Index (RAI)?
Rai Reflex Index (RAI) is the first stablecoin on the Reflexer platform that is a fork of Maker. RAI is a non-pegged, stable asset that is solely collateralized by ETH. RAI aims to reduce ETH’s price moves and provide a more “stable” alternative to Ether as DeFi collateral. Reflexer is a platform where users can use their crypto collateral to issue reflex indexes (non-pegged stable assets).
Reflexer aims to build a governance-minimized and non-pegged stable asset community that is completely detached from traditional currency. Hence, Reflexer has developed the GEB protocol, a smart contract framework that facilitates the creation of stable assets through autonomous stabilization by a PID controller. The PID (proportional integral derivative) controller is a class of controllers that influences the future values of a time series. A PID controller adapts continuously even when no predictions are available. The term P is a way of referring to the immediate measurement, while the term I refers to the past. The D term refers to the expected changes in the future. The RAI platform aims to use the PID controller to maintain market price stability.
RAI's monetary policy is managed by an on-chain, autonomous controller that offers the advantage of flexibility. Due to the flexibility, RAI can be devalued or revalued by the protocol in response to changes in RAI's market price. This process transfers value between RAI holders and SAFE token users. SAFE token users generate RAI with their ETH, and RAI holders hold, speculate on, or use RAI in other protocols and apps. This transfer rewards both parties to bring back the market price to a target chosen by the protocol.
For RAI, Reflexer aims to have the following use cases:
Portfolio diversification: The RAI blockchain aims to offer dampened exposure to ETH's price moves.
Source of yield: Traders can earn yield when RAI's market price follows the redemption price (the price that the protocol wants RAI to have on the secondary market).
DeFi collateral: RAI aims to be used as alternative collateral or ETH supplement in DeFi protocols due to the fact that it gives users more time to react to market shifts and dampens Ether’s price moves.
DAO reserve asset: DAOs can keep RAI on their balance sheet and get exposure to ETH without being affected by the full market swings.
Reflexer has an ungovernance token, FLX, and has decentralized security incentives through FLX. Through the principle of ungovernance, the platform aims to remove human control from the RAI system and make it socially scalable.
History of Rai Reflex Index (RAI)
Reflexer Labs are the creators of RAI. The Reflexer Labs team includes Ameen Soleimani and Stefan Ionescu. Ameen Soleimani is the cofounder of SpankChain, an Ethereum-based micropayment processor, and Stefan Ionescu worked previously at Binance X in research and development.
How to Buy Rai Reflex Index (RAI) Token
The RAI token can be traded at an exchange, including Coinbase. It’s easy, secure, and safe.
