$1.9001
- Market Cap$6,928,345.26
- 24 Hour Trading Vol$1,725.132
- Fully Diluted Valuation$6,971,898.171
- Circulating Supply3,669,149
- Total Supply3,669,149
- Max Supply3,669,149
- Rai Reflex Index Price$1.9001
- Trading Volume$1,725.132
- Market Cap$6,928,345.26
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RAI is a stablecoin fully backed by ETH. It belongs to the Reflexer platform and is designed to function as a stablecoin without being pegged to, or backed by, any single central authority-unlike many stablecoins in use today.
The goal is to help it stay resistant to market-driven events that can cause a stablecoin’s peg to break, making it a steadier way to represent its collateral while remaining trustless. In this project, that type of asset is called a reflex-index.
RAI can be used throughout DeFi applications or kept as a reserve during periods of unusually high market volatility.
What are RAI’s key features and how does it work?
As noted, RAI is backed entirely by decentralized immutable collateral on Ethereum. To mint RAI, users deposit ETH and can then send, swap, or hold value using RAI.
It maintains stability through a distinctive approach. Rather than relying on central oversight or a fixed 1:1 USD peg, RAI applies a supply-and-demand control model designed to locate and hold a target control price. It depends on a set of on-chain codes that automatically and autonomously respond to market data, adjusting as conditions change.
What is noteworthy about Rai Reflex Index (RAI)?
Some of Rai Reflex Index’s notable qualities come from its ability to adapt as markets move:Liquidation Protection. By issuing Uniswap LP tokens, positions are protected against potential liquidation.Self Repaying Loans. RAI interest rates can switch, such as when negative minters are compensated by devaluing RAI or when self-repaying users’ loans reduce over time.Governance Minimized. RAI is operated by code and backed only by ETH.Crypto Native. RAI is not influenced by the US Federal Reserve Monetary Policy.Where can you buy RAI?
RAI is listed for trading across the following CEXs and DEXs, shown here. The most widely used venues with the highest liquidity are Uniswap V2, Gate.io, and CoinBase Pro. RAI’s price can differ by exchange choice and prevailing market conditions. For current and historical RAI market pricing, check the price charts on this page.
| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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