RAI is a stablecoin that is backed entirely by ETH. It is part of the Reflexer platform and aims to operate as a stablecoin that is neither pegged nor backed by one central authority, as opposed to many stablecoins currently on the market. 

It is meant to be resistant to the volatility of market events that result in the loss of a stablecoin’s peg, and thus be a more stable representation of its collateral, whilst still being trustless. The project refers to this kind of asset as reflex-index.

RAI is intended to be used across DeFi protocols or held as a reserve in times of extreme market volatility.

What are RAI’s key features and how does it work?

As mentioned, RAI is entirely backed by decentralized immutable collateral on Ethereum. In order to mint RAI, users can deposit their ETH and start sending, swapping, or saving with RAI.

It uses a unique method in order to remain stable. Since, unlike a lot of other stablecoins, it is not backed by any central authority or reserve. Instead of a fixed 1:1 peg to the USD, RAI deploys a supply and demand control theory that finds and is able to stick to a control price. It relies on a set of codes that, when implemented, adjust to and follow the market by autonomously and automatically reacting to on-chain market data.

What is noteworthy about Rai Reflex Index (RAI)?

Where can you buy RAI?

RAI is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Uniswap V2, Gate.io, and CoinBase Pro. The price of RAI will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for RAI market price, please view the price charts on this page.