Details about Rai Reflex Index cryptocurrency
€4,509,272 ( 1.52058%)
€173,783
1,704,616
1,704,616
32.709
Unknown
http://reflexer.finance/
@reflexerfinance
255108x
€673485
Rai Reflex Index price charts
RAI exchanges
Rai Reflex Index, the crypto
Rai Reflex Index (RAI) is a decentralized finance (DeFi) protocol that is designed to create a stablecoin backed by a basket of DeFi tokens. The protocol is built on the Ethereum network and aims to provide a new kind of stablecoin that is less susceptible to price volatility than traditional fiat-backed stablecoins.
The point
The main point of Rai Reflex Index (RAI) is to create a stablecoin that is backed by a diversified basket of DeFi tokens. The protocol is designed to rebalance the basket to maintain stability, and its goal is to minimize the risk of large price fluctuations that can often occur with traditional fiat-backed stablecoins.
The problem
Rai Reflex Index (RAI) tries to solve the problem of volatility in the cryptocurrency market, particularly with regards to stablecoins. Traditional fiat-backed stablecoins are often subject to price swings when the underlying fiat currency moves in value, whereas DeFi-backed stablecoins can be more resilient to these fluctuations. Rai Reflex Index (RAI) aims to provide a more stable and diversified stablecoin solution that is backed by a basket of DeFi tokens.
Compare RAI and BTC performance
Timeframe | RAI | BTC |
---|---|---|
1h change | 0.271049 % | 0.2369 % |
24h change | 0.33 % | 4.23053 % |
7 day change | 0.54 % | -8.99824 % |
14 day change | 2.6 % | -5.57204 % |
30 day change | 3.67 % | 1.13445 % |
200 day change | 1.91 % | 132.592 % |
Year change | 4.51 % | 116.788 % |