Details about Reflexer Ungovernance cryptocurrency
€4,480,646 ( -7.65965%)
€54,121
972,622
898,500
19.993
Unknown
https://reflexer.finance/
@reflexerfinance
263114x
€1312940
Reflexer Ungovernance price charts
FLX exchanges
Reflexer Ungovernance, the crypto
Reflexer Ungovernance (FLX) is a cryptocurrency token that is used to govern the Reflexer protocol, which is a decentralized stablecoin system that uses a new type of collateral known as RAI. FLX token holders can vote on proposals to change various aspects of the protocol, such as the stability fee, the liquidation ratio, and the parameters for the oracle system.
The point
The main point of Reflexer Ungovernance (FLX) is to give users of the Reflexer protocol a say in how it is governed and developed. By holding FLX tokens, users can vote on proposals to change the parameters of the protocol, allowing for more democratic decision-making and community involvement.
The problem
Reflexer Ungovernance (FLX) tries to solve the problem of centralized governance in decentralized finance (DeFi). Many DeFi protocols are controlled by a small group of developers or investors, which can lead to decisions that are not in the best interest of the wider community. By allowing FLX token holders to vote on proposals to change the protocol, Reflexer aims to create a more democratic and decentralized governance structure for its stablecoin system.
Compare FLX and BTC performance
| Timeframe | FLX | BTC |
|---|---|---|
| 1h change | -1.66658 % | 0.176623 % |
| 24h change | -7.55 % | -3.36052 % |
| 7 day change | 5.05 % | 4.48211 % |
| 14 day change | -25.66 % | -8.21176 % |
| 30 day change | -28.23 % | -6.5207 % |
| 200 day change | -54.07 % | 128.03 % |
| Year change | -68 % | 142.602 % |