Guide to Bid in Auctions Using a UI or a Bot — In this post, we’ll give an overview of RAI surplus auctions and the two main options you can use to bid in them. Throughout this article you will see several links to resources that can help you get set up for bidding. What are Surplus Auctions? Surplus auctions are used to sell off a…

We’re excited to announce that as part of our mainnet launch of RAI, Reflexer has integrated Chainlink’s widely used ETH/USD Price Feed! This Chainlink-powered decentralized oracle provides a consistently up-to-date, on-chain price feed regarding the current ETH/USD price, which the RAI smart contracts can fetch in a single call and…

The RAI system ungovernance token UPDATE: modified Incentivizing Early RAI Success and Liquidity. Wrote correct FLX distribution and schedule. At Reflexer, our mission is to build non pegged and governance minimized stable assets that are completely detached from fiat. To that end, we have developed the GEB Protocol, a smart…

We’re excited to announce that RAI holders can now buy smart contract coverage to cover any losses that might result from vulnerabilities in the RAI contracts! In order to bootstrap the coverage for RAI, we will be offering 20,000 yDAI in rewards for people who provide coverage. RAI Coverage Seekers …

Crypto native stability backed by ETH and available for all After almost a year of testing, simulations and building, we’re thrilled to announce the launch of RAI! RAI is an ETH backed, non pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller. You can start to…

A stepping stone in on-chain control theory After months of research and building, we’re excited to unveil our first, full Ether backed asset called Proto RAI! What is Proto RAI? Proto RAI (PRAI) is an unaudited mainnet demo of our upcoming reflex index called RAI. PRAI is managed and repriced by a primitive version…

We are excited to announce that we have successfully integrated Chainlink as part of RAI’s testnet launch! Chainlink’s ETH/USD Price Reference Data oracle network will provide a reliable price feed for RAI, our first reflex index (or otherwise known as a GEB). GEB is a framework for building reflex indexes—…

The time has come for an old idea to shine UPDATE 09/17/2020: new nomenclature. Over the last few years, the term ‘stablecoin’ has come to mean ‘pegged coin’, an instrument that, in the long run, has a value closely linked to a specific asset or a basket of assets. Recent…