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Difference between revisions of "Reflexer"
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==RAI token== | ==RAI token== | ||
RAI is an ETH backed, non-pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller. | RAI is an ETH backed, non-pegged stable asset, whose monetary policy is managed by an on-chain, autonomous controller. | ||
===How does RAI remain stable?=== | ===How does RAI remain stable?=== | ||
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*Ungovernance: once governance minimization is finalized, FLX holders will be able to remove control from any remaining components in RAI or, if needed, continue to manage components that may be challenging to ungovern (such as oracles or any other component interacting with other protocols) | *Ungovernance: once governance minimization is finalized, FLX holders will be able to remove control from any remaining components in RAI or, if needed, continue to manage components that may be challenging to ungovern (such as oracles or any other component interacting with other protocols) | ||
== GEB == | |||
GEB is the framework used to create stablecoins such as RAI. It is a modified fork of [[MakerDAO]] MCD, although it has several new features such as the possibility to add insurance for user positions, the option to add a lender of first resort, an on-chain treasury that incentivizes keepers to update core contracts, an on-chain PID, fixed discount auctions and other. | |||
==Sources== | ==Sources== | ||