How RAI Works A simplistic way to think about RAI is to see it as similar to Single Collateral DAI (SAI...If the price of ETH falls, the collateral value backing RAI falls, constricting RAI supply....With RAI, if the price of ETH rips higher, your RAI-denominated debt will trend higher in dollar terms...to buy RAI spot to pay down their debt.

Reflexer’s Path to Adoption RAI, a pegless stablecoin, has proved to have an effective design, as evidenced...amplitude of price has reduced dramatically since it launched a little over six months ago, making RAI...However, despite price moving as intended by the protocol’s design, RAI’s usage remains limited.

The Upside of Un-pegged Currencies RAI by Reflexer has been gaining traction as concerns of centralized...RAI tries to fill the decentralized stablecoin gap through the use of only ETH as collateral. ...RAI is a non-pegged stablecoin backed by ETH with a managed float regime, which tries to stabilize its...

...ecosystem-aligned: Base trade fee: 100bps (1%) • 50% → Community Pool (for creators + traders — more soon) • 25% → $RAY...bonding curve phase, LaunchLab distributes it more transparently: 50% to a community pool, 25% for $RAY...To jumpstart adoption, Raydium has launched an airdrop campaign with 150,000 RAY ($450K USD) being distributed...

📖 Delphi Reads Co-founder of Reflexer, the protocol that issues the decentralized RAI stablecoin,...Soleimani writes a tweet thread saying that it was a mistake to only accept ETH as collateral to mint RAI...Read the tweet thread here and reactions of the RAI community here.

⚡ Is RAI The Decentralized Stablecoin The Market Needs?...In short, RAI doesn’t perpetually target an explicit price....The positive redemption rate “revalues” RAI, which increases the redemption price every second....The incentive here is for borrowers to repay their loan before the RAI price rises too much.

FLX and LQTY are governance tokens issued by Reflexer (RAI) and Liquity (LUSD), which demonstrate high...stayed relatively stable since the news, the supply of MIM has increased by 7% while the supply of RAI...

(08:29) Tornado Cash & Stablecoins (14:19) Is RAI struggling for adoption because of design flaws...

🐣 Notable Tweets The State of Affairs at FTX THE FTX FIRST DAY DECLARATION New CEO John Ray is scathing...

Maxine Waters is currently introducing John Ray. – Autism Capital (@AutismCapital) Dec 13, 2022 Binance...

On the other hand, the collateral backing RAI and LUSD stablecoins is entirely ETH, while that for MIM...

Over the last two days, SOL (-17%), FTT (-11%), FIDA (-12%), SRM (-13%), and RAY (-17%) have underperformed...

Reflexer Finance considers updating RAI’s oracle to include an overlay that reports Chainlink oracle...

Polygon is capturing retail attention, a ray of hope for BTC bulls, and UNI's detached price movement...

RAY is up over 270% since August while SRM lags, but is still up 150% over the same time period....HOLYPERP, which is an index of SOL, FTT, SRM, and RAY has outperformed individual coins with the exception...of SOL and RAY.

FIP-99 Sell RAI: Tribe has voted to sell their RAI to replenish their DAI reserves to ensure sufficient...

TAI presents a multi-collateral fork of RAI to Reflexer Finance.

Recent governance actions taken by TRIBE holders include the deprecation of ETH, LUSD and RAI as acceptable...

...stablecoins. 40:52 • MJ In terms of LUSD competitors, I think it’s also important to keep DAI and RAI...If you are looking for a decentralized stablecoin right now, the DAIs, the RAIs, the LUSDs, that type...If you look at RAI as an example, even though RAI has a floating peg, it  has been incredibly stable...

Maker DAO talks about their ‘End Game,’ debates capital raises and considers adding RAI as collateral...