The Open Dollar Governance token claim is live! 🗿

See you there🗿

🗿Synthetic RAI/USD price oracle (Uni v3 RAI/ETH * Chainlink ETH/USD) approximation using @DuneAnalytics - Query:

t.co

- DashBoard:

t.co

@reflexerfinance

Vaults, which in Reflexer are tied to accounts, are tied to NFTs called an NFV (non fungible vault). Meaning buying, selling, and trading vaults is very easy and you can sell your position without having to pay back your debt 2/

Controlled Peg Season

Reflexer users, make sure to check your eligibility! and congrats to the @open_dollar team on the milestone 🗿

The protocol is running smoothly with the UNI v3 RAI oracle in place. It's merely a cosmetic discrepancy on the stats dashboard due to changing contracts. You can find the correct data at the links below (until the fix is live):

t.co

t.co

Read up on the last update to the PI controller More adjustments coming soon 🗿

Study up on Stables 🗿

“Namely, to make at least a part of the Ethereum ecosystem actually be the permissionless, decentralized, censorship resistant, open source ecosystem that we originally came to build.” 🗿

Happy New Year 🎉🗿

ICYMI

t.co

is still the cheapest place to borrow against your ETH

New proposal is up for vote on @tallyxyz If passed, this will complete oracle migration from Chainlink to UniV3 and adjust incentives accordingly.

t.co

Happy holidays to all who celebrate 🗿

The history of RAI’s redemption and market price since inception. Check out this in-depth explainer to learn more written by @StakingRewards

Check out the forum post where @letsgethai was born Announced on 4/20 Launching early 2024

Want to get involved in Reflexer (un)governance? Can check out Reflexer DAO on Tally!

We've come a long way since Ameen originally pitched RAI

“The three types of stablecoins are arranged on a tradeoff spectrum between efficiency and resilience”. - Vitalik We went with resilience.

Curious about the charts on our home page but don't know how to decipher them? Check out this video from @ameensol and @0x_kingfish to get up to speed

RAI doesn’t have a fixed $1 peg (those are dollarcoins not stablecoins) instead it actively updates its own peg — called the redemption price — to oppose deviations of the market price from the redemption price and keep itself stable. What bends can not break.

Have you tried the @letsgethai testnet? 🌥️

🗿💊

The stability of RAI vs major fiat currencies 🗿

De-nationalize money🗿

🚨 Bug disclosure: Liquidation DoS in GEB ✅ Status: Risk Mitigated In November, we came into notice of an old potentially-deadly bug hidden in GEB codebase. First, we made sure that the two affected protocols were out of risk.🧯 Now we can reveal what it was all about 👇🏻

Live 🎥

Come learn about the Money God League 🗿

1 RAI = 1 RAI (still)

The future we're building towards is one where any person, regardless of technical capability, can deploy a controlled-peg stablecoin with just a few clicks.

Super interesting conversation on the future of decentralized stables Strongly recommend checking out the recording! 🗿

We're live!

Tune in 🗿

We support minority stakers 👊

Why RAI Is Rated B+ $RAI is an experimental stablecoin with a floating price. Unlike most stablecoins, RAI is not pegged to any fiat currency or commodity. In this post, we explore the mechanics behind $RAI that result in a B+ rating from Bluechip. Free-floating peg RAI was…

soon 🗿

The goal isn't for decentralized stables to be the one stablecoin to rule them all The goal is to give people optionality To give them the ability to raise their hand and opt out of the traditional fiat system

Have thoughts on how RAI can improve? Check out this forum post on our (un)governance process and learn how to submit a proposal! The Money God welcomes all 🗿

Steady

We just launched a stats dashboard for Reflexer Safes You can check it out here:

t.co

Love to see ungovernance in the wild 🗿

"I'm focusing on RAI rather than DAI because RAI better exemplifies the pure "ideal type" of a collateralized automated stablecoin, backed by ETH only" - @VitalikButerin

Our goal is to make it easy for anyone to deploy a controlled peg system, like RAI. The more that join the Money God League, the more minds we have on our codebase, and the easier it will become to deploy fair money.

wen

We RAIde with HAI

We've gone through quite a lot in the last year

"The point of a stablecoin is not to be pegged to USD. It is to provide an asset with low volatility."

Congrats on the milestone 🗿

➕ positivity👏

🤝