A forum post just went live! The post outlines a plan to migrate the Chainlink RAI / USD oracle to Uni V3 (3 day TWAP). Check out all the details below:

Wen HAI?

We are standing at the precipice of a central banking revolution IYKYK

We're live

A new forum post was just submitted by @CupOJoseph describing plans to launch a fork of RAI on Arbitrum. Learn more below:

Come learn about the growing RAI ecosystem 🗿

See you there 🗿

"Finally, RAI came and added this missing piece in a slightly unexpected way – whilst many had been expecting a DAI with a negative interest rate, doing it via the redemption rate adjustment is much more elegant." - @dankrad

Check out our new stats page 🗿

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Which are you taking?

1 RAI = 1 RAI

A new forum post has appeared! "This material introduces for public discussion the following concepts: illiquid staking and integration with GEB stablecoin systems minimal governance RAI V2 as a single collateral HAI fork"

🗿

An important thread

Want to learn more about how people use RAI? Check out the thread below

Yesterday @VitalikButerin stopped by again to share his thoughts on using LSDs from permissionless stakers as collateral And to bring up an interesting idea What do you think of RAI making and using its own homegrown staking derivative? 🗿

The stability of RAI in relation to other major fiat currencies (updated) Hint: we're the really stable looking line

1/2 After @VitalikButerin fired up @reflexerfinance discord, we presented to the DAO, in the forum, the proposal of having a community owned, native staking derivative. One that we can custom build to grow RAI’s ecosystem and NOT pose threats to the Ethereum network..

🔔

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New Listing: @reflexerfinance ✅ Trading Pair: $FLX / $USDT ✅ Trading Starts: 10:00 AM, Sep 06 (UTC) 📈 Trade:

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Details:

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#Gateio #Newlisting #FLX

HAI will also receive a 100k OP grant from Optimism The details of which can be found here:

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Thank you Lido DAO for helping fund @letsgethai 🌥️

🔥 @VitalikButerin offloads $MKR after @MakerDAO 's founder suggests a Solana fork. Buterin called @reflexerfinance to embrace minority liquid staking tokens (LSTs) to expand its share of Ethereum’s stablecoin sector. Read more 👇

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A new proposal just went live on @tallyxyz ! If passed the proposal will pay @RaidGuild to create a UI for Global Settlement More information on the proposal can be found in the Reflexer Community Forum

The @letsgethai Discord is turning into a great source of information for anyone who wants to fork RAI Interested in deploying your own controlled peg stable for your community? Stop by and say HAI to our Reflexer DAO-run fork

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the alpha is in #testnet

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

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ICYMI🗿 You can deposit your RAI as collateral to mint TAI and earn rewards in RATE on

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TAI is a friendly fork of Reflexer Finance @taimoney6

right now, if Global Settlement were to occur, you'd need to interact via Etherscan this proposal would create a UI that would allow anyone (regardless of technical capability) to partake in Global Settlement

ICYMI 🗿 There was a recent proposal in our forum to fund the creation of a Global Settlement UI The proposal will be going up on Tally for vote shortly

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.

Where Moyai remains pure on ETH Mainnet HAI experiments with LSD on Optimism

Money God Approved Dashboard ✔️🗿

ICYMI recent @reflexerfinance forks! @letsgethai 🌥️ - a fork by Reflexer DAO (Ameen, myself, etc) and advised by Reflexer OG team members - multicollateral, governance-lite, on Optimism @taimoney6 - a fork by big brain anon team advised by Ameen - multicollateral on ETH

Big thanks to @LidoFinance for the grant!

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Let's get HAI

“Censorship resistance-demanding DAOs...should be providing a service that isn't just evading permanent censorship, but also evading mere instability and disruption. MakerDAO (and the Reflexer DAO which manages RAI) are excellent examples of this.”

"What I love about RAI is that it is a completely fair way to determine the “price of stability”, and also much cleaner than others." - @dankrad

🏛️ Governance Update 🏛️ 💡Implementing a Peg Stability Module (PSM) for $R We're exploring a Peg Stability Module (PSM) to enhance $R stability and foster sustainable growth and adoption across multiple applications and use cases. Share your thoughts 👇

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RAI is priced in USD, but it doesn't try and maintain any specific USD value, instead it tries to balance supply & demand for RAI itself when RAI < peg, the peg is repriced higher when RAI > peg, the peg is repriced lower RAI start=$3.14, now=$2.75

Let's meme

Excerpts from a recent Twitter Space on Flatcoins w/ @ameensol "I want to grow a community of people who understand that you can build your own central bank right now. You have the tools. And it's actually only going to get easier"

(un)governance

A part of why we support @letsgethai is because it's allocating 20% of its governance token to Reflexer DAO. But more importantly, we wanted to clean up the Reflexer codebase and make it easy for anyone to deploy a controlled-peg stablecoin To build a pantheon of Money Gods

Making the Reflexer System Work For You When the market price is higher than the redemption price, the Money God incentivizes actions to drive the market price down. So how do you play this out? 1/

Members of the Money God League pay fealty to Moyai at the Altar of RAI. @letsgethai is giving 20% of its gov token supply to buy and sacrifice (burn) FLX at the Altar

1/ “until this shit is in textbooks as a historical turning point for theory of central banking we are still early” RIP @delete_shitcoin To understand why we stand at the precipice of a central banking revolution, let us tell you story...

RT @tallyxyz: ☞We're proud to support this important step in the evolution of Reflexer and the expansion of the Money God League. 👀HAI wi…

A new forum proposal from @ameensol has been posted announcing HAI, a multi-collateral fork on Optimism If you wanna get ⛅️HAI⛅️, check out this post

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The Money God summons meme-makers from all walks of life to the Reflexer Discord to partake in the Reflexer meme competition. The competition will last for 1 week and the top 3 meme makers will be rewarded in FLX More details in Discord 🗿

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“Censorship resistance-demanding DAOs...should be providing a service that isn't just evading permanent censorship, but also evading mere instability and disruption. MakerDAO (and the Reflexer DAO which manages RAI) are excellent examples of this.”

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RT @ameensol: gm, another excellent opportunity for this RAI meme

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Knowing when governance power changes hands is important for protecting against potential governance attacks. So we built the Scales of Themis-- a Discord bot that tracks the movement and accumulation of FLX. The Money God sees all

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