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Reflexer Finance
Reflexer lets users mint RAI stablecoins by depositing ETH as collateral, using algorithmic rate adjustments to maintain stability.
United States
Description
Reflexer helps users generate ETH-backed stable assets without fiat pegs through collateralized debt positions called SAFEs. Users deposit ETH to mint RAI, which maintains relative stability through an automated PID controller that adjusts redemption rates based on market conditions. The protocol minimizes governance dependence through the FLX token system, enabling algorithmic monetary policy decisions rather than manual intervention.Grant Funding
VC Funding
None
2021
$0
$4.1M