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Market Cap$ 2.52T-1.52%
24h Spot Volume$ 44.58B+96.8%
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Rai Reflex Index

Rai Reflex Index RAI Price $ 2.87

Rank: 1047

133 Watchlists

DeFi

RAI Price

2.87
0.17%
(-$ 0.00495)
Price Range
LowHigh
$ 2.87$ 2.88

General Info

Contracts/Explorers:

Explorers

Tags (Sub-Categories):

#Token

Funds and Backers

Description

RAI is a non-pegged, ETH-backed stable asset. It is useful as more 'stable' collateral for other DeFi protocols

Rai Reflex Index (RAI) Chart

Rai Reflex Index price Index provides the latest RAI price in US Dollars , BTC and ETH using an average from the world's leading crypto exchanges.

RAI to USD Converter

Rai Reflex Index (RAI)RAI

RAI Price Statistics

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Market Cap

$ 10.55M

Fully diluted value

FDV

$ 103.46M

ATH Market Cap

$ 99.50M

24 Trade Vol.

$ 62.82K


Vol. (24h) / MCap

0.00596

Max Supply

RAI 35,993,880

Total Supply

RAI 3,669,149

Circulating Supply

RAI 3.67M

(10.2% of Max Supply)

Listing Date

18 Feb 2021

All Time High

$ 7.51

2 Apr 2021


All Time Low

$ 0.916

13 Jun 2021


From ATH

61.7%

From ATL

213.9%

What is Rai Reflex Index (RAI)?

RAI is a stablecoin that is backed entirely by ETH. It is part of the Reflexer platform and aims to operate as a stablecoin that is neither pegged nor backed by one central authority, as opposed to many stablecoins currently on the market. 

It is meant to be resistant to the volatility of market events that result in the loss of a stablecoin’s peg, and thus be a more stable representation of its collateral, whilst still being trustless. The project refers to this kind of asset as reflex-index.

RAI is intended to be used across DeFi protocols or held as a reserve in times of extreme market volatility.

What are RAI’s key features and how does it work?

As mentioned, RAI is entirely backed by decentralized immutable collateral on Ethereum. In order to mint RAI, users can deposit their ETH and start sending, swapping, or saving with RAI.

It uses a unique method in order to remain stable. Since, unlike a lot of other stablecoins, it is not backed by any central authority or reserve. Instead of a fixed 1:1 peg to the USD, RAI deploys a supply and demand control theory that finds and is able to stick to a control price. It relies on a set of codes that, when implemented, adjust to and follow the market by autonomously and automatically reacting to on-chain market data.

What is noteworthy about Rai Reflex Index (RAI)?

  • Some of Rai Reflex Index’s noteworthy features stem from the ability to adapt to market changes:
  • Liquidation Protection. Positions are protected from possible liquidation by issuing Uniswap LP tokens.
  • Self Repaying Loans. RAI interest rates alternate, for example, when negative minters are paid through devaluing RAI or self-repaying users’ loans.
  • Governance Minimized. RAI is managed by code and backed only by ETH.
  • Crypto Native. Unaffected by the US Federal Reserve Monetary Policy.

Where can you buy RAI?

RAI is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Uniswap V2, Gate.io, and CoinBase Pro. The price of RAI will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for RAI market price, please view the price charts on this page.

Rai Reflex Index Price Today

Rai Reflex Index's current price is $ 2.87, it has dropped -0.17% over the past 24 hours.

Rai Reflex Index's All Time High (ATH) of $ 7.51 was reached on 2 Apr 2021, and is currently -61.7% down.

The current circulating supply of Rai Reflex Index is 3.67 Million tokens, and the maximum supply of Rai Reflex Index is 35.99 Million.

Rai Reflex Index’s 24 hour trading volume is $ 62.82 Thousands.

Rai Reflex Index's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 10.55 Million.

You can find more details about Rai Reflex Index on its official website and on the block explorer.

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