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Reflexer Ungovernance Token (FLX)

$647.56USD
1.00000000 FLX
(-14.06 %)
Coin
Market Cap
$ 29,335,100
Volume 24h
$ 812,289
Circulating Supply
45,277
Reflexer Ungovernance Token Chart
Description Reflexer Ungovernance Token

The RAI (Reflexer) ecosystem aims to decentralized security incentives through the Reflexer ungovernance token, FLX. FLX will have two different core functions: - Lender of last resort: similar to other models such as the Maker protocol, the RAI system will have surplus and debt auctions. Debt auctions will autonomously mint and auction new FLX in case the system is underwater. - Ungoverning the RAI system: once the vast majority of governance capabilities are completely removed from the system, the community will be able to decide on how, when and if to securely governance minimize any remaining components. FLX will facilitate further ungovernance and allow the community to take decisions on how to remove themselves from discretion over the protocol.

Reflexer Ungovernance Token Price $647.56
Market Cap $ 29,335,100
Volume 24h $ 812,289
Circulating Supply 45,277
Total Supply 0
24h Change -14.06 %