RAI
Rai Reflex Index (RAI) is an Ethereum token that aims to maintain a stable value. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it.
All edits by Valeria Lelytsia
RAI
Rai Reflex Index (RAI) is an Ethereum token that aims to maintain a stable value. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it.
RAI is the first ever stablecoin that is not pegged to any fiat currency. It is only backed by ETH and is meant to be governance minimized as time passes by. RAI is already integrated in several protocols, serving as a native DeFi unit of account and a trust minimized stable asset.
RAI requires 35 network confirmations. Learn about transaction confirmations.
RAI is hosted on Ethereum.
Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.
These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.
RAI
Rai Reflex Index (RAI) is an Ethereum token that aims to maintain a stable value. The RAI-USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de- or re-valuing it.
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