Reflexer Ungovernance is centered around the FLX token, which serves two main functions. First, it acts as a lender of last resort, implementing surplus and debt auctions similar to the Maker protocol. In scenarios where the system's stability is compromised, it autonomously mints and auctions new FLX tokens to address any shortage.
The second function involves the ungovernance of the RAI system. As governance capabilities are significantly diminished, the community will have the authority to decide how to minimize any remaining governance elements. FLX will support this ungovernance process, enabling community decisions regarding the reduction of discretion over the protocol.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Price Chart
Contract Security
0x6243d8cea23066d09…On-Chain Facts
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0x7a97e2a5639f172b5…11.41% -
0xbf654c6770bc019ed…9.10% -
0xe207f98c7ad7f7b38…5.78% -
0xd6f3768e62ef92a97…5.26% -
0x0b920528ee999d079…5.16% -
0x6bccb36688f54040c…4.31% -
0xacd773434af397210…2.79% -
0x7a37eadaf5db28e20…2.09% -
0xff34019e145590ebc…1.99% -
0x57bb2a2260c056420…1.47%
