Reflexer Ungovernance Token profile
Reflexer Ungovernance Token Profile (FLX)
Rating: Poor
Adventurous Nano Cap
Project Safety Score

Sun, Feb 11, 2024 7:00 AM

Market Cap $3,355,059.82
Market Dominance unknown
24hr Volume $156,212.54
Price $17.31
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Reflexer Ungovernance Token

token

Ethereum

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.

Read more in the whitepaper:
  • Dao
  • Dapp
  • Derivatives
  • Ethereum Ecosystem
  • Asset-backed Stablecoin
  • Stablecoin - Asset-backed
  • Decentralized Finance (defi)
  • Ethereum
  • Ethereum
  • Smart Contracts
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FLX
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Reflexer Ungovernance Token News

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