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[RAI]

Rai Reflex Index

Grade
B+
Date of Rating:
June 4th, 2024
Last Change:
June 4th, 2024
SMIDGE Scores
[S] Stability
[M] Management
[I] Implementation
[D] Decentralization
[G] Governance
[E] Externals
[S]
N/A
[M]
N/A
[I]
N/A
[D]
N/A
[G]
N/A
[E]
N/A
RAI Price
Last Update:
06/05/57470 00:40:00
$2.72
Market Cap
$2,184,153
24h Volume
$32,773
Collater­alization
372%
Type of Peg
Floating - Free
Type of Backing
Crypto
Data provided by
Coingecko
SMIDGE Scores
[S] Stability
[M] Management
[I] Implementation
[D] Decentralization
[G] Governance
[E] Externals
[S]
-
[M]
-
[I]
-
[D]
-
[G]
-
[E]
-
Core Team
  • Hidden Name
  • Hidden Name
Audits
Native Chains
  • Chain
Links
Full Report
Scoring Guidelines
[S]
[M]
[I]
[D]
[G]
[E]
0.00
0.00
0.00
0.00
0.00
0.00
Rai Reflex Index
B+
  • RAI is an experimental decentralized stablecoin with a floating price. Unlike most stablecoins, RAI is not pegged to a fiat currency.
  • The protocol is forked from MakerDAO's DAI and is substantially similar, except for 2 innovations: (a) a free-floating price and (b) the use of positive and negative interest rates to influence the market price of RAI.
  • RAI is solely backed by ETH collateral. Its current Collateralization Ratio is over 350%.
  • Despite its experimental nature, RAI has proven to be a reliable low-volatility alternative to conventional stablecoins. RAI is ideal for sophisticated users who want a decentralized, censorship resistant stablecoin and can understand its intricacies.

RAI's rating can be upgraded from B+ to A- by:

  • allowing direct redemption (primary liquidity) of RAI for ETH collateral.