Reflexer is a protocol for generating a unique stablecoin, RAI. Unlike other stablecoins, RAI is different as its stability does not come from being pegged to the Dollar. Instead, RAI uses several mechanisms to maintain the price and availability of RAI stable including a redemption mechanism which helps keep the price stable relative to the price movement of ETH.
Upcoming Reflexer Strategies
Reflexer Team expressed interest in submitting some strategies for Reflexer Finance on Instadapp. Strategies are complex transactions that can be used to move value between protocols such as refinancing debt positions or levering multiple protocols at once. You can execute your own custom transactions with a little bit of Javascript knowledge on any page of the DApp, or more comfortably using Instadapp Terminal.
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