About Rai Reflex Index
Please note: Whilst this token may be described as a ‘stable’ asset its value is not designed to be pegged to any fiat currency (e.g. Pounds Sterling or US dollars) and its price may therefore fluctuate. This token relies on complex algorithmic arrangements and is collateralised by Ether (ETH), meaning its value could decline or become volatile. Please visit https://www.coinbase.com/asset-risks for more information on asset risks. RAI is an Ethereum token. 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. The supply and demand mechanic plays out between two parties: SAFE users (those who generate RAI with their ETH) and RAI holders (those who hold, speculate on or use RAI in other protocols and apps).
Market Stats
Market Cap
£1.35M
2.97%
FDV
£1.35M
Circ. Supply
721K RAI
Max Supply
Not enough data
Total Supply
721K RAI
Total Value Locked
£3.88M
Diluted Valuation
£2.55M
Performance
Popularity
#1,819
Dominance
0%
Volume (24H)
£19.03K
-63.39%
Volume (7D)
£114.55K
Volume (30D)
£1.81M
All time high
£6.93
Price Change (1Y)
-12.21%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Investment risk
Baseline risk: All crypto-assets are risky, regardless of the type of token you hold. Here are some 'baseline' risks to be aware of before deciding to invest.
Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.
Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.
Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.
Don't put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.
Stablecoins: 'Stablecoin' (e.g. USDC, USDT) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks'
Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.
Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.
Collateral risk: There's a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).
FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate
Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there's a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.
Additional details
Recent trends
The price of Rai Reflex Index has decreased by 0.78% in the last hour and decreased by 7.62% in the past 24 hours. Rai Reflex Index’s price has also fallen by 10.77% in the past week. The current price is £1.87 per RAI with a 24-hour trading volume of £19.03K. Currently, Rai Reflex Index is valued at 73.05% below its all time high of £6.93. This all-time high was the highest price paid for Rai Reflex Index since its launch.
The current circulating supply of Rai Reflex Index is 720,895.954 RAI which means that Rai Reflex Index has as total market cap of £1,347,177.63.
Market details
RAI vs markets
↘ 46.11%
RAI vs BTC
↘ 52.73%
RAI vs ETH
↘ 12.36%
Tags
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x03ab458634910AaD20eF5f1C8ee96F1D6ac54919 | |
Avalanche C-Chain | 0x97Cd1CFE2ed5712660bb6c14053C0EcB031Bff7d | |
Optimism | 0x7FB688CCf682d58f86D7e38e03f9D22e7705448B | |
Polygon | 0x00e5646f60AC6Fb446f621d146B6E1886f002905 |
Price history
Time | Price | Change |
|---|---|---|
Today | £1.87 | ↘ 7.62% |
1 Day | £2.03 | ↘ 7.62% |
1 Week | £2.07 | ↘ 10.77% |
1 Month | £1.83 | ↗ 1.28% |
1 Year | £2.20 | ↘ 12.21% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
Rai Reflex Index (RAI) is a unique type of digital asset that is not pegged to any traditional fiat currency. It is an Ethereum-backed stable asset that strives to provide a relatively stable asset in the often volatile cryptocurrency market. Unlike other stablecoins, RAI does not maintain a fixed value but instead, its price is allowed to fluctuate within certain parameters. This innovative approach aims to provide a form of collateral for decentralized finance (DeFi) protocols, as well as a stable asset with an embedded interest rate.
RAI operates on the Reflexer platform, a decentralized platform where users can leverage their cryptocurrency collateral to mint RAI. The value of RAI is not pegged to any specific value, but rather it is backed by Ethereum (ETH), a popular cryptocurrency. The system uses a mechanism that adjusts the redemption rate of RAI based on market conditions, aiming to maintain a balance between supply and demand. This mechanism allows RAI to maintain a relatively stable value, even in the face of market volatility.
RAI aims to serve as a more stable form of collateral for other DeFi protocols compared to volatile assets like Bitcoin (BTC) or Ethereum (ETH). Its non-pegged nature allows it to adapt to market conditions. Additionally, RAI can be used as a stable asset with an embedded interest rate, providing potential compensation for holders. Its unique properties could make it a valuable tool in the broader DeFi ecosystem, contributing to the development of more robust and flexible financial applications.
The Rai Reflex Index is a product of the GEB Foundation, a project that focuses on the development of decentralized and non-pegged stable assets. The foundation has been operational for a number of years, and since then, it has been working on creating innovative solutions for the DeFi space. RAI is one of the outcomes of this effort, representing a new approach to stablecoin design. The history of RAI is still being written, as it continues to evolve and adapt to the needs of the DeFi ecosystem.
We update our Rai Reflex Index to GBP currency in real-time. Get the live price of Rai Reflex Index on Coinbase.
The current market cap of Rai Reflex Index is £1.35M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Rai Reflex Index is £6.93. This all-time high is highest price paid for Rai Reflex Index since it was launched.
Over the last 24 hours, the trading volume of Rai Reflex Index is £19.03K.
Assets that have a similar market cap to Rai Reflex Index include MahaDAO, HAPI Protocol, Orbit Chain, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Rai Reflex Index is 721 thousand.
Rai Reflex Index ranks 329 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 67% of Coinbase users are buying Rai Reflex Index. In other words, 67% of Coinbase customers have increased their net position in Rai Reflex Index over the past 24 hours through trading.
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Legal
This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.