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).
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Market Stats
Market Cap
$2,064,442.24
FDV
Not enough data
Circulating Supply
798,993.448 RAI
Max Supply
Not enough data
Total Supply
798,993.448 RAI
Total Value Locked
$9,249,530.00
Performance
Popularity
#1,599
Dominance
0%
Volume (24H)
$6,098.35
12.93%
Volume (7D)
$12,750.61
Volume (30D)
$2,210,521.63
All time high
$9.30
Overall Price Change (1Y)
-0.07%
Additional info about Rai Reflex Index
Recent trends
The price of Rai Reflex Index has increased by 0.82% in the last hour and decreased by 11.93% in the past 24 hours. Rai Reflex Index’s price has also risen by 23.44% in the past week. The current price is $2.58 per RAI with a 24-hour trading volume of $6.10K. Currently, Rai Reflex Index is valued at 72.22% below its all time high of $9.30. 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 798,993.448 RAI which means that Rai Reflex Index has as total market cap of $2,064,442.24.
Market details
RAI vs markets
↘ 21.23%
RAI vs BTC
↘ 28.7%
RAI vs ETH
↗ 83.7%
Tags
defi
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x03ab458634910AaD20eF5f1C8ee96F1D6ac54919 | |
Avalanche C-Chain | 0x97Cd1CFE2ed5712660bb6c14053C0EcB031Bff7d | |
Optimism | 0x7FB688CCf682d58f86D7e38e03f9D22e7705448B | |
Polygon | 0x00e5646f60AC6Fb446f621d146B6E1886f002905 |
Price history
Time | Price | Change |
|---|---|---|
Today | $2.58 | ↘ 11.93% |
1 Day | $2.93 | ↘ 11.93% |
1 Week | $2.09 | ↗ 23.44% |
1 Month | $3.07 | ↘ 15.79% |
1 Year | $2.79 | ↘ 7.22% |
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 degree of stability 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 more flexible and resilient 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, potentially making it a more resilient form of collateral in the face of market volatility. 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 that aims to provide more flexibility and resilience than traditional stablecoins. 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 USD currency in real-time. Get the live price of Rai Reflex Index on Coinbase.
The current market cap of Rai Reflex Index is $2.06M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Rai Reflex Index is $9.30. 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 $6.10K.
Assets that have a similar market cap to Rai Reflex Index include Waffles Davincij15's Cat, ISKRA Token, LandX Finance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Rai Reflex Index is 799 thousand.
Rai Reflex Index ranks 304 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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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Rai Reflex Index news
Trending articles
Social stats
Popularity in posts
#631
Contributors
62
Posts
89
% About Rai Reflex Index
0.069%
Hold times
0 days
X (Twitter)
75.4% bullish
Sentiment
3.7 ★
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.
Highlights
62 unique individuals are talking about Rai Reflex Index and it is ranked #631 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Rai Reflex Index has an average sentiment score of 74 out of 5. Finally, Rai Reflex Index is becoming less newsworthy, with 0 news articles published about Rai Reflex Index.
On Twitter, people are mostly bullish about Rai Reflex Index. There were 78.29% of tweets with bullish sentiment compared to 3.83% of tweets with a bearish sentiment about Rai Reflex Index. 21.71% of tweets were neutral about Rai Reflex Index. These sentiments are based on 71 tweets.
On Reddit, Rai Reflex Index was mentioned in 1 Reddit posts and there were 0 comments about Rai Reflex Index. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Legal
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.