Reflexer Ungovernance Token
Price live today, Analysis, Charts & Ratings for Reflexer Ungovernance Token (FLX)
No data
Informations
17.15
USD
Rank #943| WebSite : Reflexer.finance |
| Whitepaper : Docs.reflexer.finance |
| Domain Age : Data not found or unavalaible |
- 24 hours
-3.2%
- 30 days
32.25%
- ATH
-99.07%
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The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. AssetCrypto does not recommend that any cryptocurrency should be bought, sold, or held by you.
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Reflexer Ungovernance Token Ratings Score
Reflexer Ungovernance Token Price live today
Reflexer Ungovernance Token (FLX) is currently trading at 17.15 USD and with a circulating supply of 676,185 FLX.
Its market capitalization is 11,551,032 USD.
FLX price has moved -3.2% in the last 24 hours, with 122,934 USD worth of FLX traded on various exchanges.
Reflexer Ungovernance Token currently ranks #943 in cryptocurrency rankings based on market capitalization.
Its market capitalization is 11,551,032 USD.
FLX price has moved -3.2% in the last 24 hours, with 122,934 USD worth of FLX traded on various exchanges.
Reflexer Ungovernance Token currently ranks #943 in cryptocurrency rankings based on market capitalization.
About Reflexer Ungovernance Token (FLX)
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.
- 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.