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Rank #943

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Reflexer Ungovernance Token Ratings Score

Last score update : 9 hours ago

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.

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.