RAI

RAI, or Reflex Index, is a decentralized stablecoin designed to maintain a stable value while being algorithmic in nature. Unlike traditional stablecoins that are backed by fiat currencies, RAI is partially backed by Ethereum and uses a system of incentives to stabilize its price through market mechanisms. This allows RAI to adapt to fluctuations in demand while aiming to keep its value around a one-to-one peg with the United States dollar, making it an innovative participant in the cryptocurrency ecosystem.