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r/CryptoCurrencySee Post

Why are these stable coins pumping?? BUSD and RAI??

r/CryptoCurrencySee Post

Why did BUSD and RAI pump? Has anyone else noticed these stable coins pumping????

r/CryptoCurrencySee Post

Polkadot and Kusama will play very important roles in the implementation and adoption of Web 3.0 and some DOT projects like Ocean are already showing it.

r/CryptoCurrencySee Post

I lost my day trading gains chasing coins named LOVE, LOOKS AND SOFI.

r/CryptoMoonShotsSee Post

RaiTiger Just Stealth Launched, Doxed Devs in VC, Charity token to Help Victims of Typhoon RAI

r/CryptoCurrencySee Post

Future of DeFi reserve currencies

r/CryptoMarketsSee Post

What is RAI Finance/$RAI?

r/CryptoCurrenciesSee Post

What is RAI Finance/$RAI?

r/SatoshiStreetBetsSee Post

Reflexer Launches Alternative to Ethereum Stablecoin DAI, Called RAI

Mentions

I know everybody hates USDT on this sub for some reason - but this is why it continues to exist. If you want proper decentralisation try DAI, RAI and Frax. DAI still relies a lot on USDC unfortunately.

LUNA / UST seemed like a an obvious ponzi to me, I'm not sure how do many people invested in it. A stable coin backed by... Their governance token?? That's s no from me. There are some actually cool projects like FRAX, MAI and RAI that are actually innovative and cosñterkzed - in the case of RAI it is backed only by ETH and is not legged to the dollar, but made to be a decentralized stablecoin that does not need to rely on a third party holding cash in a bank.

RAI came un pegged! Coinbase is fukd up tricking people to want to buy it! Get out of Coinbase before they steal all your coins!

Mentions:#RAI

He recommends RAI

Mentions:#RAI

RAI...

Mentions:#RAI

LUSD and RAI are far more attractive to me as decentralized collateralized stables. Given how much of DAI in circulation is actually backed by USDC, it's pretty much just USDC with additional smart contract risk IMO, there is a huge asterisk next to the decentralized with Maker and DAI. Also LUSD has a more efficient liquidation mechanism, multiple frontend options and no governance. It's a resilient, immutable and "finished" protocol. What you see is what you get, always and forever.

0.0024 at point of rebrand to nano from rai. Today 0.000036. -98% : that was 4 years and 5 months ago. So I apologize for not giving you specific dates. If you held RAI before the name change you should have dumped it when the faucet distributed tokens were pumped a bazillion % and then dumped by the early ponzi like every other shitcoin.

Mentions:#RAI

I was thinking more like DAI/RAI or USDC. Each are over collateralized and openly audited. To create a $1 of DAI you need to put up $1.50 of ETH. If the market drops your position is closed so there's no risk to the borrower or lender. If you deposited $2000 ETH to receive $1333 DAI and ETH fell 50% MakerDAO would have sold your collateral for $1333 and you'd still be left with 1333 DAI. USDC is managed by Circle and Coinbase which is audited and stored in the US. For every 1 USDC there is $1 you can redeem it for. USDT is managed by a business who doesn't audit and carries foreign debt but they've still always kept up with their 1-fiat-dollar per USDT redemption no matter the amount. Algorithmic stablecoins have zero collateral other than themselves. To create $2000 of Luna you burn $2000 of UST but if both are falling in value there's nothing backing it. XLM and XRP are good for cheap transactions but they are both pretty volitile.

> Anyway, get out of any algo stable if you own any. you say algo stable but what you mean is under-collateralized stable - DAI is fine, RAI is fine, etc.

Mentions:#DAI#RAI

RAI is a fork of DAI so they work similar if not identical.

Mentions:#RAI#DAI

what about RAI? it's like the others, but pegged to $3 for some reason.

Mentions:#RAI

Any good/recent threads out there on RAI? Seems like its whole schtick is that it's "targeting" some value of USD/RAI \~$3 as opposed to other collateralized stables like DAI that try to maintain a "peg" to exactly USD/DAI $1. Seems unnecessary, but feels like I'm missing something if Vitalik apparently likes it.

Mentions:#RAI#DAI

Yep, that's pretty much what Vitalik said (RAI as well though)

Mentions:#RAI

Crypto-backed decentralized stable coins that utilize Overcollateralization are much safer than UST, USDC, or USDT. Here is a list of a few I personally recommend. $sUSD $DAI $RAI $RSV

Crypto-backed decentralized stable coins that utilize Overcollateralization are much safer than UST, USDC, or USDT. Here is a list of a few I personally recommend. $sUSD $DAI $RAI $RSV

Vitalik is mad and reccomends DAI/RAI

Mentions:#DAI#RAI

@sassal0x · May 14, 2022 Stop "experimenting" with ponzis, algostables, yield farming and other unsustainable nonsense. Start experimenting with public goods funding, governance/DAOs, decentralized identity/reputation, regenerative finance and privacy tools. This is the gwei. vitalik.eth @VitalikButerin Agree hard on this, with the one quibble that "algostable" has become a propaganda term serving to legitimize uncollateralized stables by putting them in the same bucket as collateralized stables like DAI/RAI, and we need to really emphasize that the two are very different.

Mentions:#DAI#RAI

Vitalik says "DAI, RAI and maybe USDC are all the stablecoins we really need". In Vitalik I trust!

Mentions:#DAI#RAI#USDC

Coinbase debit card rewards -> if I want to lock their value in before crypto drops any more in price, are there any better options than swapping them for DAI? Just a bit nervous if the whales go after DAI's peg The problem is this: coinbase charges a fee for swapping the XLM rewards for USDC (like 99 cents which is alot if I only have a few bucks at a time of rewards) I could send them to coinbase pro every single time I get rewards but that's a bit much So it leaves me with DAI or RAI as swap options to lock in the rewards values but that exposes me to DAI's peg stability which will probably hold but I'd rather not have to think about it Also I thought the coinbase debit card rewards were changed to rotating or something but they never asked me to change from XLM to something else, anyone knows how this works? Should I swap it to GRT or rally now?

They released RAI at $3.14 (pi). Its just an arbitrary dollar value but the market settled around $3

Mentions:#RAI

I might be misunderstanding. Is the three dollar price of RAI intentional? Or the PID controller just happened to land on it?

Mentions:#RAI#PID

Because RAI is fully collateralized against ETH only with the same systems in place as Maker in the event of a depeg. Its a free floating peg which is why it's around $3. The peg is maintained by a PID controller so it's allowed to float. Its meant to be "stable enough" while also being the most decentralized collateralized stablecoin.

Mentions:#RAI#ETH#PID

If we already have DAI as a stable eth based asset, why do we also need RAI (holds at about 3 USD now) ? Forgot Vitalik Buterin's reasoning

Mentions:#DAI#RAI

You're welcome to keep using regular crypto, but stablecoins were basically an inevitable invention once you were able to build anything on an open blockchain. People just don't want to transact in volatile assets, nor do they want to deal with the tax headache. The simplest way to do this is with 1:1 cash backing, as USDC/GUSD/USDP do. Yes, you have to trust Circle/Gemini/Paxos, but most are content with this tradeoff due to the regulatory disclosures these companies do. The next way you can do this is with an overcollateralized asset like DAI, LUSD, or RAI. These are more advanced, but are also more decentralized and less vulnerable or immune to censorship. RAI is also immune to USD manipulation because it isn't pegged to USD.

Vitaliks choises are RAI, DAI and maybe USDC https://twitter.com/BanklessHQ/status/1523995722261147648?t=qWRslf7wR7LkZ-X9IBHa-w&s=19

Mentions:#RAI#DAI#USDC

Hmm... he DIDN'T say anything about LUNA... "He said, “DAI, RAI, and maybe USDC are the only stablecoins that we really need.” [That that as you will... xD](https://watcher.guru/news/ethereums-vitalik-buterin-on-the-only-stablecoins-you-need-usts-demise-predicted)

Collateral is important. High APYs are dangerous. RAI looking real good right now.

Mentions:#RAI

Bitcoin is a dead coin, but this is right. I'm very skeptical of the trend of tokenizing every single project. I think a lot of people are overlooking the value of having on-chain applications that you *can't make money speculating on.* There used to be a lot of them, but they all went DAO. That's not a big deal if you're already sucked into the Ethereum environment, but from the outside looking in, it looks like a sellout move. One of the best ways I've been able to argue for Ethereum's legitimacy in the past has been to point to a number of projects that are useful and don't involve money at all. The result of DAO governance is that these types of projects are becoming very hard to find. If your project has a token, I'm gonna think twice about funding it on the next Gitcoin round. If you can run a project through matching grants instead of releasing a speculative asset, you should. In fact, we should even consider forking away from DAO protocols if we can. Start using RAI stablecoin instead of DAI. It's better for security anyway.

Mentions:#DAO#RAI#DAI

DAI or RAI on a scalable layer 2.

Mentions:#DAI#RAI
r/CryptoCurrencySee Comment

Never knew this I'll be switching my DAI to RAI now.

Mentions:#DAI#RAI
r/CryptoCurrencySee Comment

Nano was hyped in 2021? I bought RAI in 2018 I think and that is now nano. but I am deep in a loss with it

Mentions:#RAI
r/CryptoCurrencySee Comment

"I bought XNO back when it was RAI." skipping all the years it was NANO.

Mentions:#XNO#RAI
r/CryptoCurrencySee Comment

It mattered back when investors were focused on coins that could potentially be used for retail transactions. The idea was that none of this shit matters unless there is widespread adoption, and the best way to achieve adoption is to provide a viable alternative for retail payments. Unfortunately, that idea has fallen by the wayside as more and more investment bros have jumped in to the market, with everyone looking for the next hype train. I still believe that the market has gotten way ahead of itself. *Currency* is vital to adoption. But in the crypto land-rush, we skipped over the basic goal. Hell, we’re already into futures and derivatives and all kinds of complex investments that mimic traditional markets without having the most fundamental piece of the puzzle in place. Maybe I’m old school, but I still think that crypto will never succeed until a single-purpose payment coin takes hold of the market. I bought XNO back when it was RAI. It’s the one coin that I’ve never even considered selling because it’s still one I’ve the top candidates for a true cryptocurrency.

Mentions:#XNO#RAI
r/CryptoCurrencySee Comment

PAXG XAU RAI maybe some HEX foe the memes

Mentions:#PAXG#RAI#HEX
r/CryptoCurrencySee Comment

Moving from USDT to another centralized stable like USDC or BUSD don’t help anyone. UST, MIM, FRAX, SUSD, RAI, DOLA…there are so many good decentralized stables now. USDC is the same custodial garbage.

r/CryptoCurrencySee Comment

I am supportive of truly decentralized stables, hence why I mentioned RAI and LUSD. UST is not "truly decentralized" by any stretch of the imagination compared to LUSD, let's not kid ourselves here.

Mentions:#RAI#LUSD#UST
r/CryptoCurrencySee Comment

The USDC blacklist doesn't affect DAI. And I'm sure I'll be bombarded by Terra shills but UST barely qualifies as decentralized. If you want to get into purity tests, the only "true" decentralized stables are LUSD and maybe RAI.

r/CryptoCurrencySee Comment

You may like looking into VOLT/RAI. They're not exactly what you're looking for as value is relative across the board but they're aiming to be non-existing currency pegged stable coins.

Mentions:#VOLT#RAI
r/CryptoCurrencySee Comment

Same here lol You have Eidoo card as well? 4% back in PNT, DOUGH & RAI tokens (after staking 3k PNT). Either way we pay for groceries, so we might as well get some crypto cash-back meanwhile…

r/CryptoCurrencySee Comment

NANO deserves respect. The big picture goals of crypto will never be achieved without a viable transactional coin. Back when everybody believed that this was the first step to legitimizing cryptocurrency, RAI/NANO came up with a novel solution to the shortcomings of BTC. As the BTC network ground to a halt and charged exorbitant fees for minor transfers, NANO transactions were instantaneous with no fees. Just when NANO began to gain traction, the BitGrail scandal hit. By the time they were able to prove that NANO was not susceptible to double-spending, and that the fault lay with a corrupt exchange, it was too late. The damage to its reputation had been done. Because of that early hit to its momentum, it may never achieve its promise. But it remains a fast and fee-less option for transactions. And if the SEC’s published guidance on crypto is any indication of the the direction regulators will take in the future, it may yet emerge as an excellent candidate for a bare-bones digital currency.

Mentions:#RAI#BTC
r/CryptoCurrencySee Comment

Lool they dont know you’re spending cashbacks received in PNT and RAI tokens, well said mate, we are very early

Mentions:#PNT#RAI
r/CryptoCurrencySee Comment

RAI

Mentions:#RAI
r/CryptoCurrencySee Comment

Solid portfolio you’ve got there. My majors are the ones I’m currently using their products or have something coming up, for example I use the Eidoo wallet and the card where I get PNT, RAI and DOUGH as cashbacks and they also have a new update coming as well. I also make use of the FTM wallet, so I’ll be accumulating some of that. Binance has been very useful to me so I have BNB, I’m getting some ETH as well to flip NFTs.

r/CryptoCurrencySee Comment

Here's a stable coin 101: **Types** * Collateralized stablecoins: These stablecoins are backed by another asset. USDC and USDT are dollar-backed stablecoins, meaning for every 1 USDC/T, there is 1 real dollar in a vault somewhere (or at least there is supposed to be, more on this in risks). There are also crypto collateralized stablecoins like DAI and RAI, where people can mint $1 worth of stablecoins by collateralizing other crypto like Ethereum. * Algorithmic stablecoins: These are crypto assets meant to track the price of $1, but they are not backed by anything. Instead, they use game theory and arbitrage opportunities to maintain the peg. UST is probably the most famous algorithmic stablecoin. **Risks** * The big risk for dollar-backed stablecoins is with the custodians and sovereigns. Essentially, you are trusting the custodian isn't misappropriating funds, leaving the dollars on chain undercollateralized (IE, Tether could print more USDT than they actually have in the bank). There is also sovereign risk - the government of the country the dollars are custodied within could lean on the custodian to try to get them to censor transactions, or even in a worse case scenario, outright seize the account. * The big risk for algorithmic stables is that the game theory fails and the value goes to 0. This happens often, especially in times of duress during big market crashes. UST has been an exception to the rule thus far, holding through several corrections in May, September, and the current one. **Yields** Stablecoin yields generally come from lending. Because of the opportunities in crypto, many people will borrow stablecoins at higher interest rates than normal since it enables them to move freely on chain as they chase opportunities, usually between 8-10%. IE, in a bull run, you're not concerned about an 8% interest rate if you think you can 2x or 3x. Then, there is also DeFi. DeFi completely abstracts the middleman, passing more rewards on to the lender. Additionally, some protocols offer user incentives to lend to try to attract liquidity, which is why you sometimes see yields of 20+% on stablecoin lending. Generally speaking here, the risks are: If you use a CEX like Blockfi, its the same custodial risk as above. You don't know who Blockfi lends to they may put your funds at risk. If you use DeFi, there are tons of security risks as the smart contract may get exploited. And then sometimes you get both - exchanges may themselves be using DeFi, which exposes you to the exploit risk regardless.

r/CryptoCurrencySee Comment

I enjoy a decent APY via pNetwork up to 21% with the liquidity mining pool on Uniswap and that’s just one of many ways to earn. There are also cashbacks options from the Eidoo card where I get rewards in PNT, RAI and DOUGH. These are just a few of many ways I earn.

r/CryptoCurrencySee Comment

USDC. Maybe also diversify on DAI and RAI.

Mentions:#USDC#DAI#RAI
r/CryptoMarketsSee Comment

The Eidoo card has been around for a while and the cashbacks come in PNT, DOUGH and RAI. Besides there are over 500k downloads of the Eidoo wallet app so far and a new update that will include managing NFTs is set to be released soon too. I think it’s gaining popularity already.

r/CryptoCurrencySee Comment

I totally forgot about that RAI aka NANO!! Need to buy the dip!!

Mentions:#RAI
r/CryptoCurrencySee Comment

This is an old battle that we lost a long time ago. If you want to know what happened, it’s pretty simple. When RAI/NANO started gaining steam, it was back when Coinbase had very few coins listed. They were much more reluctant to expand their offerings. Bitcoin dominance was still very high, and the crypto space was largely controlled by a handful of trusted projects. RAI solved a lot of the problems that were surfacing with BTC after the 2017 spike, specifically speed and extremely high transfer fees. At a time when many, if not most investors still believed that success would ultimately be defined by adoption for retail transactions, NANO was seen as a real threat to BTC. Needless to say, this led to strong resistance from BTC supporters. A single mention of NANO on many subs would result in a permanent ban. There were rumors that Coinbase was deliberately blocking NANO. And just as support was reaching critical mass, BitGrail happened. It took some time for the source of the problem to be determined, but in the meantime, NANO struggled to convince the community that it wasn’t inherently vulnerable to double spending. By the time everything was sorted out, and NANO was cleared of fault, it was too late. Opponents had all the ammo they needed to create FUD, and Coinbase didn’t have to defend its decision to keep NANO off of the exchange. Obviously, lots of things have happened since then, but the reality is that the BitGrail scandal prevented NANO from its best shot at mass adoption. We’ve had other spurts of momentum since then, but missing out on that first wave of support was devastating.

Mentions:#RAI#BTC
r/CryptoCurrencySee Comment

Yes, algorithmic stablecoins. FEI and RAI are some good examples

Mentions:#FEI#RAI
r/CryptoCurrencySee Comment

Not much buddy. It is just a lower three digit figure. I DCA and hold Bitcoins and altcoins and learn day trading with beer money. I really love day trading because it is like a puzzle to me that I like to solve and have been making consistent gains day trading gala and harmony one since December. But today I was not happy with those 15% gains and ended up chasing Pumps on shitcoins named LOVE, LOOKS and SOFI(RAI) and lost 40%. Tomorrow is a new day again. Back to daytrading Harmony one.

r/CryptoCurrencySee Comment

Thats what I did for the past two months but apparently I was not happy with my daily 6-10% wins. Today I lost money on LOVE, LOOKS AND SOFI(RAI)

r/CryptoCurrencySee Comment

Fiat-backed: USDC by Circle, USDP&BUSD by Paxos Algorithmic: UST by Terra, cUSD by Celo, sUSD by Synthetix Algorithmic&Collateralized: FRAX by Frax Collateralized: DAI by Maker, LUSD by Liquity Unpegged: RAI by Reflexer If you want a stablecoin that actually backed by real US dollar, go with USDC/USDP/BUSD. If you want the decentralized one, go with Algorithmic and/or Collateralized stablecoins. If you want a non-pegged-to-fiat stablecoin, go with RAI The risk of centralized fiat-backed stablecoin is censorship. The risk of algorithmic and collateralized stablecoin is volatility. I'm not sure about the risk of RAI, still learning

r/CryptoCurrencySee Comment

The three main utilites for DOT are staking, supporting crowdloans and participating in governance. Currently 63% of DOT is locked in staking and crowdloans if i calculated correct, we're also only at the second batch of crowdloan auctions so that number will increase. It's hard to say if people will rush to invest in crowdloans of smaller projects, i think it depends on the overall market conditions and success of Polkadot, liquid staking is coming so then you can both recieve staking rewards and lock up money in crowdloans. Another use for DOT is as backing for stablecoins, Acala will use it as backing for aUSD along with their own token, and it's likely that protocols doing similar stuff to Liquity and RAI which uses only DOT as backing launches. So it's not used to pay fees since 'the crowdloans are the fees', but there's demand for it and since so much of it is locked up it has a narrative of stability.

Mentions:#DOT#RAI
r/CryptoMarketsSee Comment

I use Eidoo and get a 4% cash back on my tier in 3 tokens: PNT, DOUGH and RAI. They have an integration with Loopring (layer-2) so fees are negligible… Everyone involved in crypto should use crypto cards and compound all the cash-back rewards, cause either way we need to make payments on a daily basis. And it is such a fast and hustle free process of just topping up your card whenever you need rather than withdrawing from CEXes to the bank account and all that… Crypto cards are also pushing the adoption forward, so I’m a big fan of them! Looking forward to get a Binance card as well just to diversify more…

r/CryptoCurrencySee Comment

So trade one ponzi for another? We should strive towards stablecoins like RAI, so we can unpeg from USD once and for all.

Mentions:#RAI
r/CryptoCurrencySee Comment

The thing is that BlockFi card is not available for Europe (at least not for now). I use crypto.com card and eidoo card. From crypto.com I get a 2% in CRO and from eidoo a 4% in PNT, DOUGH and RAI. The latter is better in my opinion and I definitely can’t complain… but who wouldn’t like a credit card and to receive those cashback rewards in BTC. It’s like borrowing fiat to buy BTC, love the idea! However, it seems that we’ll still need to wait for them to release it in Europe. I don’t know how they’ll do it tho as the credit is conditioned to the credit score system they have in US. I guess we’ll see…

r/CryptoMarketsSee Comment

I have the 4% tier cashback from Eidoo and it does the job. There is an anual limit on the amount received, tho but I don’t think it’s that easy to reach it - you need to be such a spender to do so… Also you receive the rewards in 3 tokens as following: - basic card with 0 tokens staked will get 1% (0,5% DOUGH + 0,5% RAI + 0% PNT) - basic+ card with 3,000 tokens staked will get 4% (2% PNT + 1% DOUGH + 1% RAI) - vip card with 10,000 tokens staked will get 8% (4% PNT + 2% DOUGH + 2% RAI) - vip+ card with 25,000 tokens staked will get 12% (6% PNT + 3% DOUGH + 3% RAI) - black card with 200,000 tokens staked will get 16% (8% PNT + 4% DOUGH + 4% RAI) Just for your info - hope this helps! If anyone has questions, feel free to reply and ask!

r/CryptoCurrencySee Comment

But why would a business go through the trouble/expense if the network will run without them adding a node themselves? I understand the cost savings, but that alone doesn’t explain why they would run one themselves? There still is no incentive to run one…other than “you should” or “it’s fun” or “to secure the network”. None of these reasons are going to appeal to business owners that aren’t blockchain/DAG enthusiasts. I bought my first RAI on bitgrail and got it off before it got hacked. I’m not a hater but the argument is difficult to make for widespread adoption.

Mentions:#DAG#RAI
r/CryptoCurrencySee Comment

Relative to anything else. BTC and the rest of crypto are crazy volatile compared to things like gold and most foreign currency. And of course you can have non-fiat-pegged stables, RAI does exactly that.

Mentions:#BTC#RAI
r/CryptoCurrencySee Comment

It's certainly possible but I don't think such a thing has been created yet. For a truly global (interplanetary?) currency to work for day to day usage, it needs: * Near-zero fees * Massive TPS * Extremely low volatility (no volatility?) * Massive liquidity * Universal acceptance * Credible neutrality and ironclad security * To not be pegged to any fiat currency At the moment, nothing ticks all those boxes. I think a stablecoin like RAI on an recursively-proofed rollup could do it but adoption and liquidity creation could take years if not decades.

Mentions:#RAI
r/CryptoCurrencySee Comment

> This means that stablecoins by design must be centralized. Well, no. DAI is the 4th largest stable and it's controlled by MakerDAO, backed mostly by ETH though admittedly it's too reliant on USDC as backing right now (but improving). Then there are about a million other DAO-based stables that aren't reliant on a central authority. MIM is one of my favorites right now. There are even stables that aren't pegged to any fiat currency like RAI so they're 100% decentralized. Like it or not, stables are here to stay and they're a fundamental building block of DeFi. There will always be a desire for a tokenized asset that doesn't fluctuate (too much) in price.

r/CryptoCurrencySee Comment

Yep, stablecoins are the way forward. I think the real question is whether fiat-pegged coins like USDC or DAI will win out or if an alternative stable like RAI will gain popularity. My guess is that fiat-pegged coins will dominate for the foreseeable future because they're easy to understand and to account for.

Mentions:#USDC#DAI#RAI
r/CryptoCurrencySee Comment

Yeah Binance has cards too. But pretty expensive now to access those superior tiers because BNB is expensive and the cash back is not that great either. Eidoo is still the one with the biggest rewards up to 16% and in 3 tokens PNT, DOUGH and RAI.

r/CryptoCurrencySee Comment

I am looking forward to seeing crypto payments go mainstream, by then my rewards in my Eidoo wallet would have been enough to last me a whole year, more PNT, more RAI

Mentions:#PNT#RAI
r/CryptoMarketsSee Comment

There is another crypto card from Eidoo (available for UE and UK zone). Up to 16% in cash back - getting 3 tokens: RAI, DOUGH, PNT. Similar extra perks: Netflix, Amazon Prime, airport lounges etc. This card offers the biggest cash-back on the market, from my research! Even the free tier (that requires no staking nor any tokens burning) still gives a 1% cash-back. Anyone involved in crypto should use a crypto card.

r/CryptoCurrencySee Comment

I used to think i was greedy wanting more % on cashbacks from my Eidoocard, i think their 14% cashback in PNT and RAI is just fair then, the Plutus card works on any platform? Also 6.6Mcap is a steal if the project ends up blowing up

Mentions:#PNT#RAI
r/CryptoCurrencySee Comment

Seriously, nobody has mentioned Reflexer Labs RAI yet? It's a stablecoin without any reference point. Its value drifts in a slow, dampened way. Backed solely by ETH. It's exactly what you're asking if exists, OP.

Mentions:#RAI#ETH
r/CryptoCurrencySee Comment

Holy shit that's a name I haven't heard in a long time. I think I actually have a RAI stack somewhere. Fuck.

Mentions:#RAI
r/CryptoMarketsSee Comment

One way would be depositing stablecoins or assets Iike Ethereum or Wrapped Bitcoin into a Lending protocol like AAVE or Compound or MakerDAO or Liquity or RAI (Reflexer Finance) or MIM or protocols like Alchemix, where you can lock your collateral and use your „future yield“ in regard to the overcollaterization ratio. In my case, I would deposit DAI into Alchemix and lend me 50 % of the collateral in form of alUSD, which is pegged to DAI in a 1:1 ratio, DAI is pegged to the dollar, but in a decentralized way, no central authority issues it, the users do. I use the alUSD to swap into any token I need to get it into the real economy. That’s the plan.

r/CryptoCurrencySee Comment

RPL/rETH, SPELL/MIM, OHM, RAI, both IMX tokens

r/CryptoCurrenciesSee Comment

That’s grand, I’ll check it out. I’m currently excited about the 16% cashback I just got from shopping online with my eidooCard. I got PNT, RAI and DOUGH as rewards.

r/CryptoCurrencySee Comment

Well maybe, if you look at gold and the safest kinds of stocks then prices still vary a lot, gold bought during 2012 went down around 25% and only recovered in the pandemic. And there will be CBDCs in the future, which could affect crypto becoming not only investment but everyday money. Maybe the best bet for crypto would be something like what RAI does, it references ETH to create a stablecoin that's pegged to a value that floats free from any fiat currency.

Mentions:#RAI#ETH
r/CryptoCurrencySee Comment

Sounds like an in game currency for a cyber punk 1st person shooter. I dumped all my nano the moment they rebranded. They should change the name back to RAI-blocks

Mentions:#RAI
r/CryptoCurrencySee Comment

I see. Would be great if there was a stablecoin that's stable in relation to the cost of living. If the RAI stays around $3.14 while the dollar devalues in relation to the cost of living, I don't see any upside to it compared to other stablecoins.

Mentions:#RAI
r/CryptoCurrencySee Comment

Yes, I understand this - it’s a stablecoin that fluctuates around the supply/demand of RAI (at least the RAIUSD pair). It is otherwise Ether backed. As I understand it, it reduces the volatility of the underlying asset that you use to mint RAI (like Ether). It isn’t 1:1 stable, though, so I suppose I don’t see the real purpose of it? I saw the listing ages ago but can’t seem to grasp its functionality.

Mentions:#RAI
r/CryptoCurrencySee Comment

It’s around 3 dollars like you said but not exactly 3 dollars per RAI. It fluctuates but has nothing to do with USD as the website itself states.

Mentions:#RAI
r/CryptoCurrencySee Comment

Minting RAI requires Ethereum backing. RAI-USD is sold on exchanges for a variable price around ~$3, so, if you’re looking to buy RAI, then it’s got a relationship to fiat, just like Ethereum does. If you are talking about how RAI retains algorithmic stability, then yes, it’s not based inherently on USD. Stablecoins today outside of USDC are still not inherently 1:1 stable. USDC is one of the only stablecoins that’s collaterally backed by cash reserves. This is also why you don’t see arbitrage opportunities on it like DAI. I don’t see what prevents me from taking similar arbitrage opportunities on RAI-USD pairs

Mentions:#RAI#USDC#DAI
r/CryptoCurrencySee Comment

Look into a true stablecoin such as RAI that is 100% backed by eth. It isn’t pegged to the dollar but hovers around pi (3.14)

Mentions:#RAI
r/CryptoCurrencySee Comment

Well for RAI if i understand it correctly, it's not pegged to any asset in the way we normally say things are pegged, rather it references ETH/USD and uses a PID controller to work against market forces to stay stable. Here's a [thread on Twitter](https://twtext.com/article/1262821171961253890) explaining. >The protocol adjusts rates autonomously via a PID controller that monitors the deviation between $RAI ’s market vs. redemption price. > >PID controller explained:- Proportional: adjust rates based on the size of the deviation- Integral: adjust rates based on the time length of the deviation- Derivative: adjust rates based on how fast the deviation is growing/shrinking ​ And here's a more in-depth article if you'd like: [In-depth analysis of Reflexer stabilization mechanism: How to apply PID control theory to cryptocurrency?](https://blockcast.cc/news/in-depth-analysis-of-reflexer-stabilization-mechanism-how-to-apply-pid-control-theory-to-cryptocurrency/)

Mentions:#RAI#ETH
r/CryptoCurrencySee Comment

The only possible alternative (addition) is that we create a coin that's stable but not pegged to fiat or directly follow any other asset, RAI and Float are innovating at this, my guess for the future is that we will have a plethora of stablecoins aiming to stay at a similar price.

Mentions:#RAI
r/CryptoCurrencySee Comment

This is interesting, but I think this writer is almost trying to redefine what “pegged” means. A peg is when a certain price is targeted in a certain currency, it doesn’t mean that an asset is backed by said currency. RAI seems to be targeting a USD price of $3, which would still make it pegged to USD by the traditional definition of the term.

Mentions:#RAI
r/BitcoinSee Comment

I see what you’re saying- but I have faith in crypto entrepreneurs- I’ve never seen a greater concentration of smart people in any one industry before. Early innovations to remove the peg from govt controlled Fiat are already out there- true “stablecoins” which are NOT pegged to USD, like RAI, and reserve backed stablecoin tokens like OHM are some innovations in this direction.

Mentions:#RAI#OHM
r/CryptoCurrencySee Comment

No, that's what Dai by MakerDAO is though. They're not pegged to anything (other than possibly themselves i guess). Here's a [article](https://stefan-ionescu.medium.com/rai-is-a-stablecoin-17eea21e9d1c) about RAI by Reflexer

Mentions:#RAI
r/CryptoCurrencySee Comment

Never heard of Float, but RAI is legit, not sure why you're getting downvoted.

Mentions:#RAI
r/CryptoCurrencySee Comment

Nothing, you take a arbitrary value like $3.14 and then you keep it stable through algorithms. And instead of having it being backed by real world money you can use ETH or other digital assets and have it all be decentralized. RAI and Float does this, though they differ a bit in execution and goal.

Mentions:#ETH#RAI
r/CryptoMarketsSee Comment

Only to some degree, centralized stables, yes. But there are other stables like RAI, OHM, MIM. Furthermore, there are other decentralized stables with a soft peg to 1 USD like DAI or LUSD, which are fully backed by reserves, on chain verifiable.

Mentions:#RAI#DAI
r/CryptoCurrencySee Comment

tldr; Baoman, the founder of Bao Finance, took part in an AMA on the Reflexer Labs (RAI) Discord server. He answered questions about Bao, the DAO, DeFi, and synthetics. Baoman also shared his vision for the future of DeFi and how he would like to see it evolve. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Mentions:#AMA#RAI#DAO
r/CryptoCurrencySee Comment

What about RAI being pegged to Ethereum?

Mentions:#RAI
r/CryptoCurrencySee Comment

Why do people need RAI tho? Cant they just have ust or some other stablecoin why is RAI so good. I don't get it.

Mentions:#RAI
r/CryptoCurrencySee Comment

The tweet is stupid, but the article is also in the running. > highly volatile So, like gold? Also, there are volatility dampened crypto derivatives like RAI, they don't all shoot around in price randomly like safemoon. > all-but-totally-unregulated Regulated by code, and pretty damn tightly. > environmentally damaging Only a small subset of cryptos are environmentally damaging.

Mentions:#RAI
r/CryptoCurrencySee Comment

how would this work for DAI or RAI or Euro/Intl. Stable Coin?

Mentions:#DAI#RAI
r/CryptoCurrencySee Comment

Sounds like RAI already fits the bill.

Mentions:#RAI
r/CryptoCurrencySee Comment

Like DAI or RAI on Ethereum. 👍

Mentions:#DAI#RAI
r/CryptoCurrencySee Comment

RAI

Mentions:#RAI
r/CryptoCurrencySee Comment

This plus upcoming shit about stablecoins being securities (and some rumors about Circle needing to blacklist smart contracts) should add to these worries. DAI isn't safe from this either. AFAIK UST would be the next best option, with MIM and VAI/RAI being up and comers to the space.

r/CryptoCurrencySee Comment

Centralized stable coins. People should just always use DAI or RAI

Mentions:#DAI#RAI
r/CryptoCurrencySee Comment

This isn’t true for a number of reasons: 1. GUSD and USDC are backed 1:1 with cash and cash equivalents (USDC deviated from this last Q, but has since changed back due to backlash) 2. DAI is 60% collateralised by USDC 3. RAI, LUSD and sUSD are other decentralised stablecoins

r/CryptoCurrencySee Comment

Or RAI, which is way better than DAI

Mentions:#RAI#DAI
r/CryptoCurrencySee Comment

Nano/RAI 2017 wants the investment back.

Mentions:#RAI