What is Rai

Article Summary, Automatically Generated By AI

Summary

  • RAI is a non-pegged, ETH-backed stable asset.
  • Use cases: stable collateral for DeFi protocols and stable asset with embedded interest rate.

About Rai Reflex Index: A Revolutionary DeFi Metric

RAI is a non-pegged, ETH-backed stable asset, offering a more stable collateral option for other DeFi protocols compared to ETH or BTC, or serving as a stable asset with an embedded interest rate.

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