Stablecoin event
RAI launches on Ethereum mainnet
Reflexer launched RAI as an ETH-backed stable-value asset using a floating protocol redemption price rather than a fixed one-dollar peg.
ImpactHigh
Detail kindMigration
Sources2
RAI Reflex Index
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Reflexer Labs / RAI
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| Date | 2021-02-17 |
|---|---|
| Event type | Launch |
| Event detail kind | Migration |
| Stablecoin subjects | RAI Reflex Index |
| Organization subjects | Reflexer Labs / RAI |
| Impact | High |
| Effect on stablecoin status | Active |
| Recovery / reversal | Not applicable / unresolved |
| Recovery date | — |
| Cause or mechanism | RAI mainnet launch. |
| Record confidence | Medium |
| Migration summary | RAI mainnet launch. |
|---|
| Source | Publisher | Type | Evidence scope |
|---|---|---|---|
| RAI FAQ | Reflexer | Protocol Docs | Rai Floating Redemption Price and Protocol Design |
| RAI integrations and partners | Reflexer | Protocol Docs | Rai Ethereum Contract and Market Integrations |
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