DeFi Saver’s Recipe Creator a DeFi UX GamechangerRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$104.6M+6.3%
in ETH41.8K ETH+1.3%
in BTC2.7K BTC-1.9%
ETH Locked40.92K ETH+65 ETH
% Supply Locked0.04%
Most Locked$WETH
Protocol Token$FLX

Total Value Locked (USD) in Reflexer

  • TVL (USD)
  • ETH
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is Reflexer?

Reflexer is a decentralized platform where anyone can use their crypto collateral to issue reflex indexes like RAI. RAI, Reflexer's first reflex index, is an ETH backed, non pegged stable asset whose monetary policy is managed by an on-chain, autonomous controller. Reflex indexes are stable assets that are not pegged to anything, very similar to how the US Dollar is not pegged and it is still considered stable. DeFi users can borrow RAI via Reflexer by depositing ETH as collateral into what’s called a Safe. Borrowed RAI is subject to an interest rate referred to as the borrow rate. Safes must maintain a minimum collateral ratio of 145%. If a Safe position fails to maintain this collateral ratio, the Safe will incur a liquidation penalty and the protocol will sell collateral to keepers at a discounted rate to cover the debt. Note: there’s also a minimum amount of RAI that must be generated by a Safe. This ensures that in the event of liquidation the Safe has enough collateral to cover its debt and the necessary gas costs and incentives for keepers necessary to liquidate the position.

How to use Reflexer?

Anyone can create RAI by depositing ETH in the protocol. You can interact with RAI using Reflexer's native interface.

DeFi Saver’s Recipe Creator a DeFi UX Gamechanger

Users from around the world should be able to easily access the benefits of decentralized finance. Yet in DeFi’s early days, you could really only be initiated to these benefits by manually figuring things out on your own through trial and error. This has kept accessibility at bay in kind!  What’s needed, then, is an …

2021-06-07Read more >

Impermax’s Indirect Liquidity Providing Makes DeFi Easier

Previously, providing liquidity to automated market maker (AMM) projects in DeFi has been a manual and somewhat tedious process. You source the required amount of tokens for your desired pair, approve token contracts, pay gas fees to deposit, and then if you’re looking to farm further yields you might go and stake your new liquidity …

2021-05-26Read more >

AMA with Impermax Founder Simone Rigolon

This AMA session with Impermax Founder Simone Rigolon occurred on May 14th, 2021. The following is a transcription of the live from DeFi Pulse’s AMA Discord channel. To participate in future AMAs, please join our Discord and follow us on Twitter. Chaz Schmidt: Hello and welcome @everyone ! Thank you for joining us today for …

2021-05-19Read more >

Founder Fireside Chat with Robert Lauko of Liquity

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity to better understand their perspective and what drives them to build their vision. Welcome! We’re glad to have you back for another Founder Fireside Chat. This week, we sat down with Robert Lauko, Founder and …

2021-05-14Read more >