Ethereum

2024

World

Coin

<ul class="news-points">
 <li>Ethereum’s founder suggests exploring non-USD-connected indices for RAI V2 to enhance stability and neutrality.</li>
 <li>Vitalik Buterin proposes index ideas, including World GDP and a weighted basket of world currencies.</li>
 <li>The crypto community responds with widespread approval and additional suggestions.</li>
</ul>
Reflexer Finance, the team behind RAI, the first non-pegged stable asset backed solely by Ethereum (ETH), recently solicited suggestions from the community on desired changes for a second version of RAI.
The inquiry piqued the interest of Ethereum’s founder, Vitalik Buterin, who <a href="https://coinedition.com/ethereum-founder-thinks-synchronous-atomic-composability-is-overrated/" rel="noopener noreferrer nofollow">offered his insights</a>. Buterin suggested exploring non-USD-connected indices to enhance RAI V2’s stability and neutrality. He outlined four key criteria for a good index: easily measurable, not too manipulable, credibly neutral, and reasonably stable.
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 Explore non-USD-connected indices. A good index should be (i) easily measurable, (ii) not too manipulable, (iii) credibly neutral, (iv) reasonably stable. Random ideas: * World GDP * Weighted basket of world currencies * DAO manages a CPI-like basket— vitalik.eth (@VitalikButerin) <a href="https://twitter.com/VitalikButerin/status/1816723916108542065?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 26, 2024</a>
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Essentially, Buterin proposed diversifying away fro…
The post <a href="https://coinedition.com/reflexer-finance-crowdsources-ideas-for-rai-v2-buterin-suggests-non-usd-backing/" rel="noopener noreferrer nofollow">Reflexer Finance Crowdsources Ideas for RAI V2, Buterin Suggests Non-USD Backing</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Reflexer Finance Crowdsources Ideas for RAI V2, Buterin Suggests Non-USD Backing

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