Reflexer Ungovernance Token price 


28.54% (1d)

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Reflexer Ungovernance Token statistics
Market cap


Volume (24h)


Volume/Market cap (24h)
Circulating supply
193,796 FLX
Total supply
999,715 FLX
Max. supply
1,000,000 FLX
Fully diluted market cap
FLX to USD Converter
Price performance
All-time high
Nov 16, 2021 (3 years ago)
All-time low
May 14, 2024 (15 days ago)
See historical data
In watchlists4,738x
3431st / 10.1K
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Reflexer Ungovernance Token news


About Reflexer Ungovernance Token

FLX will have two different core functions:

  • Lender of last resort: similar to other models such as the Maker protocol, the RAI system will have surplus and debt auctions. Debt auctions will autonomously mint and auction new FLX in case the system is underwater.

  • Ungoverning the RAI system: once the vast majority of governance capabilities are completely removed from the system, the community will be able to decide on how, when and if to securely governance minimize any remaining components. FLX will facilitate further ungovernance and allow the community to take decisions on how to remove themselves from discretion over the protocol.

What is Reflexer Ungovernance Token?

How is Reflexer Ungovernance Token secured?

How will Reflexer Ungovernance Token be used?

What key events have there been for Reflexer Ungovernance Token?