FLX
Reflexer Ungovernance TokenReflexer Ungovernance Token price
FLX $10.31
$10.31  

1.59% (1d)

Reflexer Ungovernance Token to USD Chart

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Reflexer Ungovernance Token statistics
Market cap 

1.59%

$1,997,409
#1137
Volume (24h) 

43.32%

$66,139
#2178
Volume/Market cap (24h) 
3.31%
Circulating supply 
193,796 FLX
19.38%
Total supply 
999,715 FLX
Max. supply 
1,000,000 FLX
Fully diluted market cap 
$10,306,733
Sponsored
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FLX
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Price performance
24h 
Low
$10.00
High
$10.56
All-time high
Nov 16, 2021 (2 years ago)
$2,694.40
-99.62%
All-time low
Sep 03, 2023 (a month ago)
$7.28
+41.51%
See historical data
Popularity
In watchlists4,108x
3200th / 9.0K


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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.