Rai Reflex Index
RAI Price
How is the price of Rai Reflex Index (RAI) calculated?
The price of Rai Reflex Index (RAI) is calculated in real-time by aggregating the latest data across 10 exchanges and 23 markets, using a global volume-weighted average formula. Learn more about how crypto prices are calculated on CoinGecko.
Rai Reflex Index Price Chart (RAI)
| 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|
| 0.2% | 0.1% | 0.2% | 2.4% | 1.4% | 12.7% |
RAI Converter
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Market Cap
Market Cap = Current Price x Circulating Supply
Refers to the total market value of a cryptocurrency’s circulating supply. It is similar to the stock market’s measurement of multiplying price per share by shares readily available in the market (not held & locked by insiders, governments) Read More |
$3,585,207 |
|---|---|
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Market Cap / FDV
The proportion of current market capitalization compares to market capitalization when meeting max supply.
The closer the Mkt Cap/FDV to 1, the closer the current market capitalization to its fully diluted valuation and vice versa. Learn more about Mkt Cap/FDV here. |
1.0 |
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Market Cap / TVL Ratio
Ratio of market capitalization over total value locked of this asset. A ratio of more than 1.0 refers to its market cap being greater than its total value locked.
MC/TVL is used to approximate a protocol’s market value vs. the amount in assets it has staked/locked. |
0.25 |
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Fully Diluted Valuation
Fully Diluted Valuation (FDV) = Current Price x Total Supply
Fully Diluted Valuation (FDV) is the theoretical market capitalization of a coin if the entirety of its supply is in circulation, based on its current market price. The FDV value is theoretical as increasing the circulating supply of a coin may impact its market price. Also depending on the tokenomics, emission schedule or lock-up period of a coin's supply, it may take a significant time before its entire supply is released into circulation. Learn more about FDV here. |
$3,585,207 |
|
Fully Diluted Valuation / TVL Ratio
Ratio of fully diluted valuation (FDV) over total value locked (TVL) of this asset. A ratio of more than 1.0 means that the FDV is greater than its TVL.
FDV/TVL is used to approximate a protocol’s fully diluted market value vs. the amount in assets it has staked/locked. |
0.25 |
|
24 Hour Trading Vol
A measure of a cryptocurrency trading volume across all tracked platforms in the last 24 hours. This is tracked on a rolling 24-hour basis with no open/closing times.
Read More |
$44,224.67 |
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Total Value Locked (TVL)
Capital deposited into the platform in the form of loan collateral or liquidity trading pool.
Data provided by Defi Llama |
$14,615,450 |
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Circulating Supply
The amount of coins that are circulating in the market and are tradeable by the public. It is comparable to looking at shares readily available in the market (not held & locked by insiders, governments).
Read More |
1,178,405
|
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Total Supply
The amount of coins that have already been created, minus any coins that have been burned (removed from circulation). It is comparable to outstanding shares in the stock market.
Total Supply = Onchain supply - burned tokens |
1,178,405 |
RAI Historical Price
| 24h Range | $3.02 – $3.06 |
|---|---|
| 7d Range | $3.02 – $3.07 |
| All-Time High |
$4.19
27.4%
Feb 18, 2021 (over 3 years)
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| All-Time Low |
$2.44
24.9%
Oct 08, 2023 (11 months)
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How do you feel about RAI today?
What is RAI?
RAI is a non pegged, ETH backed stable asset built by Reflexer. It is the first asset of its kind that, instead of being pegged to a specific target such as the USD, it freely floats while it’s being influenced by market forces. RAI’s mission is to become a crypto native and governance minimized stable asset that is detached from fiat.
What is Reflexer?
Reflexer is a smart contract lending platform that allows anyone to use their crypto collateral and take out loans in the form of RAI. It was founded by Reflexer Labs in mid 2020 as an initiative to introduce control theory in the crypto space and revive the old vision that was supposed to be implemented for DAI: build a stable currency with no peg and managed by an on-chain, smart contract based controller.
In October 2020 Reflexer launched a mainnet demo called Proto RAI (PRAI). The demo showed for the first time how an on-chain PID controller can stabilize a currency. After the PRAI demo ended, in February 2021, Reflexer phased out RAI. As of April 2021, the platform has more than $300M worth of ETH locked and RAI’s market price exceeds $100M.
What can RAI do? RAI is a unique stable currency that has an intrinsic rate which can be either positive or negative. Holders and traders can take advantage of this rate while at the same time stabilize RAI. RAI is also integrated with money markets such as CREAM and can be used on platforms such as Gitcoin and OpenSea. Further reading on RAI’s use-cases and benefits can be found in Reflexer’s documentation.
Anyone is free to verify RAI’s source code as well as check the progress toward making RAI governance minimized.
How can I obtain Rai?
Anyone can obtain RAI in three main ways: i) mint it using a Reflexer Safe, ii) borrow it from a secondary market or iii) buy it from an exchange such as Uniswap.
Minting Rai incurs debt as well as exposes the minter to the effects of the redemption rate, which is the rate at which Rai is de or revalued. More information on the redemption rate as well as on Rai’s behaviour can be found in this FAQ.
If someone decides to mint Rai, it’s important that their Safe maintains a collateralization ratio above the liquidation ratio. If the Safe’s collateralization ratio goes below the liquidation ratio, it will be liquidated and a liquidation penalty will be imposed on top of the minted debt.
Where can you buy Rai Reflex Index?
RAI tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade Rai Reflex Index is Uniswap V3 (Ethereum), where the most active trading pair RAI/WETH has a trading volume of $9,371.09 in the last 24 hours. Other popular options include LATOKEN and Uniswap V2 (Ethereum).
What is the daily trading volume of Rai Reflex Index (RAI)?
The trading volume of Rai Reflex Index (RAI) is $44,224.67 in the last 24 hours, representing a -29.30% decrease from one day ago and signalling a recent fall in market activity.
What is the all-time high for Rai Reflex Index (RAI)?
The highest price paid for Rai Reflex Index (RAI) is BTC0.0001836, which was recorded on Feb 18, 2021 (over 3 years). Comparatively, the current price is -27.40% lower than the all-time high price.
What is the all-time low for Rai Reflex Index (RAI)?
The lowest price paid for Rai Reflex Index (RAI) is BTC0.00003714, which was recorded on Oct 08, 2023 (11 months). Comparatively, the current price is 24.90% higher than the all-time low price.
What is the market cap of Rai Reflex Index (RAI)?
Market capitalization of Rai Reflex Index (RAI) is BTC60.0104 and is ranked #1947 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of RAI tokens (1.2 Million tokens are tradable on the market today).
What is the fully diluted valuation of Rai Reflex Index (RAI)?
The fully diluted valuation (FDV) of Rai Reflex Index (RAI) is BTC60.0104. This is a statistical representation of the maximum market cap, assuming the maximum number of 1.2 Million RAI tokens are in circulation today. Depending on how the emission schedule of RAI tokens are designed, it might take multiple years before FDV is realized.
How does the price performance of Rai Reflex Index compare against its peers?
With a price decline of -0.20% in the last 7 days, Rai Reflex Index (RAI) is underperforming the global cryptocurrency market which is up 9.30%, while underperforming when compared to similar Polygon Ecosystem cryptocurrencies which are up 0.00%.
How to add Rai Reflex Index (RAI) to MetaMask?
Adding Rai Reflex Index (RAI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import RAI as a token. You can copy RAI’s contract address (0x03ab458634910aad20ef5f1c8ee96f1d6ac54919) and import it manually, or if you've installed MetaMask's chrome extension, add RAI to MetaMask with one click on CoinGecko.
Add RAI to MetaMask.
Rai Reflex Index Markets
| # | Exchange | Pair | Price | Spread | +2% Depth | -2% Depth | 24h Volume | Volume % | Last Updated | Trust Score | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 |
DEX
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$3.05 | 0.6% | $4,000 | $3,988 | $9,371.00 | 21.18% |
Recently
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| 2 |
CEX
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$3.03 | 1.14% | $172 | $25 | $11,843.00 | 26.78% |
Recently
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| 3 |
DEX
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$3.03 | 0.6% | $9,416 | $9,388 | $8,051.00 | 18.2% |
Recently
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| 4 |
DEX
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$3.05 | 0.6% | $4,040 | $4,028 | $5,719.00 | 12.93% |
Recently
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| 5 |
DEX
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$3.03 | 0.61% | $1,267 | $1,263 | $513.00 | 1.16% |
Recently
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| 6 |
DEX
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$3.03 | 0.62% | $512 | $511 | $498.00 | 1.13% |
Recently
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| 7 |
DEX
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$3.05 | 0.62% | $421 | $420 | $87.00 | 0.2% |
Recently
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| 8 |
DEX
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$3.05 | 0.62% | $411 | $410 | $329.00 | 0.74% |
Recently
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| 9 |
DEX
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$3.05 | 0.64% | $242 | $241 | $339.00 | 0.77% |
Recently
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| 10 |
DEX
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$3.05 | 0.66% | $139 | $139 | $354.00 | 0.8% |
Recently
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