New Ethereum-backed stablecoin RAI hopes to be the savior of the DeFi sector by offering a actually decentralized stablecoin alternative.
Developed by blockchain startup Reflexer Labs, RAI is just not pegged to any fiat foreign money and its financial coverage is managed by an on-chain, autonomous controller. It’s a fork of Maker’s DAI. RAI co-founder Ameen Soleimani defined:
How is RAI totally different?
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