Exchange Reflexer Ungovernance Token

flx Price Live Data

The live Reflexer Ungovernance Token price today is $ 5.79 usd with a 24-hour trading volume of $42 906 usd. We update our FLX to usd price in real-time. Reflexer Ungovernance Token is up 1.96% in the last 24 hours. The current coinmarketcap ranking is #1835, with a live market cap of $5 198 393 usd. It has a circulating supply of 898 500 FLX coins and the max. Supply of 972 622 FLX coins.

What Is Reflexer Ungovernance Token (flx)?

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.