Reflexer Ungovernance Token

The RAI (Reflexer) ecosystem aims to decentralize security incentives through Reflexer ungovernance token FLX.

< BR />FLX will have two different core features: < BR />- Lender of last resort: Similar to other models such as manufacturer's Agreement, the RAI system will have surplus and debt auctions. Debt auctions will automatically cast and auction new FLX in case the system goes underwater.

< BR />- De-governance of RAI systems: Once the vast majority of governance capabilities are completely removed from the system, the community will be able to determine how, when, and if it is safe to minimize the remaining components of governance. FLX will promote further ngo and allow communities to decide how to remove their discretion over agreements.