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Reflexer is a platform where anyone can use their crypto collateral to issue reflex indexes. Reflex indexes are stable assets that are not pegged to anything.
RAI is a non pegged, ETH backed stable asset. It is useful as more "stable" collateral for other DeFi protocols (compared to ETH or BTC) or as a stable asset with an embedded interest rate.
Try our free Rai Reflex Index (RAI) portfolio tracker if you want to efficiently keep track of your RAI and other coin/token investments.