Reflexer Finance Crowdsources Concepts for RAI V2, Buterin Proposes Non-USD Backing

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Ethereum Founder Shares New Vision for First Non-Pegged Stable Asset Backed by ETH

  • Ethereum founders have instructed contemplating a non-USD-linked index for RAI V2 to extend stability and neutrality.
  • Vitalik Buterin has proposed the concept of ​​an index that would come with world GDP and a weighted basket of world currencies.
  • The crypto neighborhood responded with widespread assist and extra strategies.

Reflexer Finance, the workforce behind RAI, the primary non-pegged secure asset backed solely by Ethereum (ETH), just lately solicited strategies from the neighborhood on desired modifications for the second model of RAI.

The analysis piqued the curiosity of Ethereum founder Vitalik Buterin, who supplied his views. Buterin instructed contemplating an index not tied to the US greenback to extend the soundness and neutrality of RAI V2. He outlined 4 key standards for a very good index: it must be simply measurable, not too simply manipulated, credibly impartial, and fairly secure.

Primarily, Buterin proposed diversifying away from…

The publish Reflexer Finance Crowdsources Concepts for RAI V2, Buterin Proposes Non-USD Backing appeared first on Coin Version.

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