Reflexer Ungovernance
FLX will have two distinct core functions: - Lender of last resort: similar to other models, such as the Maker protocol,RAI the system will conduct surplus auctions and debt auctions. If the system is insolvent, debt auctions will autonomously mint and auction new FLX. - Enable RAI the system to eliminate governance: once the vast majority of governance capabilities in the system have been completely removed, the community will be able to decide how, when, and whether it is safe to minimize the governance of any remaining components.FLX will drive further elimination of governance and allow the community to decide how to relinquish its own discretion over the protocol.
Overview
FLX will have two distinct core functions: - Lender of last resort: similar to other models, such as the Maker protocol,RAI the system will conduct surplus auctions and debt auctions. If the system is insolvent, debt auctions will autonomously mint and auction new FLX. - Enable RAI the system to eliminate governance: once the vast majority of governance capabilities in the system have been completely removed, the community will be able to decide how, when, and whether it is safe to minimize the governance of any remaining components.FLX will drive further elimination of governance and allow the community to decide how to relinquish its own discretion over the protocol.
- Sector
- # Stablecoins
- Ecosystem
- Ethereum
Team
Team information has not been disclosed.
Funding history
0 disclosed roundsNo disclosed funding records.
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