CRIPTO
Reflexer Ungovernance

Reflexer UngovernanceFLX

Rank #2669Crypto
₹146.54
3.3%(24h)

Price Action (24h)

ROI Performance

N/A
Forks
N/A
Stars
N/A
Issues
N/A
Contributors

Market Data

Market Cap₹121,209,562.00
24h Volume₹928.77

Community Sentiment

No sentiment data available

Supply Saturation

Circulating Supply

827,118.086 FLX

Max Supply

957,122.296

86.4% Mined

All Time High

₹137,486.00

-99.89%

4/15/2021

All Time Low

₹71.82

+104.04%

6/5/2026

About Reflexer Ungovernance

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.