Reflex indexes for more stable collateral assets in DeFi

Quick Take

  • Reflex indexes are meant to be a more stable representation of a collateral asset (e.g. ETH) without losing its trust-minimized properties
  • Reflexer Labs raised $1.7 million in August led by Paradigm, with participation from Robert Leshner, Standard Crypto, and Variant Fund
  • In October, Reflexer launched the initial and unaudited version of their protocol — this is now being shut down with a full mainnet launch expected in Q1 2021
Despite the success of stablecoins, with a total supply of $32.8 billion today — up from $5.8 billion a year ago — the market is still searching for trust-minimized and scalable solutions. To date, DAI, the most successful “decentralized” stablecoin, has a total supply of $1.3 billion while USDT is at $24.3 billion, and USDC […]

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