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flx Reflexer Ungovernance #1080
11.18 USD 4.09% +0.44
10.43 11.38
Circulating supply 645.3K
Total supply 1M
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flx Price

Current Price 11.18 USD
Price Change 24H 0.44 USD
Price Change 24H 4.09%
Price Change 7D 3.09%
Price Change 14D -7.06%
Price Change 30D 5.11%
Price Change 60D -13.50%
Price Change 1Y -93.43%
Market Cap Change 24H 291.3K
Market Cap Change 24H 4.21%
All time high (ATH) 1,839.79 USD
ATH Change -99.38%
ATH Date 2021, Apr 15

flx Markets

Uniswap (v2)
Last price: 10.91 USD
Last price: 0.01 0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2
Spread: 0.60%
24H Volume:
16.9K USD
MEXC Global
Last price: 11.26 USD
Last price: 11.26 USDT
Spread: 1.59%
24H Volume:
51.8K USD
Last price: 11.46 USD
Last price: 11.46 USDT
Spread: 1.68%
24H Volume:
13.9K USD
Last price: 11.21 USD
Last price: 0.01 ETH
Spread: 1.50%
24H Volume:
20.7K USD
Uniswap (v3)
Last price: 10.37 USD
Last price: 0.01 0XC02AAA39B223FE8D0A0E5C4F27EAD9083C756CC2
Spread: 0.64%
24H Volume:
15.6 USD

* Anomaly - Trading price is an outlier against the average

** Inactive - No trades in the last 3 hours

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.