🔥🔥🔥DeFi News / 11th October – 17th October

Farm +120% APR with Reflexer’s Rai/Dai Uniswap V3 pool!

Is Rai the one true stablecoin? The token’s creators, the Reflexer team, passionately argue so. 

That’s because Rai isn’t pegged to an external currency like the USD, which can inflate and deflate. Instead the Rai is stable unto itself, relying on just ETH collateral and on its own internal algorithm to maintain price stability instead of an external price peg. 

So Rai is very decentralized and very stable. For Reflexer, the name of the game now is evolving the Rai into a bona fide world currency, and to do that they’ve got to ensure the token gets into as many peoples’ hands as possible. 

Accordingly, Reflexer’s currently incentivizing the Uniswap V3 RAI/DAI liquidity pool with FLX, the project’s “ungovernance token,” to get more people to use Rai early on. 

Note, this opportunity is comparatively riskier than most of our previous conservative farms because you have to mint Rai and then LP with it on Uniswap V3 to qualify for the +120% APR in FLX rewards right now. This minting puts you at risk of liquidation if the market goes south! With that warning in mind, here’s a full guide on joining this pool. 

Reflexer’s smart contracts have been audited, but you can never be too safe in DeFi. Make sure you do your own research, and only farm with money you can afford to lose.