Crypto moves so fast it’s impossible to keep up. Here’s a quick recap of what happened for RAI and Reflexer in August.
Development
- Quantstamp audited geb-lender-first-resort repository
- FLX/ETH LPs can now stake to provide lender-of-first-resort protection while earning FLX!
- Flashswaps added to the main RAI Liquidation bots
- RAI PID Research repo is now open-source
RAI
- RAI added to Coinbase, Coinbase Pro and Coinbase Custody!
- RAI added to WePiggy
- FLX incentives for Uni v3 RAI LPs rewards moved from concentrated liquidity around redemption price to concentration around market price.
- RAI began its cross-chain journey on Fantom
- RAI LPs encouraged to migrate from Uni v2 to Uni v3 RAI/DAI
- RAI minting parameter change: Liquidation Ratio 145% -> 140%
- RAI minting parameter change: Liquidation Penalty 12% -> 10%
Community
- Community-created extension(s) that replaces in-browser USD references to RAI :)
- Community call with Gabriel Shapiro
- Gitcoin bounty to adapt Curve v1 contracts to work with RAI
Integrations
- Aave RAI added to Barnbridge’s SMART Yield program allows users to lock in their aRAI interest
- RAI TVL in Aave broke $20M
- $IDLE added liquidity mining rewards for RAI
- $AAVE added liquidity mining rewards for RAI
- FeiProtocol Tribe community passed a proposal to swap $6M of FEI for RAI in their treasury using a RAI bonding curve
- Official proposal to add RAI as collateral for DAI!
- DXdao passed a proposal to diversify their treasury with RAI
- RAI now has a direct on-ramp from fiat thanks to Wyre!
🗿 Follow the Money God 🗿
Website: reflexer.finance
Twitter: @reflexerfinance
Discord: https://discord.gg/CfR74X22XE
