Reflexer (reflexer)

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What it offers

• exitRai: Exit RAI from the system (withdraw RAI tokens)
• joinRai: Join RAI into the system (deposit RAI tokens)

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Notes

• RAI is non-pegged, floating around $3 - NOT a $1 stablecoin
• PID controller adjusts the redemption rate to dampen RAI price volatility
• Inspired by MakerDAO but with a non-pegged design philosophy
• SAFEs (similar to MakerDAO Vaults) hold ETH collateral backing RAI debt
• coinJoin converts between internal system debt units and external RAI ERC-20
• ethJoin converts between ETH and internal collateral accounting

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Its names in a program

function main() {
  // Ethereum's coinJoin, `0x0A5653CCa4DB1B6E265F47CAf6969e64f1CFdC45`.
  require(Reflexer.CoinJoin != 0);
}

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Deployments

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ABI

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CoinJoinABI

• join(address account, uint256 wad)
• exit(address account, uint256 wad)

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ETHJoinABI

• join(address account, uint256 wad)
• exit(address account, uint256 wad)

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SAFEEngineABI

• modifySAFECollateralization(bytes32 collateralType, address safe, address collateralSource, address debtDestination, int256 deltaCollateral, int256 deltaDebt)
• safes(bytes32 collateralType, address safe) view returns (uint256 lockedCollateral, uint256 generatedDebt)

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Next steps

• Protocols: the other protocols, by what they do.
• Protocols and tokens: calling a contract by its namespace, or through its ABI.
• Glossary: the words these pages use, in plain terms.