Long Recommendation: V God is particularly fond of the $RAI stablecoin

Author: CM, Source: Author Twitter @cmdefi

In short, the $RAI stablecoin has two characteristics:

• Not USD pegged
• Minimize governance

The core mechanism is to weaken the volatility of $ETH.

Why does V look so special?

What is “secret and great” governance minimization?

The core mechanism of Reflexer is to weaken the volatility of ETH to achieve price stability, so it will not be associated with the US dollar or the currency of any country. You can also understand that it is a stable currency issued by the country Ethereum. Therefore, it is also another form of existence of ETH. This is probably one of the reasons why V God has a soft spot for it.

As for how the protocol level is implemented, we will not discuss it here for the time being. I will write an article later.

Another feature of $RAI is minimal governance, which is different from most protocols currently on the market.

Governance minimization is an idealistic end point of protocol governance.

1. Most protocols on the market currently focus on the balance between decentralization, efficiency, and effectiveness of governance.

2. Governance minimization is to minimize the interference of the agreement by DAO. The principle is to avoid governance as much as possible. Problems that can be solved at the protocol level should be solved with code as much as possible.

Of course, the project will definitely need governance in the early stages, but the purpose of all governance is to enable the protocol to develop in the direction of automated operation and reduce human governance. This is why ungovernance tokens exist.

Therefore, if the positioning of the protocol remains unchanged and the protocol develops according to the script, if the governance minimization protocol is finally successful, the protocol itself will be separated from the ungovernance token, and its value will also lose its binding.

Is there a secret and great flavor?