On the Reflexer project's official Discord server, Vitalik Buterin, Ethereum's co-founder, recently expressed his support for their Ethereum-backed RAI stablecoin. Reflexer is the entity behind the FLX token.
Buterin is of the view that the Reflexer initiative has the potential to benefit Liquid Staking Protocols, thereby reducing Lido's market dominance. Yet, for this vision to become reality, more effective governance is essential.
Interestingly enough, Buterin had previously made gains by shorting the very same stablecoin.
Interestingly enough, Buterin had previously made gains by shorting the very same stablecoin.
