Reflexer
Reflexer Finance is a decentralized finance (DeFi) protocol that issues RAI, a unique non-pegged stablecoin collateralized by ETH, designed to provide crypto-native stability and capital efficiency without a fixed fiat peg, managed by an on-chain autonomous controller with a long-term goal of ungovernance.
Industry
Finance & Insurance
Market Categories
Stablecoin Issuers
Business function (Horizontal)
Finance
Headquarters Location
Grand Cayman, Cayman Islands
Product Name
Reflexer
Parent Company
Reflexer
Founder
Stefan Ionescu
Web2vsWeb3
Web3
Access Model
Target Users
Competitors
Non-Pegged Stablecoins: Dai (DAI), Liquity (LUSD). <br> LSD-Backed Stablecoins: Lybra Finance (eUSD, peUSD), Pendle ($PENDLE), Gravita Protocol ($GRAI). <br> General Stablecoins (Fiat-backed): Tether (USDT), USD Coin (USDC), PayPal USD (PYUSD), TrueUSD (TUSD), Binance USD (BUSD).
Business Function (stablecoins)
Issuance & Redemption, Reserve Management, Liquidity Provision, Yield Management, Payment Rail
Feature completness
Product differentiation
Non-pegged stablecoin (RAI) with a floating value and autonomous monetary policy; Focus on crypto-native stability without fiat peg; Goal of "ungovernance" for full automation; Censorship resistance.
Privacy & Data protection certificate
Years in business
5.49
Employees
Horizontal Applications
Lending & Borrowing, Decentralized Finance (DeFi) Applications, Liquidity, Settlements
Tech stack modernity
Ethereum blockchain, Smart contracts, On-chain autonomous controller, Price Oracles, Multi-chain deployment (Ethereum, Avalanche C-Chain, Optimism, Polygon), GraphQL APIs.
Product Roadmap
Long-term goal of "ungovernance" (algorithmic control); Ongoing development of core modules, auction modules, oracle modules, automation modules; Multi-chain RAI and integrations; Potential for SAFE insurance.
Product Roadmap
Long-term goal of "ungovernance" (algorithmic control); Ongoing development of core modules, auction modules, oracle modules, automation modules; Multi-chain RAI and integrations; Potential for SAFE insurance.
API Quality
Production-Ready
Documentation Link
Enterprise readiness
High technical innovation for DeFi; Crypto-native stability and capital efficiency. Lacks transparent team/legal entity, formal enterprise compliance certifications, and dedicated enterprise support (SLAs, account management). Best for specialized DeFi exploration.
Security & Compliance Readiness
Over-collateralization (min. 145% ETH); Automated liquidation; Oracle Security Module; Implied security audits for governance minimization infrastructure. No explicit SOC2, GDPR, HIPAA certifications.
Documentation quality assessment
Comprehensive "GEB Docs" covering protocol modules, API reference, security, and getting started guides.
Support Methods
Community-driven support via Twitter, Medium, Forum. No explicit details on average response times or dedicated account management for enterprise clients.
Critical capabilities
Ethereum blockchain-based, Smart contracts, Non-pegged stable asset (RAI) via "reflex index," On-chain autonomous controller, ETH collateral, Price Oracles (Chainlink, Uniswap V2), SAFE Engine, Liquidation Engine, Auction Modules, Automation Modules, Governance Module (DSPause).
Support & Account Management
Community-driven support via Twitter, Medium, Forum. No explicit details on average response times or dedicated account management for enterprise clients.
51 Score™
439.58
Product & Service
50.0
Stability & Maturity
43.3
Technology & Innovation
50.0
Enterprise Readiness
32.5
Categorization
Founder
Stefan Ionescu
Parent Company
Reflexer
Market category
Stablecoin Issuers
Target Users
Top competitors
Non-Pegged Stablecoins: Dai (DAI), Liquity (LUSD). <br> LSD-Backed Stablecoins: Lybra Finance (eUSD, peUSD), Pendle ($PENDLE), Gravita Protocol ($GRAI). <br> General Stablecoins (Fiat-backed): Tether (USDT), USD Coin (USDC), PayPal USD (PYUSD), TrueUSD (TUSD), Binance USD (BUSD).
