Overcollateralized borrowers deposit funds into Reflexer and receive RAI. The protocol can, subject to a governance vote, decide to distribute a portion of the interest back to borrowers (token incentives).

Reflexer is a non-custodial lending protocol for non-pegged stablecoins built on Ethereum. Reflexer was founded by Ameen Soleimani & Stefan Ionescu and launched in 2020.

FLX tokenholders own and govern the protocol. They currently collect the total interest paid by borrowers (revenue). Reflexer’s investors include Paradigm, Variant Fund, Pantera Capital, etc.

governance

github

twitter

discord

etherscan

website

Stablecoin issuers

Reflexer

1inch

Aave

Abracadabra.money

Across

Alchemix Finance

Algorand

Allbridge Core

Alongside

Homora

Angle

Ankr

ApeSwap

Aptos

Aragon

Arbitrum

Art Gobblers

Arweave

Aura Finance

Avalanche

Axie Infinity

Azuro

BadgerDAO

Balancer

Bancor

Barnbridge

BendDAO

BENQI

BetSwirl

BNB Chain

Bitcoin

BitDAO

Blur

Botto

Buffer Finance

Cardano

Catalog

Coinbase Wrapped Staked Ether

Centrifuge

Chainlink

Circle

Clipper

Compound

Conflux Core Space

Connext

Convex Finance

Cosmos Hub

CoW Protocol

Cryptex

Curve

Decentral Games

DeFi Saver

Deri Protocol

DeSo

dForce

DFX Finance

dHedge

DODO

Dogecoin

dYdX

Ellipsis Finance

MultiversX

Enzyme Finance

Equalizer Exchange

Ethereum

Ethereum Name Service

Ether.fi

Euler

Fantom

Filecoin

Flashbots

Flow

Foundation

Frax Ether

Futureswap

Gains Network

Gamma Strategies

Gearbox

Gitcoin

Gnosis Chain

Goldfinch

Hashflow

Hegic

Helium

Hop Protocol

IDEX

Idle Finance

Illuvium

Impossible Finance

Index Cooperative

Instadapp

Integral

Internet Computer

IPOR Protocol

Kapital DAO

Karura

Kleros

Kusama

Key metrics

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Competitive landscape

Financial statement

Data table

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Reflexer - Competitive landscape

Daily fully diluted market cap for Reflexer in the past 180 days.