Pangolin and Reflexer form a partnership to bring non-pegged stablecoins to Avalanche
Pangolin is excited to announce a partnership with Reflexer Finance. Reflexer Labs is a distributed team building open-source software and on-chain autonomous controllers for the decentralized finance ecosystem. The primary stablecoin of Reflexer is the RAI token. RAI is an ETH backed stablecoin with a managed float regime. The RAI/USD exchange rate is determined by supply and demand while the protocol that issues RAI tries to stabilize its price by constantly de or revaluing it.
RAI is available to be bridged to Avalanche through the Anyswap Bridge. Pangolin will support liquidity for the RAI token with an AVAX-RAI farm. This partnership will benefit both projects by driving users and volume into Pangolin, as well as providing access to the RAI token to a new demographic of users from Avalanche.
“We’re excited to join the Avalanche ecosystem with the help of Pangolin! With their help, the Avalanche community can access the money god’s power and liquidity while leaving behind unworthy fiat.” — Stefan, Reflexer Labs
About Reflexer Finance
Reflexer believes that DeFi needs its own native, stable unit of account that is independent from fiat. To achieve this mission, Reflexer built RAI, the first real stablecoin that is not pegged to any specific value. The Reflexer team is on a mission to spread the use of on-chain autonomous controllers so that DeFi can escape fiat monopoly.
About Pangolin Exchange
Pangolin Exchange is a top decentralized exchange (DEX) on the Avalanche Network that provides the best DEX experience through deep liquidity, easy swaps, advanced tooling, and smooth onboarding. Pangolin brings you the best trading opportunities to find and maximize your yield.