Reflexer Ungovernance Token
FLXID: 9493Rank #2588Updated 7/17/2026, 5:48:00 PM
24h Low
$1.10
24h High
$1.15
Market Cap
$222.19K
24h Volume
N/A
Fully Diluted Valuation
$1.15M
Market Dominance
N/A
7d Volume
N/A
Volume / Market Cap
N/A
FLX Price Chart
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Technical Analysis
Price Performance
1h
0.00%
24h
0.00%
7d
+1.52%
30d
+15.31%
60d
-33.93%
90d
-51.65%
1y
-59.08%
YTD
-38.37%
All-Time High
$2,694.40
All-Time Low
$0.71832163
Supply
FLX Converter
USD value
$1.15
About Reflexer Ungovernance Token
FLX will have two different core functions:
-
Lender of last resort: similar to other models such as the Maker protocol, the RAI system will have surplus and debt auctions. Debt auctions will autonomously mint and auction new FLX in case the system is underwater.
-
Ungoverning the RAI system: once the vast majority of governance capabilities are completely removed from the system, the community will be able to decide on how, when and if to securely governance minimize any remaining components. FLX will facilitate further ungovernance and allow the community to take decisions on how to remove themselves from discretion over the protocol.