Flex Ungovernance Token (FLX)
0x6243d8cea23066d098a15582d81a598b4e8391f4
About Flex 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.
- 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.
In case of missing or misleading information pleaseID: 206439
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TXN -
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Volume $0.0
All Time HighSep 3, 2023, 10:48 PM
$13.781-89.55 %
All Time High LPSep 3, 2023, 10:45 PM
$42,594 -95.23 %
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Launched on Mar 8, 2022
In case of missing or misleading information please