Reflexer Ungovernance Token company info

What does Reflexer Ungovernance Token do?
Reflexer’s ungovernance token (CRYPTO:FLX) is designed to transition the RAI protocol to a fully decentralized and ungoverned system. The FLX tokenomics revamp centers around two main changes: the removal of buyback and burn, and the addition of vested escrowed FLX (veFLX), a design inspired by Curve with the veCRV token. This new design encourages long-term alignment with the RAI protocol while also allowing newcomers to get a stake in RAI. The operations of FLX include parameter changes, contract updates, and the introduction of ungoverned contracts. The objective is to transition from fixed supply to long-term (terminal) and low inflation that goes to the FLX/ETH staking pool.
Reflexer Ungovernance Token company media