FLX has two primary roles. Firstly, it serves as a lender of last resort within the RAI system, resembling models like the Maker protocol. In situations where the system is in a deficit, debt auctions autonomously generate and sell new FLX tokens. This helps maintain the system's stability.
Secondly, FLX aims to decentralize the governance of the RAI system. By gradually eliminating most governance capabilities, the community gains the power to determine how, when, and if any remaining components should be governed securely. FLX facilitates this process of ungoverning the system, enabling the community to make decisions on removing their control over the protocol.
For those who want to download the Reflexer-Ungovernance-Token logo, we have
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