Reflexer Finance Crowdsources Ideas for RAI V2, Buterin Suggests Non-USD Backing

• Ethereum’s founder suggests exploring non-USD-connected indices for RAI V2 to enhance stability and neutrality.
• Vitalik Buterin proposes index ideas, including World GDP and a weighted basket of world currencies.
• The crypto community responds with widespread approval and additional suggestions.

Reflexer Finance, the team behind RAI, the first non-pegged stable asset backed solely by Ethereum (ETH), recently solicited suggestions from the community on desired changes for a second version of RAI.

The inquiry piqued the interest of Ethereum’s founder, Vitalik Buterin, who offered his insights. Buterin suggested exploring non-USD-connected indices to enhance RAI V2’s stability and neutrality. He outlined four key criteria for a good index: easily measurable, not too manipulable, credibly neutral, and reasonably stable.

Explore non-USD-connected indices.

A good index should be (i) easily measurable, (ii) not too manipulable, (iii) credibly neutral, (iv) reasonably stable.

Random ideas:

* World GDP
* Weighted basket of world currencies
* DAO manages a CPI-like basket

— vitalik.eth (@VitalikButerin) July 26, 2024

Essentially, Buterin proposed diversifying away fro…

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