Project Details
What are you building?:We’re building HAI, a multi-collateral floating-peg stablecoin native to Optimism.
TLDR:
We have formed a team consisting of original Reflexer team members and Reflexer DAO contributors to ship Let’s Get HAI, a multi-collateral RAI fork on Optimism
HAI is an over-collateralized CDP-minted stablecoin
HAI uses a PID controller to induce stability (like RAI)
HAI will likely have a diverse collateral base including LSDs and other DeFi-native tokens
HAI is launching on Optimism, so expect everything to be faster and cheaper
ReflexerDAO has been providing technical guidance and operational support
We brought on Wonderland to lead the development effort. HAI is an Optimism native stablecoin that will only be backed by sufficiently decentralized collateral (no more bank-backed stablecoins). HAI is a fork of Reflexer Finance/RAI and is designed to be resilient and censorship-resistant money