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AMA with Stefan Ionescu of Reflexer Labs

Bankless

Bankless

Tech News, Technology, News

4.71.2K Ratings

🗓️ 15 April 2021

⏱️ 59 minutes

🧾️ Download transcript

Summary

Stefan Ionescu is a Founder of Reflexer Labs, the team behind the RAI stablecoin (or is it fair to even call it a stablecoin? Tune in to find out!)

Like all our AMAs, the interview is live and incorporates questions from our Inner Circle Discord and live YouTube Chat. These are hosted the 2nd and 4th Wednesday each month, so mark your calendars, tune in, and ask questions!
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Resources:

Reflexer Labs:
https://reflexer.finance/ 

Stefan on Twitter:
https://twitter.com/stefan__ionescu?s=20 

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures 

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Bankless Nation. Welcome to this community. Ask me anything. We have the founder of

0:19.9

Rye from Reflexer Labs, created a really interesting stable point. We will get into the terms

0:27.9

and definitions in this community. Ask me anything. The first time around, we had some technical

0:32.2

difficulty with the live stream. So hope you're hanging in there. If not, this recording

0:36.9

will be available on YouTube. And of course, as always, on the podcast, get your questions

0:42.0

in on YouTube. We will put them in queue and try to fit them into the show. David, you

0:47.7

ready for this? Absolutely. This is a really cool project. And I think really in the spirit

0:53.4

of this week, because this is this is coin-based week. And this is the week that crypto breaks

0:59.2

into the NASDAQ. And we are slowly infiltrating the rest of the world, pulling them into

1:05.2

the world of crypto. And then once you're in the world of crypto, we have this brand new

1:08.9

project called Reflexer and Rye, which is a self-sovereign stablecoin, not a crypto

1:16.0

dollar, but a stable coin. And so we're really pioneering in all different directions.

1:20.6

And once you come into the fold, we have this system that allows you to be self-sovereign

1:24.6

without having to rely on the Fed and without having to rely on banks. And so I think this

1:29.9

is a, well, coin-based is making a big splash on the legacy markets. We have on the other

1:36.1

side of things, when you go into the rabbit hole, we have these tools that can allow you

1:40.9

to just completely remove yourself. So these bridges from the legacy world into completely

1:46.5

self-sovereign finance are getting really, really strong. And the end destination is also getting

1:51.3

really, really strong. And that end destination to me is something like this project that we're

1:54.9

going to talk about today, which is Reflexer and Rye. Yes. So we are doing this because these types

2:00.4

of algorithmic stablecoins are a big deal. But what's an even bigger deal is that this is a

2:06.4

self-sovereign completely bankless attempt at some sort of stability assets, stability mechanism

...

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