RAI is volatile for a stable coin.
https://stats.reflexer.finance/
You want to buy RAI when it is below the target price.
Current Rai redemption price is $3.0278 (target price) and $3.0585.
Aave deposit interest was 20% a long time ago and then sat at 2% for a while. Then last week it was 20% again and now down to 8%.
RAI is safe and that interest is nice long term!
RAI in Aave long term looks good.
The interest rate spikes when the price spikes.
It is safe because it's over collateralize with ETH
FLX not great unless RAI adoption grows
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Timestamps:
0:00 Intro
0:52 What I like about RAI
4:48 My concerns with RAI
6:38 RAI liquidity provider
8:30 Another risk
9:05 Outro