Reflected Currencies
reflected currencies are synthetic fiat tokens on the solana network fully backed by on-chain delta-neutral spot backed perp positions with native-yield.
Convert Liquid Staked Tokens into Yielding Dollars with rCurrencies!
Due to Reflect Protocol's entirely on-chain nature, the program can only mint synthetic FIAT currencies on securely rated decentralized exchanges. At this moment, only the United States Dollar is Reflected.
Reflected Currencies are artificial versions of real-world currencies that exist on the Solana Network. Each reflection is fully supported by an on-chain delta-neutral perpetual position, which is backed 1:1 with a liquid-stake token (LST) spot. This setup allows deposits to earn proof of stake yield and benefit from funding rate yields from on-chain DEXs with minimal risk.
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