Welcome to CoinDropster
Enter a new password
Choose a new password
Enter a new password for your account.
All active sessions will be signed out.
By clicking “Sign in”, you confirm that you have read and agree to the CoinDropster Terms of Use, Privacy Policy and Disclaimer
Reflect Airdrop: tasks and status
About the project
Reflect Protocol is a decentralized finance (DeFi) platform on the Solana blockchain that enables users to create and redeem digital representations of international currencies, known as Reflected Digital Currencies (RDCs). By depositing liquid staking tokens (LSTs) as collateral, users can mint RDCs like US Dollar Reflected (USDR) at a 1:1 value, facilitating a delta-neutral position that mitigates exposure to cryptocurrency price volatility. The protocol generates yield through a combination of native staking rewards from the Solana network and funding rate income from perpetual futures markets. To safeguard user deposits, Reflect employs an insurance fund comprising both cash reserves and validated restaked assets, ensuring a minimum insurance ratio relative to assets under management. Additionally, Reflect operates its own validator node on Solana, contributing to network security and earning staking rewards that are distributed to participants. The protocol emphasizes transparency and decentralization, providing open-source tools and documentation for developers to integrate its services into various decentralized applications.
Funding
$3.75M raised · 5 investors
-
a16z CSX
-
Solana Ventures
-
Big Brain Holdings
-
Equilibrium.co
-
Colosseum
Step-by-step checklist
These tasks are available in the CoinDropster dashboard: exact links, progress tracking and deadlines — open the app to see the checklist.