Reflector is a decentralized oracle protocol for Stellar that provides reliable price feeds for smart contracts and DeFi applications. The protocol is governed by the Reflector DAO using the xRF utility token, which enables governance, rewards cluster operators, and provides access to advanced price feed subscriptions.
Reflector is a decentralized oracle protocol designed specifically for the Stellar Network, delivering accurate and timely price data essential for DeFi applications. The xRF token serves as the governance and utility token of the Reflector DAO, enabling members to propose and vote on protocol changes with equal voting power. xRF holders can participate in governance, receive rewards for operating cluster nodes, and subscribe to advanced price feed services with customizable thresholds for market movements. The protocol has issued 150 million xRF tokens with distribution across the DAO fund (85.42%), protocol developers (10.5%), cluster operators (3.33%), and early adopters (0.75%). The Reflector DAO operates on principles of transparency and decentralization, managing cluster configuration, membership, and resource allocation through simple majority voting.
