ChainCatcher news, stablecoin RAI team member reza.eth announced on Reflexer Discord that the Reflexer Foundation has repurchased 150,000 FLX from Paradigm, worth approximately $2.08 million, of which 50% has been burned and the other 50% has been redistributed to the DAO treasury.ChainCatcher previously reported that Paradigm-backed project Reflexer criticized Paradigm for shifting focus to AI and stated that it would distance itself from them.

ChainCatcher news, the DeFi protocol Reflexer tweeted that Paradigm's previous investment in FTX has dealt a heavy blow to the crypto ecosystem, and criticized its shift from focusing on Crypto to the AI field, hoping Paradigm will destroy all of its holdings of FLX (Reflexer governance token), and no longer wants to work for Paradigm.ChainCatcher previously reported that the crypto venture capital firm Paradigm removed the description on its official homepage about focusing on cryptocurrency investments, expanding its investment scope to the AI field.According to the crypto data platform RootData, Reflexer previously announced in August 2020 that it had completed a $1.68 million seed round of financing, led by Paradigm, with participation from Standard Crypto, Compound founder Robert Leshner, and a16z fund founder Jesse Walden. (source link)

ChainCatcher news, the development team of the stable asset RAI, Reflexer Finance announced the launch of the decentralized stablecoin RAI fork project HAI on Optimism, with an initial peg price of 1 USD. The collateral types for HAI include ETH, RAI, stETH/rETH and other LSDs, as well as assets on Optimism such as OP and UNI. The testnet launch is expected on June 9, and the mainnet launch is anticipated by the end of July. (source link)