FLX will serve two primary purposes:

1. Acting as a lender of last resort: Similar to other models like the Maker protocol, the RAI system will conduct surplus and debt auctions. In the event that the system is in a negative state, FLX will be autonomously minted and auctioned to address the situation.

2. Enabling ungovernance of the RAI system: Once most of the governance capabilities are eliminated from the system, the community will have the authority to determine how, when, and whether to securely minimize any remaining components of governance. FLX will facilitate this ungovernance process and empower the community to make decisions regarding the removal of discretion over the protocol.