Infinite Rewards Staking

Brad Keyes

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Published in

Reflect Foundation

4 min readFeb 24, 2021

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Welcome to the staking pool that never runs out of rewards.

And no, it’s not diluting the supply.

The Infinity Pool is the first of many projects to utilise the Unique and Undeniable Utility of the Reflect Ecosystem.

Here are the key attributes of this pool.

Single sided staking, no impermanent loss.
Rewards to be claimed are compounding block-by-block…that’s fast 🏃
Reward supply is infinite and non-dilutive.

This pool follows the ethos of the Reflect Ecosystem — Simple, Safe, Sustainable.

Simple : No adding liquidity, just click a few buttons to send your ELE or RFI to the staking contract.

Safe : Audited. No risk of Impermanent Loss. 100% Decentralised.

Sustainable : Cannot dilute the supply, while never ceasing to reward those who stake.

This is the Infinity Pool. It’s not impossible, it’s genius.

The token responsible for this revolutionary pool is the ELE token.

Get to know ELE. Get to know Infinity. ♾️

ELE has unique Inflation and Deflation mechanics which seamlessly deliver sustainable yield to all ELE holders under any level of volume.

I’d like to break ELE’s mechanics into two ‘moments’.

A Block moment 🟥, and a TX (transaction) moment 💱.

The Block Moment 🟥

Every Ethereum block ELE pays its holders.

This payment is based on inflation, with 5 million ELE per year paid out forever.

If you’ve been in DeFi long enough you know to be wary when you see the word inflation, but fret not, something novel about this inflation is that it goes directly to the holders.

In fact, unless you are providing liquidity in the ETH/ELE pair, you’re actually earning more than your share. Since the ETH/ELE pool is blocked from receiving inflation (and fee share) income, the % of total supply you hold is actually *increasing* every single block moment.

With this inflation mechanic, you don’t lose out. You gain.

The TX Moment 💱

Each ELE transaction has a 1% fee.

.5% is instantly split between ELE holders and .5% is burned 🔥.

When transfer volume grows, the yield grows, and so does the burn.

With enough volume, the burn will become greater than the inflation.

It’s a beautiful thing. 💮

The Infinity Pool

What is the Infinity Pool?

The Infinity Pool is another DeFi First brought to us by Morpheus.

It’s a single token farming platform that generates yield forever without diluting holders or supply.

Stake ELE or RFI in the Infinity Pool and earn an accelerated return.

Based on your staking contribution, you will receive a proportional share of the overflow yield that the Infinity Pool attracts.

[Link to the website when available]

How does the Infinity Pool work?

The rain (**Passive Yield/Inflation**) fills up the **Infinity Pool** and the overflow is the **Staking Rewards**. I think this gets the point across…🤔 Oh yeh, and the rain never stops.

Here’s the short answer.

There will be lots of ELE in a pool, the ELE in that pool attracts yield and the yield will be the rewards for those who staked.

The pool will NEVER run dry because the principle will be permanently locked, the Infinity Pool will generate yield FOREVER.

But, If you want to understand it a bit more…

When ELE launched, around 6M ELE (OF 10M total) was reserved for VIP NFT holders, a community treasury, and staking rewards.

The Infinity Pool contract will receive the majority of those tokens, and will split them into two pools:

One for ELE stakers and one for RFI stakers.

Since ELE is fundamental to the Infinity Pool, it’s best for the ELE pool to be favoured in terms of APY. This will give ELE more value, therefore the Infinity Pool will become more valuable too as ELE’s supply gets locked up and the price appreciates.

What are the rewards like?

Reward
The pool will only reward the ELE token.

APY
APY will be variable as it’s based in part on the volume-based fee share.

But there will be a floor value because it’s also based on the regular, non-dilutive inflation mechanism of ELE.

Another way to look at it is, there is basically a multi-million ELE holder (the Infinity Pool) that wants to give ALL the yield to those who are staking.

I believe it will be quite generous!

Reward Multipliers
There will be reward multipliers!

Once you have staked long enough and hit the max multiplier you can keep staking forever and never lose that multiplier.

Rewards Still Attract Yield
Another sweat deal is that your rewards are attracting yield AND compounding while it waits for you to claim them.

To close, these pools are unlike any other. The benefits of this addition to the Reflect Ecosystem are yet to be seen, but as Kashaf points out ⬇️

P.s. Kash didn’t know about ELE at this time.

Happy Staking!