Sextuple Yield. One Staking Contract. The Next Generation of Yield Farming

Published in

Reflect Foundation

3 min readJan 30, 2021

Enreach farms are not live yet. To farm your RFI or ELE LP on Enreach, you will need NRCH tokens join their Telegram to keep updated on the NRCH presale.

What if we told you, that not only would you be getting SIX streams of yield while farming, but you could BORROW the nUSD stablecoin against what you staked.

Yes, this is possible with the trinity of Reflect (RFI), Elevate (ELE) and Enreach (NRCH).

Let us show you!

Add Liquidity and get your LP’s

To get the whole six streams, you will need to add liquidity to the RFI/ELE Uniswap pool.

Learn how to add liquidity on Uniswap here. ←Article incoming, but here’s a video for now.

When you do this, you will receive LP tokens.

LP’s are what you will stake and farm with.

This is what a transaction will look like when you add liquidity. **Note the LP tokens you receive 🔼.**

Farm with RFI/ELE LP on the Enreach platform.

Enreach is the platform of choice in this article, but Morpheus (Developer of RFI and ELE) has a similar farming scenario coming as well.

Learn more about Enreach and Kashaf (co-founder).

Here’s the six streams of yield while farming RFI/ELE LP on Enreach.

Fee share on RFI. Passively increases in your LP allocation, unique to RFI and ELE.
Fee share on ELE. Passively increases in your LP allocation, unique to RFI and ELE.
Inflation on ELE. Passively increases in your LP allocation, unique to ELE.
Uniswap fees. Passively increases in your LP allocation.
NRCH farming tokens. Farming Rewards.
ELE farming tokens. Farming Rewards.

Since RFI and ELE both keep passively adding yield to your LP allocation while Uniswap pays a fee to you the liquidity provider, you are making quadruple yield just from that.

Then, once the Enreach LP farming is open you will be able to stake RFI/ELE plus other LP (RFI/ETH, ELE/ETH, NRCH/RFI & NRCH/ETH) to receive ELE and NRCH as farming rewards.

That makes Sextuple Yield!

*RFI/ELE is the only pair that receives triple yield in one pair.

Now if you are not familiar with how RFI or ELE’s seamless/frictionless/passive yield generation works then please read up or ask questions on RFI & ELE’s Telegram.

Learn more about RFI

Introducing Reflect(RFI)

RFI is an innovative Ethereum token that re-imagines the concept of DeFI yield generation.

reflectfinance.medium.com

Learn more about ELE

Elevate DeFi - Medium

Elevate introduces a new transactionless inflation mechanism that combines with fee distribution and aggressive token…

elevatedefi.medium.com

Borrow against your staked LP

YES, while staking your LP on Enreach you can borrow against it and receive nUSD.

This gives you the ability to make your LP work for you — even more than it already was.

You can take that nUSD to Bitmart and do what you please, invest in more RFI, ELE, NRCH or even take it out to fiat and buy that Lambo you keep talking about.

Thanks for reading and join our communities!

Peace 💜✌️