Building a Foundation of Volume for RFI

5 min readFeb 1, 2021

RFI is a global yield generating protocol that benefits holders by redistributing a 1% transaction fee to all wallets in proportion to their holdings.

If you have been following this project, then you already know that deal, and if you are a holder then you know that every day you wake up with more tokens in your wallet and if volume was especially high over night than you could see an even bigger increase.

As a knowledgeable investor in RFI, you know that this passive income is proportional to the volume on the network benefiting those that HODL, but how can it be sustained or even grown? If you had this thought or ever wondered why people would use RFI for transactions since they have to pay a higher fee than other tokens (e.g., XRP, TRX, DGB) then you aren’t alone.

One of our key performance indicators is average volume. We are constantly looking for ways to increase our volume and create a higher SUSTAINED volume as well. Below we describe 4 different areas we are building to create sustained volume on the RFI network benefiting HODLers, traders, and investors alike.

1. Partnerships

Partnerships are defined as specific opportunities to engage with the RFI ecosystem enacted by the Reflect Foundation for the mutual benefit of RFI holders and the partnering organization. The roadmap from the first Weekly Reflection shows the variety of partnerships the foundation either has achieved or is in the process of finalizing.

Enreach (NRCH)

Website | Telegram | Twitter

Enreach is a standout being a decentralized venture capital fund integrated with regulated fintech organizations with the goal of building a bridge between $700B+ annual volume from Tier1 telecom companies and DeFi.

To do this, Enreach is creating their own ERC-20 stablecoins nUSD, nEURO, and nGBP (backed by real world and crypto assets including RFI) to act as a settlement layer between DeFi and FIAT and open up the possibilities for yield that DeFi provides.

Read their Launch Deck.

We have plans to pair these stablecoins with RFI and route trading through RFI in order to allow for hedging fiat currency between USD/EURO/GBP. This infrastructure will be governed by the NRCH token, which is on track to launch soon and will provide decentralized governance to benefit NRCH holders and the Enreach ecosystem.

Telecom & DeFi; Interoperable Liquidity — Enreach

Enreach is founded by Abdelkader Allam and Kashaf Bashir who are co-founders of Opt1mize Technologies, and Irish FCA…

medium.com

Elevate (ELE)

Website | Telegram| Twitter

Elevate was a recently released and highly anticipated project from the same dev that created FLOW and RFI (@Morpheus).

Similar to RFI, Elevate had a fair launch.

Elevate serves a critical purpose with its RFI/ELE liquidity pool — it generates increased & sustainable volume for RFI through its mechanisms & arbitrage opportunities.

Introducing Elevate (ELE)

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

elevatedefi.medium.com

Yield (YLD)

Website | Telegram | Twitter

Yield (YLD) is another highly anticipated project facilitating P2P customizable loans.

Over the past 30 days, RFI holders have had the opportunity to pair their RFI with YLD and farm YLD tokens for HUGE APYs (in addition to the 1% fee).

The next exciting announcement is the mainnet launch which will enable RFI holders to provide their RFI as collateral for borrowing, a strategy RFI holders are uniquely poised to capitalize on with the automatic yield received from on-chain transactions.

2. Project Integrations

An integration is when projects choose to pair their token with RFI in Uniswap or another decentralized exchange (DEX).

Why might they do this?

Projects are choosing to pair their token with RFI instead of ETH because it’s higher growth and yield generating. When they do this, it creates volume for their token due to the fee distribution to RFI wallets and LPs causing increased buying pressure for their project as the LP token automatically balances itself.

ETH →TOKEN trades are also routed through the RFI-Token pair causing a virtuous cycle of redistribution of fees and growth of the pair. Lastly, a Token-ETH and Token-RFI pair presents opportunity for arbitrage transactions and increased RFI volume further stimulating the aforementioned virtuous cycle.

3. Retail Speculation

Retail holders create volume based on trading, speculation, new buyers who want the yield, holders selling who want capital back, etc. More holders = more volume…even when there is a yield incentive for holding.

Trading competitions and other one offs can stimulate volume while we continue growing our ecosystem.

4. Utility

This is where the sustained volume comes in. All of the initiatives previously mentioned as well as many others are creating increased utility for RFI, which drives both demand & volume.

Currently, utility is in the form of staking pools, liquidity mining pools, & being a spendable platform currency.

More options on how to earn double-yield are including, an RFI casino, NFT marketplace, farming as a service (FAAS) pools, and more options for using RFI as collateral for loans.

Farming between the RFI and ELE will be released in the coming weeks with Sextuple-yield!