INFINIT Unveils Rewards System and Ecosystem Protocols to Promote Decentralized Finance Engagement
Bangkong, Thailand, 16th October 2024, Chainwire
INFINIT announces the launch of the INFINIT Rewards System and INFINIT Ecosystem Protocols, fostering community involvement in building a decentralized finance (DeFi) abstraction layer. This innovative approach enables decentralized ownership within the INFINIT framework.
Understanding the INFINIT Rewards System
The INFINIT Rewards System introduces INFINIT Stones, points that reflect a user’s contribution to the INFINIT Ecosystem Protocols. They symbolize the user’s ownership stake in the INFINIT protocol.
- Users earn INFINIT Stones by engaging in various DeFi activities.
- These activities include borrowing, lending, and providing liquidity through leading DeFi projects.
- Each activity generates Stones at different rates, easily tracked via the rewards dashboard starting October 16th.
INFINIT Ecosystem Protocols in Action
The protocols established by INFINIT serve two key functions:
- Integrating established chains for improved protocol interoperability.
- Helping upcoming chains accelerate the growth of their DeFi ecosystems.
INFINIT simplifies the development, deployment, and scaling of decentralized applications (dApps). The protocol currently powers multiple dApps.
Expanding the Ecosystem
In the next phase, INFINIT will introduce an Early Access INIT Module.
- This module offers developers advanced functionalities like flash borrowing and multi-silo positions.
- These tools facilitate complex yield strategies and margin trading in dApps.
Upcoming plans also include integration with more protocols, promoting an ecosystem that drives innovation via new combinations of DeFi primitives, enhancing user functionality.
Active participation in the ecosystem allows users to accumulate INFINIT Stones, improving their rewards and stake within the INFINIT protocol.
About INFINIT
INFINIT is a DeFi abstraction layer that simplifies the complexities of launching and scaling DeFi protocols. It provides essential building blocks for various applications including money markets and yield protocols.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.