INFINIT launches full-stack ecosystem and reward program to promote DeFi composable innovation

Original source: Infinit

On October 16, 2024, at 8:00 a.m. Eastern Time, INFINIT announced the launch of its rewards program and ecological protocol. The INFINIT rewards system and ecological protocol provide community members with the opportunity to participate in the construction of the DeFi abstraction layer and promote the decentralized ownership of the INFINIT protocol.

The INFINIT rewards system introduces "INFINIT Stones", which are not only points reflecting the user's contribution to the INFINIT ecological protocol, but also a symbol of the user's ownership in the INFINIT protocol.

Users can earn INFINIT Stones by participating in DeFi activities within the INFINIT ecosystem. These activities cover multiple protocols, collectively referred to as the INFINIT Ecological Protocol, and include borrowing, lending, and providing liquidity (holding LP tokens) through leading DeFi projects such as Pendle, Avalon, Silo Finance, and INIT Capital. The Stones earning rate for each activity is different, and users can view their earnings in real time through the rewards dashboard on the INFINIT website starting October 16.

INFINIT Ecological Protocol

Mature blockchains are committed to promoting interoperability between existing protocols, blockchains in the development stage hope to accelerate the expansion of the DeFi ecosystem, and emerging blockchains are looking to launch more DeFi basic protocols. By integrating the INFINIT protocol, all types of blockchains can simplify the process of development and expansion.

INFINIT aims to simplify the construction, deployment, and expansion of dApps while improving their security. The protocol currently supports multiple dApps, such as INIT Capital, Ethena, Etherfi and Renzo, and plans to integrate more dApps in the future, including Pendle, Solv, Lombard, Symbiotic, Silo Finance and Avalon.

These 10 dApps together form the INFINIT ecosystem, covering a variety of DeFi basic functions, including yield trading, BTCFi, re-staking, liquidity re-staking, money market and stablecoins. Each protocol will integrate the INFINIT framework in its own way to bring more advantages to users.

In the next phase, INFINIT will launch the INIT module. This module will provide developers with advanced features such as flash lending and multi-position management tools, helping users build complex yield strategies such as one-click looping and margin trading within dApps. In addition, INFINIT also plans to launch the Pendle module, which allows developers to use Pendle's smart contracts to implement yield trading functions on the integrated chain.

INFINIT will announce more protocols and cooperation directions in the future. By bringing together and integrating diverse protocols, INFINIT is building a more convenient DeFi application development ecosystem. This not only promotes industry innovation, but also inspires a new DeFi basic composability, further enhancing the available functions for users.

In this ecosystem, the more frequently users interact with the protocol, the more Stones they accumulate, which are points in the reward system. This accumulation not only improves users' reward feedback, but also increases their rights and interests in the INFINIT protocol. The program aims to reward active participants and encourage users to deeply explore and utilize various DeFi services within the ecosystem.

About INFINIT

INFINIT is a DeFi abstraction layer designed to simplify the development and expansion of dApps. It provides basic building blocks for various applications such as money markets, DEX, PerpDEX, and yield protocols, thereby eliminating the complexity of developing and expanding DeFi protocols.

For more information about INFINIT, please visit official website, X and Medium.

This article comes from a contribution and does not represent the views of BlockBeats