🌑Introduction to Infinity
What is Infinity?
Infinity is an innovative decentralized reserve currency protocol based on the IND token on the BNB chain. Each IND token is backed by a basket of assets (e.g. USDT) in the treasury, giving it an intrinsic value that it cannot fall below. We are a community-driven DAO that introduces unique economic and game-theoretic dynamics into the market through staking and bonding. These two mechanisms are crucial for creating a sustainable reserve currency while optimising short and long term wealth creation for the holders.
How Infinity makes a difference in the DeFi world?
Infinity has carried out ODS reform and innovation on the basis of OHM. The ODS model is a new four-in-one technology application, which consists of Olympus, Diamond Chain, Supermarket and Sell Fee.
The characteristics and benefits of ODS model are:
Liquidity is controlled by the protocol itself.
Get IND token without impermanent loss.
Staking becomes the choice to maximise income in the game.
Distribute dividends and rewards from the DAO autonomy to every IND token holder.
Break the capital rotation of the conventional OHM, use the treasury for other investment purposes and share the profits with the users.
Reward holders and punish sellers by imposing selling fees and reward them to the holders.
Based on the model mentioned above, the income of IND token holders is diversified for wealth creation.What is the point of Infinity DAO?
What is the point of Infinity?
Our goal is to build a policy-controlled currency system, in which the behaviour of the IND token is controlled at a high level by the DAO. In the long term, we believe this system can be used to optimise for stability and consistency, so that IND can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimise the system for growth and wealth creation.
How do I participate in Infinity?
There are two main strategies for market participants: staking and bonding. Stakers stake their IND tokens in return for more IND tokens, while bonders provide LP tokens in exchange for discounted IND tokens after a fixed vesting period.
Governance participants can get involved on our dApp (Coming soon) and through discussions on our community discord. We are always looking for new community members to contribute!
How can I benefit from Infinity?
The main benefit for stakers comes from supply growth. The protocol mints new IND tokens from the treasury, the majority of which are distributed to the stakers. Thus, the gain for stakers will come from their auto-compounding balances, though IND exposure remains an important consideration. That is, if the increase in token balance outpaces the potential drop in IND (due to inflation), stakers would make a profit. The main benefit for bonders comes from IND consistency. Bonders commit a capital upfront and are promised a fixed return at a set point in time; that return is in IND and thus the bonder's profit would depend on IND price when the bond matures. Bonders benefit from a rising or static IND price. Selling will also affect the price of IND, thereby affecting Bond's income.
Who created Infinity?
Infinity was ideated and built by a distributed pseudo-anonymous team, and is contributed by the community.
Who runs Infinity?
No one. Infinity is DAO-governed. All decisions are formed by community members on the forum and made by token holders through voting on the dApp.
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