Reflect

Overview

Reflect Finance (RFL) is a DeFi protocol launched in 2020 that implements a static reward system through a mechanism called reflection. The protocol automatically distributes a percentage of each transaction among all token holders proportionally to their holdings.

Intended Purpose & Current Usage

The primary stated purpose of RFL is to create a deflationary token that rewards holders through automatic yield generation without requiring staking or farming. The token achieves this through a tax on transactions that gets distributed to all holders.

Business Model Analysis

The core mechanism of RFL involves taking a percentage fee from transactions and redistributing it to token holders. This model does not involve interest-bearing loans or gambling mechanisms. The redistribution occurs through direct token transfers, representing actual asset ownership.

Real-World Adoption

Current on-chain data shows limited but active trading and holder activity. The token primarily trades on decentralized exchanges, with holders receiving automatic distributions from the reflection mechanism.

Development Activity

The project has shown minimal recent development activity on its public repositories. The core reflection mechanism remains functional, though new feature development appears limited.

Token Distribution

Initial token distribution included a fair launch model without pre-mine for developers. Contract ownership was renounced after launch, limiting founder control over the token supply.