Frictionless yield is a blockchain innovation continuing to take DeFi by storm. A well known early implementation of this concept is Reflect (RFI). As stated on the the Reflect website:
“RFI works by applying a 1% fee to each transaction and instantly splitting that fee among all holders of the token.
Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and are immediately reflected in the holders balance.”