rSURF — A Reflective Token with a Spin

reflectorSURF (rSURF)

  • 1% Wrapping Fee (.25% goes to all holders and .75% to liquidity)
  • 1% Unwrapping Fee (.5% goes to all holders and .5 %to liquidity)
  • 1% Transfer Fee (.8% goes to all holders and .2% goes to liquidity)

Learn | Arb | Earn

  1. Use cross-chain bridges;
  2. Setup Metamask to interact with the xDAI STAKE network; and
  3. Use Honeyswap.

My Wallet

  • The first section summarizes rSURF’s reflective redistributions properties, as well as indicating a maximum wrap/unwrap amount of 50,000 rSURF per transaction.
  • The next section indicates how much SURF and rSURF is in the users connected wallet address (i.e., your connected wallet).
  • The last section indicates the Total rSURF, Total rSURF Wrapped, and Total Wrapped Excess. Below this, is a tangerine colored button that executes the Spin Wrapper function.
  • SURF: 67,893 SURF are locked in the wrapper contract as a result of using the wrap function to create rSURF.
  • rSURF: 67,893 rSURF are in circulation as a result of SURF being locked in the wrapper contract in exchange for rSURF.
  • urSURF: 932,107 urSURF are in the wrapper contract, representing the unwrapped portion of the 1,000,000 rSURF supply not in circulation.

Wrap SURF

  1. 100 SURF gets locked in the wrapper contract.
  2. 100 rSURF is sent out of the wrapper contract. This rSURF gets allocated according the reflective redistribution properties of the wrap function (99% goes back to the user, .25% goes the all holders, and .75% goes to liquidity). Note: The bucket in the wrapper contract sending out the rSURF is labeled urSURF because it only become rSURF (i.e., wrapped) when this function is called by the user.
  3. .233 of the .25 rSURF allocation to all holders is sent back the wrapper contract, but to the rSURF bucket instead. This is because the 932,107 unwrapped rSURF (urSURF) held by the wrapper contract, are taken into account for purposes of the .25% reflective redistribution to all holders. This .233 rSURF is will added to “Total Wrapper Excess”, and can be redistributed back into the ecosystem via the Spin Wrapper function. (see below for details on the Spin Wrapper function).

Unwrap SURF

  1. 100 rSURF is sent from the user’s wallet and allocated to the rSURF protocol according the reflective redistribution properties of the unwrap function (99% goes back into the urSURF bucket of the wrapper contract, .5% goes the all holders, and .5% goes to liquidity). Note: The wrapper bucket receiving the rSURF is labeled urSURF because the rSURF sent to it becomes unwrapped, and therefore urSURF, when this function is called by the user.
  2. 99 SURF gets releases from the wrapper contract and is sent to the user’s wallet address.
  3. .466 of the .5 rSURF allocation to all holders is sent to the rSURF bucket of the wrapper contract. This is because the 932,107 unwrapped rSURF (urSURF) held by the wrapper contract are taken into account for purposes of the .5% reflective redistribution to all holders. This .466 rSURF is added to “Total Wrapper Excess”, and can be redistributed back into the ecosystem via the Spin Wrapper function. (see next section for details on the Spin Wrapper function).

Spin Wrapper

Locked Liquidity

  1. It permanently increases the liquidity for rSURF.
  2. It permanently increases the amount of rSURF in circulation, by having more tokens permanently locked into the liquidity pool.
  3. It causes some downward pressure on price due to having to sell rSURF to buy xDAI.

Arbitrage

rSURF Dashboard has SURF — rSURF swap on Honeyswap embedded into it

An rSURF Arbitrage Adventure

Initial SURF/rSURF Balance as of May 3, 2021

Conclusion

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Avid Gamer | Economics Geek | Decentralization Enthusiast

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