The Economics of Reflections

Understanding what drives the value of holding EverETH — and what does not.

Volume Creates Value

The reflection mechanism creates a direct, mathematical relationship between ecosystem activity and holder returns:

More Trading Volume → More Fees Collected → More ETH Distributed → More Value for All Holders

This is not a marketing claim. It is a mechanical property of the smart contract. Every transaction, regardless of size, generates ETH for all holders. The mechanism operates identically whether someone trades $100 or $10,000,000.

Scalability at Any Market Cap

The reflection mechanism is percentage-based, not fixed-amount. This means it scales infinitely:

Percentage-Based Tax

The tax is always 12% — regardless of transaction size

Proportional Payouts

Distribution is always based on token share — regardless of holder count

Zero Bottlenecks

No caps, limits, or time-based restrictions on distributions

The mechanism works identically at $1 million market cap and $1 billion market cap. Only the absolute ETH amounts change. The mathematics remain constant.

Measuring Reflection Intensity: AARR

EverETH has developed a proprietary metric for measuring historical reflection performance:

AARR — Average Annualized Reflection Rate

AARR calculates what the annualized reflection intensity would be if the activity level of a given measurement period remained constant over a full year. It is derived from on-chain Dividend-Tracker data and is independently verifiable.

MetricWhat It Measures
AARR7Reflection intensity over the past 7 days (annualized)
AARR30Reflection intensity over the past 30 days (annualized)
AARR365Reflection intensity over the past 365 days (annualized)

Live AARR values are available at reflect.evereth.net

Important Consideration

AARR measures reflection intensity relative to token quantity, not fiat value. A high AARR with a declining token price can still result in negative total return. AARR captures only the reflection component of total return, not the price component. Past AARR does not guarantee future reflection intensity.

Tax Friction and Break-Even

Given the unified 12% tax, it is important to understand the cost of entry and exit:

Entry Cost
12% of input value is taken as the protocol tax. You receive tokens worth 88% of your purchase.
Round-Trip Cost
Buying and then selling incurs combined friction of ~22.56% (0.88 × 0.88 = 0.7744).
Break-Even
Time required for reflections to offset the entry tax depends on AARR and price stability.

The fee structure is designed for long-term participation, not short-term trading. This is a deliberate design choice that incentivizes holding and generates reflections for remaining holders.