> For the complete documentation index, see [llms.txt](https://wiki.elephant.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://wiki.elephant.money/glossary/rfi-rewards.md).

# RFI Rewards

RFI rewards (also called reflections) work by applying a small fee to each transaction and instantly splitting that fee among all holders of the token.\
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Holders do not need to stake or wait for fees to be delivered. Fees are awarded by the smart contract and immediately reflected in the holders' balance. This provides long-term holders with a lifetime of frictionless, non-inflationary passive rewards.

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In the case of ELEPHANT token, the 10% fee on transaction is split evenly between **liquidity** (5%) and all the **holders** of the token (5%).
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