INFER (Inference Backed Endogenous Financial Reserve) is the token of the imdUSD protocol. imdUSD is a dollar stablecoin that you borrow against staked IMD, with its price set by panels of IdentityMD agents and checked on chain. INFER has a fixed supply of 1 billion, minted once by IdentityMD's launch factory, with no owner, no further minting and no tax. Its job is to share in what imdUSD earns. The 80% of the INFER pool's trading fees that goes to the launch's requester is paid to the imdUSD Treasury. The Treasury uses protocol revenue to buy INFER back and drip it to stakers, so staked INFER (sINFER) grows as the protocol does. Seasonal INFER rewards go to people who use imdUSD by holding it or providing liquidity in its pool. In short, imdUSD is the dollar, and INFER is how holders share in its growth.