Affine Deligne-Lusztig varieties at infinite level

We initiate the study of affine Deligne-Lusztig varieties with arbitrarily deep level structure for general reductive groups over local fields. We prove that for GLn and its inner forms, Lusztig's semi-infinite Deligne-Lusztig construction is isomorphic to an affine Deligne-Lusztig variety at infinite level. We prove that their homology groups give geometric realizations of the local Langlands and Jacquet--Langlands correspondences in the setting that the Weil parameter is induced from a character of an unramified field extension. In particular, we resolve Lusztig's 1979 conjecture in this setting for minimal admissible characters.