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Secret Finance

SEFI

About

Secret Finance is the governance token for SecretSwap and the Secret Network DeFi ecosystem.

$481,269

30d

+0%

N/A

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Calculate how much you can earn by staking Secret Finance. Results vary based on the staking amount, term, and type selected.

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FAQ's

  • What is SEFI?
  • SEFI is the governance token for the Secret DeFi ecosystem. (It’s short for Secret Finance, and yes, it rhymes with DeFi.)

     

  • Who are the Team Members behind SEFI?
  • Enigma builds and supports groundbreaking privacy-focused technologies and networks. They are a core contributor to the Secret Network, a unique blockchain-based network where computations can be performed on encrypted data.

    Enigma’s mission: improve the adoption and usability of privacy-first products, for the benefit of all.

  • How was SEFI launched?
  • The SEFI token will be distributed in a one-time genesis event as well as to SecretSwap users over four years. The token emission and the details of each class of rewards can be seen here. SEFI is non-inflationary with a fixed supply.

    10% of SEFI will be distributed at genesis. The remaining 90% of tokens would be distributed over four years, with rewards halving year over year. These parameters (e.g. weighting of rewards between LP Providers and Traders) could change in the future through governance.

  • How to Stake SEFI
  • SEFI Staking is currently available on SecretSwap here.

  • How much can I earn Staking SEFI?
  • 15% of all SEFI supply is reserved for stakers.

    SEFI stakers (10%): ⅔ of SEFI allocated for stakers are distributed among SEFI stakers

    SCRT stakers (5%): ⅓ of SEFI allocated for stakers are distributed among SCRT stakers

    55% of all SEFI supply is initially reserved for SecretSwap users.

    Liquidity providers (41.25%): Liquidity providers are allocated 75% of user rewards. LP tokens for eligible pools can be staked in order to receive SEFI tokens. These include LP tokens from other chains (e.g., Uniswap, Sushi).

    Traders (13.75%): Traders receive 25% of user rewards through a cash-back mechanism. Cash-back tokens are minted with each trade (weighted by trade volume). In other words, traders accumulate cash-back tokens every time they trade. These cash-back tokens can be burned to redeem SEFI tokens.

  • Any Risks to Staking SEFI?
  • There is smart contract risks associated with staking SEFI which are not currently considered to be a large risk.