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