SEDAPrice

(SEDA)

SEDA is a modular Layer 1 blockchain designed for programmable oracle infrastructure, connecting real-world data to any blockchain. Unlike traditional "plug-and-play" oracles with fixed data feeds, SEDA introduces "Oracle Programs." These are custom, trustless instructions that developers write to precisely define what data to fetch from the internet and how to compute it on-chain. This allows for unparalleled flexibility, enabling complex operations like averaging prices from multiple sources or retrieving specific private data, solving the "Oracle Problem" by making data access fully customizable and permissionless.

SEDA is the direct evolution of Flux Protocol. The project rebranded in early 2023 to SEDA, which stands for "Secure Data Access." This change was made to better reflect its expanded mission and technological advancements in creating a modular data layer. Holders of the original Flux ($FLX) token were given the opportunity for a 1:1 upgrade to SEDA tokens during the mainnet launch, ensuring a seamless transition for the existing community.

The SEDA token has multiple core utilities. It's used for Staking, where holders secure the network and earn rewards. Protocols must Burn SEDA tokens to request data, with more complex requests requiring greater burns, creating a demand mechanism. Holders participate in Governance, voting on critical protocol parameters like replication defaults and treasury allocations. Finally, SEDA tokens serve as Rewards for validators and data providers, incentivizing them to maintain the network's integrity and data availability.

The total supply of SEDA is strictly capped at 1 billion (1,000,000,000) tokens. The project utilizes a hybrid tokenomics model to manage circulation. It is inflationary through staking rewards, as new tokens are minted to compensate validators for securing the network. However, it is also deflationary due to its unique "request-to-burn" mechanism. When protocols request data via Oracle Programs, a certain amount of SEDA tokens is permanently removed from circulation, balancing the inflationary pressure from staking and aiming for a sustainable ecosystem.

Users can stake SEDA tokens by delegating them to a validator on the SEDA chain, typically using Cosmos-compatible wallets such as Keplr. This process helps secure the network, and stakers earn an Annual Percentage Rate (APR), currently estimated around 6.5%. Should a user decide to unstake or undelegate their tokens, there is a mandatory 21-day unbonding period. During this time, the tokens are locked and cannot be traded or earn staking rewards, a common security feature in Proof-of-Stake networks.

SEDA is designed to be fully chain-agnostic, meaning it can support a wide range of blockchain networks. It achieves this versatility through its innovative "Prover and Solver" model, eliminating the need for native oracle deployments on every single chain. This model enables SEDA to bridge data to any EVM-compatible chain, such as Ethereum, Base, and Polygon, as well as other diverse ecosystems. This approach ensures broad compatibility, allowing various blockchains to access trustless, permissionless real-world data without direct integration overhead, expanding its reach to "long-tail" chains.