SeleniumPrice

(SELE)

Selenium is a decentralized finance protocol developed on the Terra Classic network. Its primary function is to facilitate the creation and management of synthetic assets known as Selenized Assets. These synthetic tokens are designed to replicate the price movements of various real world assets, such as global stocks and commodities like gold and silver. This allows users to gain exposure to the price changes of these assets without needing to hold or trade the physical versions directly. The process of generating these synthetic assets is decentralized and relies on smart contracts. Users create these assets by opening positions and providing collateral. The protocol is designed to ensure that all issued synthetic assets remain backed by sufficient collateral to maintain their stability within the system. The native token of the project is SELE. It serves several core functions within the ecosystem. Primarily, it acts as a governance token, allowing holders to participate in the democratic evolution of the protocol. Token holders can propose new ideas, vote on active proposals, and contribute to the decision making process of the project. Beyond governance, the SELE token is used as an incentive for users who contribute to the stability and liquidity of the network. For example, users who provide liquidity to the markets or stake their tokens can earn rewards. This incentive structure is intended to maintain healthy liquidity for the synthetic asset pairs traded within the ecosystem. Selenium is positioned as a community driven project that aims to bring sophisticated financial tools to the Terra Classic blockchain. It is often compared to the former Mirror Protocol due to its focus on synthetic asset technology. The protocol manages the liquidity and trading of its assets through decentralized exchanges like Terraport, and it supports integration with common ecosystem wallets such as Terra Station and Keplr. The project emphasizes a transparent and democratic approach to development, where the community plays a central role in shaping future iterations and utility of the protocol. This includes deciding on new asset listings and protocol upgrades through the established governance framework. Learn more

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