Selenium
  • WELCOME
    • Overview
    • Security
    • FAQ
  • Protocol
    • Protocol Participants
    • Synthetic Assets (Selenized)
    • Mint Selenized Assets
    • Selenized Assets Lifecycle
    • Selenium Token (SELE)
    • Staking Tokens (LP)
    • Governance
  • External resources
    • Selenium protocol Github
    • Terraport App
    • Terraport Docs
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  • Selenium Token Supply
  • Distribution Schedule (Token per Year)
  • Genesis Token Distribution
  • Dynamic Emission Schedule
  • Emission Program (Token per Block)
  • Final Token Distribution
  • Token Vesting
  • Staking and LP Rewards before mainnet protocol launch
  • Staking Rewards & Buyback after mainnet protocol launch
  1. Protocol

Selenium Token (SELE)

The Selenium Token ($SELE) is Selenium Protocol's governance token. It must be used to vote on active proposals and is required as a deposit for making new governance proposals. In future iterations of Selenium, it will serve further purposes for the protocol that increase its utility and value.

Initially:

  • Users who stake $SELE tokens earn rewards in $USTC.

  • Users who provide liquidity (LP) to the $SELE/$LUNC pair will receive rewards in $LUNC from the dedicated farm.

Subsequently, with the launch of the protocol on mainnet, they will earn rewards in $SELE.

Selenium Token is also used to incentivize users to farm yields by staking LP tokens which were minted by providing liquidity for $SELE and Selenized Assets (sAsset). Yield is paid to the users from $SELE that are newly minted through annual inflation, which gradually increases the total supply of $SELE until the end of distribution period.

Selenium Token Supply

Selenium Token ($SELE) built on a blockchain have set up algorithmically created release schedules. This means we can accurately predict how many coins will be made by a specific time.

There are planned to be a total of 43,575,485 SELE tokens to be distributed over 4 years. Beyond that, there will be no more new $SELE tokens introduced to the supply.

Distribution Schedule (Token per Year)

Genesis
1st Year
2nd Year
3rd Year
4th Year

preSELE Airdrop

709,885

-

-

-

-

preSELE Reward

-

2,073,600

1,036,800

518,400

259,200

Launchpad Airdrop

50,000

-

-

-

-

sAsset Lp Staking

-

5,110,400

2,332,800

1,555,200

777,600

Staking Rewards

-

2,555,200

1,296,000

1,036,800

777,600

Development

-

2,592,000

1,555,200

1,036,800

777,600

Liquidity

2,500,000

2,073,600

1,555,200

1,036,800

518,400

Marketing & Listing

3,000,000

2,073,600

1,555,200

1,036,800

518,400

$SELE Supply

6,259,885

24,394,685

33,725,885

39,946,685

43,575,485

Annual Inflation (%)

-

127.47%

47.27%

21.40%

10.28%


Genesis Token Distribution

Total of 6,259,885 tokens are available at Genesis of Selenium Protocol. The distribution of these tokens will be made as below:

  • preSELE airdrop: 11.34% (709,885) tokens will be airdropped to preSELE partecipants.

  • Launchpad Airdrop: 0.80% (50,000) tokens will be airdropped to all Launchpad participants.

  • Marketing & Listing: 47.92% (3M) tokens will be allocated to Marketing and Listing reserve address.

  • Liquidity: 39.94% (2.5M) tokens will be used for initial and future liquidity.

Until the protocol launches on mainnet, no new tokens will be minted.


Dynamic Emission Schedule

Tokens emission will occur block by block, in ascending order over the first 4 years:

  • 1st Year: 2.60 $SELE per block

  • 2ndYear: 1.80 $SELE per block

  • 3rd Year: 1.20 $SELE per block

  • 4th Year: 0.70 $SELE per block

Emission Program (Token per Block)

1st Year
2nd Year
3rd Year
4th Year

sAsset Lp Staking

0.60

0.45

0.30

0.15

Marketing & Listing

0.40

0.30

0.20

0.10

Development

0.50

0.30

0.20

0.15

preSELE Rewards

0.40

0.20

0.10

0.05

Staking Rewards

0.30

0.25

0.20

0.15

Liquidity

0.40

0.30

0.20

0.10

Total

2.60

1.80

1.20

0.70

All further changes to the distribution of $SELE tokens per block will only be made via Governance voting.


Final Token Distribution

Total supply of SELE tokens will increase for 4 years due to inflation, until the total token supply becomes 43,575,485.

The distribution structure at the end of year 4 will look like the below:

  • preSELE Airdrop: The airdrop amount which was originally allocated to preSELErs, will now account for 5.43% (2,366,285) of the total token supply.

  • Launchpad Airdrop: The airdrop amount allocated to Genesis to all launchpad participants will represent 0.11% (50,000) of the total token supply at the end of the distribution.

  • Staking Rewards: 13.00% (5,665,600) tokens will be distributed to all stakers and governance participants

  • preSELE Rewards: 8.92% (3,888,000) tokens are distributed to respective preSELE holders.

  • Development: 13.68% (5,961,600) tokens will be distributed and used for the continuous development of the protocol.

  • sAsset LP Staking: 22.43% (9,776,000) tokens are distributed to all sAsset staking pools by the end of year 4. Tokens are distributed daily to each staking pool based on their allocation point compared to other assets.

  • Marketing & Listing: 18.78% (8,184,000) tokens will be distributed in the marketing address and will be used for advertising campaigns, partnerships and future CEX listings.

  • Liquidity: 17.63% (7,684,000) of total $SELE supply will be distributed to liquidity reserve by the end of year 4.


Distribution Rate (Inflation)

Inflation rate of $SELE tokens are designed to gradually decrease every year until it reaches 43,575,485 at the end of year 4. After the end of year 4, no more $SELE tokens will be minted through inflation.

Token Vesting

Tokens purchased during the presale will not be fully locked for the entire 13 months. Instead, they will follow a structured unlocking schedule:

At launch (Token Generation Event - TGE): 30% of your purchased tokens will be immediately available.

Following a 3-month cliff period, the remaining 70% will be released daily in small increments over the subsequent 10 months, ensuring consistent access to your tokens throughout the vesting period.

This approach allows token holders to access a portion of their tokens immediately, while gradually receiving the rest over time.

Staking and LP Rewards before mainnet protocol launch

Selenium token holders who decide to lock their $SELE tokens in staking will receive rewards in $USTC.

Selenium token holders who decide to provide liquidity to the $SELE/$LUNC pair will receive rewards in $LUNC from the dedicated farm.

Staking Rewards & Buyback after mainnet protocol launch

Selenium token holders who decide to lock their $SELE tokens receive rewards in the following methods:

PreviousSelenized Assets LifecycleNextStaking Tokens (LP)

Last updated 1 month ago

For each block, $SELE tokens will be distributed to all stakers ().

All generated by Selenium are exchanged into $LUNC from the CDP collateral and sold to buy $SELE via Terraport after being sent to the Collector contract. $SELE tokens are then distributed as rewards to $SELE stakers and voters in proportion to the percentage of the total stake. This process balances the generation of new $SELE by creating buying pressure.

see Staking Rewards in the table
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