Selenium Liquidity Multiplier

The SLM (Selenium Liquidity Multiplier) token is the core economy of the Selenium Finance protocol, combining cross-chain DEX platforms, developer and user tools, and scalable incentive mechanisms. SLM serves as a universal reward, fee reduction and management tool, providing connectivity between different networks and DEX platforms.

The main purposes of the SLM token

  • Multi-DEX integration: SLM works as a single token to interoperate with Selenium DEX, Uniswap, PancakeSwap, Thorchain and other platforms via smart contract adapters.

  • Cross-chain compatibility: Support for Ethereum, BSC, Polygon, Solana, Avalanche and Cosmos networks via bridges and intermediate protocols (e.g. Axelar, LayerZero).

  • Scalability: Integration with Layer 2 (zk-Rollups, Optimism) and modular blockchains (Celestia) to reduce transaction costs.

  • Decentralized governance: SLM stakers vote to add new DEXs, networks and protocol parameters.

Rewards and incentive mechanisms

  1. Multi-DEX liquidity:

    • Users receive SLM for adding liquidity to any supported pool (e.g. on Selenium DEX or PancakeSwap). Rewards depend on the volume and volatility of the pair.

    • Additional bonuses for cross-chain pools (e.g., ETH/SOL over the bridge).

  2. Trade quests:

    • Weekly assignments (e.g., "do a $1000 swap on 3 different networks") with rewards in SLM.

  3. Staking SLM for access to premium tools:

    • Holders of 1000+ SLMs get access to Selenium Pro Tools: analytics, perpetual contracts, bot marketplace.

  4. Referral system with cross-platform bonuses:

    • Referring users to Selenium DEX or affiliate DEX gives the referral 5% commissions to SLM.

Tokenomics: flexibility and deflation

  • Dynamic offer:

    • Initial issue - 1 billion SLM.

    • The annual issue is adjusted by voting (max. +7% per year).

    • 20% of commissions from DEX transactions are burned (deflation).

  • Distribution:

    • 35% — liquidity awards (multi-DEX).

    • 25% — steaking and management.

    • 15% — ecosystem fund (grants for projects integrating SLM).

    • 10% — team (4-year vesting).

    • 10% — strategic partnerships (CEX listings, wallet integrations).

    • 5% — marketing (airdrops for DEX affiliate users).

Integration with the ecosystem

  • Selenium DEX Aggregator:

    • SLM is used to pay commissions at a discount of up to 50% when choosing the optimal swap route via 5+ DEX.

  • Multi-network tools:

    • SLM is the base currency for payment in Selenium SDK, an API for developing cross-chain dApps.

  • NFT-loyalty:

    • SLM Holders can minnow NFT "Selenium Passport" giving access to exclusive features (e.g. cross-chain farming).

Scaling and security

  • Scaling Layer:

    • Proprietary zk-Rollup for SLM transactions (up to 10,000 TPS), compatible with Ethereum and Cosmos.

  • Safety:

    • Modular smart contracts, audits from Hacken and OpenZeppelin.

    • Страхование пулов через Nexus Mutual и SLM-стейкеров.

  • Partnerships for Growth:

    • Integration with Chainlink for SLM price oracles.

    • Collaborations with DAO Maker, Enjin for gamification.

Last updated