Selenium Token (SLM)

The Selenium Token (SLM) 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.

Users that stake SLM tokens also earn SLM rewards.

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