# SEFI Token The `SEFI` token was distributed in a one-time genesis event in March 2021 and will continue to be distributed to SecretSwap users over four years. The token emission and the details of each class of rewards can be seen below. **`SEFI` is non-inflationary with a fixed supply of 1 billion tokens.** 10% of `SEFI` was distributed at genesis. The remaining 90% of tokens would be distributed over four years, with rewards halving year over year. Of the remaining 90% of tokens to be distributed after genesis, approximately 71% will be allocated to SecretSwap Users (LP Providers & Traders in the form of $CSHBK) as notated and broken down in the chart below. Approximately 11% is allocated for SEFI Stakers and 18% is reserved for future development, accounting for 100% of the remaining supply distribution. These parameters (e.g. weighting of rewards between LP Providers and Traders) could change in the future through governance. | | Genesis | Year 1 | Year 2 | Year 3 | Year 4 | Total | | -------------------- | :-------: | :------: | :------: | :-----: | :-----: | ------- | | **Genesis** | **10.0%** | - | - | - | - | | | External Communities | 2.5% | - | - | - | - | | | Existing Users | 7.5% | - | - | - | - | | | **SecretSwap Users** | - | 37.87% | 18.93% | 9.47% | 4.73% | **71%** | | *LP Providers* | - | *32.53%* | *16.26%* | *8.13%* | *4.08%* | *61%* | | *Traders (CSHBK)* | - | *5.34%* | *2.67%* | *1.34%* | *0.65%* | *10%* | | **SEFI Stakers** | - | 5.87% | 2.93% | 1.47% | 0.73% | **11%** | | **Development Fund** | - | 9.6% | 4.8% | 2.4% | 1.2% | **18%** | You can obtain `SEFI` tokens on SecretSwap, as well as earn them by providing liquidity on selected trading pairs, or through the [CSHBCK Token](broken://pages/-MaeMDfsvt5GqPNhPxpc) mechanism. ### Initial Function of SEFI The SEFI token allows the Secret DeFi community to govern its protocol in a decentralized fashion. The decentralized governance functionality is now live! Some of the aspects that the community can govern include: * Spending the development pool * Determining pools eligible for user rewards, including changing their respective weights * Joining other communities, for example, by enabling joint liquidity mining campaigns like [Sushiswap Onsen](https://amm.testnet.enigma.co/swap#Swap) * SecretSwap fees and use of fees * Adding other products into Secret Finance that receive and utilize SEFI SEFI tokens staked in the previous pool will need to be migrated to the new pool to continue to earn rewards & participate in decentralized governance. Only SEFI tokens staked in the new pool will be eligible to participate. For details on the tokenomics of `SEFI`, see [this blog post](https://scrt.network/blog/sefi-governance-token-for-secret-defi). --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.secretswap.net/the-protocol/sefi-token.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.