The Secret Network mainnet launched SecretSwap, the first AMM (Automated Market Maker) in our ecosystem and one of its kind in the blockchain space. This is a critical component of Secret DeFi, unlocking new liquidity for secret tokens!
Initially, SEFI will focus on the governance of SecretSwap, the first cross-chain, front-end operated, resilient decentralized exchange launched on the mainnet in February.

SEFI tokens allow users to manage various aspects of the Secret DeFi ecosystem in a decentralized manner. Some areas that the community can manage include:
Spending SEFI development pools;
Determining eligible pools for user rewards, including adjusting their respective weights;
Joining other communities, for example, by conducting joint liquidity mining activities like Sushiswap Onsen;
SecretSwap fees and usage fees;
Adding other products that receive and utilize SEFI to Secret Finance.