• As staking tokens, SLF can be “bonded” in order to receive block rewards. The economic security of the Chain is a function of the amount of SLF staked. The more SLF that are collateralized, the more “skin” there is at stake and the higher the cost of attacking the network. Thus, the more SLF there are bonded, the greater the economic security of the network.
• SLF holders may govern the Self Chain upgrades by voting on proposals with their staked SLF.
Users & dApps
SLF Staking
Governance
What is the SLF token?
The SLF is the Self Chain’s primary token and secures the chain and pays for the transaction fee.
What is SLF Staking?
Staking is getting rewards from your SLF tokens while contributing to the Self Chain’s operations. You delegate your tokens to one or more validators who have an important role in maintaining the integrity of the network. It is important to do due diligence on the validators you choose
How do I get started on Self Chain?
To get started, first, download the Keplr browser extension and create a wallet using this simple guide. Then, to pay for transaction fees and interact with apps on Self Chain, get some SLF on exchanges (DEXs or CEXs).
What are the benefits of holding SLF?
Holding and staking SLF allows you to receive rewards, these rewards come from fees, and new SLF that are unlocked during the creation of every block on the Self Chain. In addition, after staking your SLF, you will also be able to vote on proposals to help determine the future of Self Chain.
What is the wallet that supports Self Chain and the SLF token?
Both Frontier and Kelpr wallet is integrated with the Self Chain Staking Application. You can use Kelpr Wallet to store SLF, and manage staking positions with their wallet web extension.
