Secret Network mainnet launches SecretSwap, the first AMM (Automated Market Maker) launched in our ecosystem and one of its kind in the blockchain space. This is a key part of Secret DeFi, unlocking new liquidity for secret tokens!
SEFI will initially focus on the governance of SecretSwap, the first cross-chain, front-running resistant decentralized exchange that launched on mainnet in February.

SEFI token allows users to manage various parts of the Secret DeFi ecosystem in a decentralized manner. Some aspects that a community can manage include:
spending the SEFI development pool;
determining which pools are eligible for user rewards, including changing their respective weights;
joining other communities, for example, by launching projects such as Sushiswap Onsen Joint liquidity mining activities such as;
SecretSwap fees and usage fees;
adding other products that receive and utilize SEFI to Secret Finance.