Trade SLF with Leverage
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Self Chain (SLF) is a Layer 1 blockchain designed with a modular, intent-centric architecture to provide streamlined Web3 access and keyless wallet infrastructure. The platform focuses on simplifying user interactions by interpreting user intents through advanced language models, creating efficient pathways for transactions across multiple blockchains. This intent-based approach is aimed at enhancing user experience by minimizing complexities and providing a more intuitive blockchain interaction interface.
Self Chain employs Multi-Party Computation Threshold Signature Schemes (MPC-TSS) and Account Abstraction (AA) technologies to provide keyless wallets, offering users complete self-custody over their digital assets. These keyless wallets simplify onboarding and asset recovery, addressing common issues with traditional wallets, such as complex key management and risks associated with seed phrases. The use of MPC-TSS allows secure signing of transactions, reducing transaction fees while maintaining robust security measures. The platform also automates rewards for decentralized applications (dApps) that effectively execute user intentions, fostering a more interactive and efficient ecosystem.
Self Chain's consensus mechanism is based on Proof-of-Stake (PoS), leveraging the Cosmos SDK framework and Tendermint consensus algorithm for network security and scalability. This combination provides a developer-friendly environment with a comprehensive set of tools, libraries, and documentation to support blockchain development, particularly for non-technical investors. The system is also designed to integrate seamlessly with existing protocols across different blockchains, enabling cross-chain interactions and enhancing the overall Web3 user experience.
The total supply of SLF tokens is 336 million, with a circulating supply of 97 million tokens currently. The platform does not have a fixed maximum supply, as inflation rates between 5% and 15% are adjusted based on staking activities. Newly minted tokens are distributed as rewards to validators and delegators to encourage network participation and security. SLF tokens are also used to pay gas fees for network operations, providing a financial incentive for participants to maintain honest behavior within the network.