What is Sei Network?

Sei is a Layer 1 Proof-of-Stake blockchain that is optimized for trading and exchanges. The network aims to solve scalability and performance issues that may be holding back decentralized exchanges (DEXs) on general-purpose blockchains.

What Problem does Sei Solve?

Most decentralized exchanges today are built on general-purpose blockchains, which lack the scalability and the performance needed for a high-quality trading experience.

Issues with general-purpose blockchains include:

Slow finality and block times
Low transactions per second
Front-running and MEV vulnerabilities
High costs for frequent traders

Network Tokenomics

The native token of the Sei ecosystem is SEI. It has utility purposes including:

Paying transaction fees on the Sei blockchain
Used for on-chain governance of the protocol
Staking to help secure the network and earn rewards

SEI token staking specifics:

Percentage of total supply staked: 60%
Compounding: Rewards do not automatically compound
Reward frequency: Distributed every block (~.37 seconds)
Unbonding period: 21 days
Slashing penalties: The two main types of violations are double-signing and unavailability.

Via Figment

Healthy Staking on SEI