SEFI Governance Tutorial: On-Chain Private Voting for SecretSwap!

Background

The SEFI Governance module on SecretSwap is live on mainnet, making it the world’s first truly private voting application on blockchain, secured by Secret Network — the data privacy platform for Web3. This application introduces on-chain governance for SecretSwap, a front-running resistant cross-chain and privacy-first AMM. SecretSwap is built on Secret Network, leveraging its encrypted “secret” smart contracts to ensure security and privacy. $SEFI is a governance token for Secret DeFi and SecretSwap, and it’s also a Secret Token native to Secret Network that provides privacy by default to its holders. Now $SEFI holders can directly participate in governance with encrypted voting for SEFI funding and text proposals!

Purpose

This guide is intended to educate users how to participate in SEFI Governance to interact with private on-chain voting on SecretSwap.

Pre-Requisites

  • Install Keplr wallet, an open-source browser extension wallet for the Cosmos interchain ecosystem at https://wallet.keplr.app/
  • Own minimal SCRT in Keplr to be used as gas fees
  • Own SEFI tokens in Keplr to be used as voting stake

Instructions

Access SecretSwap and Stake SEFI

Whats Next?

SecretSwap continues to rapidly innovate by leveraging the power and encryption of secret contracts. With decentralized governance via Secret Voting now incorporated into SecretSwap, it will be exciting to see how the Secret community governs Secret DeFi going forward!