9. sFund – The Splenex Fund
What is sFund?
Splenex Fund is the staking and royalty distribution layer: token holders stake SPX to earn a share of protocol revenues.
Revenue Sources:
Swap fees from Cross-Chain Swap.
Liquidity pool incentives.
Collateral engine operations.
Future products (synthetics, derivatives, yield modules): diverse revenue streams feed into sFund.
How It Works (User View):
User stakes SPX tokens into sFund.
Staked tokens secure the network + liquidity engine.
Revenue generated from Splenex operations is pooled.
sFund distributes royalties to stakers, proportionate to their stake: simple staking model with direct revenue share.
User Benefits:
Passive income (royalties).
Governance access (vote on fund allocations, upgrades).
Long-term value capture as Splenex adoption grows: stakers benefit as the network scales.
Developer/Protocol Integration:
API Hook: sFund.stake() and sFund.unstake().
Royalty Tracking: sFund.royalties() endpoint for real-time data.
LP Modules: integrate staking into yield strategies: devs can build on sFund.
Tokenomics Connection:
Staking Incentive: Locking SPX reduces supply.
Revenue Distribution: Splenex → sFund treasury → staker royalties.
Governance Power: Stakers propose/vote on fund use.
Security Model for sFund:
Non-Custodial Staking via smart contracts.
Royalty Distribution with zk-rollup verification.
Slashing for validator misbehavior.
Regular security audits: ensures user funds remain secure.
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