រីករាយពិធីបុណ្យចូលឆ្នាំថ្មី ប្រពៃណីជាតិខ្មែរ🎉
Happy Khmer New Year!

Greetings everyone!

Hope you are well. Here is a periodical update on Selendra’s development.

Chain Optimization:

Since the last upgrade, the network has run over 4 million blocks (484+ days) without any downtime. We now aim to optimize the network further. We're working to reduce the native chain from 6 seconds to 1 second. This is our second attempt. The first attempt was promising, but we encountered an issue due to a consensus issue we chose, resulting in a block not being produced after block 2 million. If this attempt is successful, Selendra will become a much faster network.

The optimization chain will include Account Abstraction (AA), maintaining support for both EVM and Wasm smart contracts. Wasm introduces enhanced privacy. AA will improve UX (user experience) and simplify adoption.

Interoperable:

After the optimization is successful, Selendra will add another layer of security by becoming a Layer-2 on Ethereum Network. The byproduct of this upgrade will make Selendra more interoperable with other networks.

Strategy for use-cases and users:

Selendra's current focus is to become the backbone of loyalty rewards, tokenization, and exchanges. Businesses and brands can use Selendra’s smart contracts to mint and manage their loyalty programs. The contract listens to their business logic to mint, transfer, and burn loyalty points, tokens, or credit.

Later, if businesses want their users to exchange the loyalty points with other businesses' loyalty points, they can easily do so because it is on the same standard.

If they don’t trust the Selendra network, they could run a full copy of the Selendra node themselves, which also adds more security to Selendra.

Value

We believe that a network becomes valuable only when it is useful and gains enough users base. Supporting businesses and brands in interoperability and liquidity of loyalty points increases the usefulness of the Selendra network and attracts users. Businesses supported by Selendra contribute to its user base, boosting its industry value and attractiveness.

We appreciate your support and belief in Selendra.

Selendra Team

Selendra Chain Upgrade Announcement

Dear Selendra Community,

We are excited to announce a major upgrade to the Selendra Network that brings significant improvements to performance, consensus mechanism, and tokenomics. These changes are designed to enhance the network's efficiency, security, and economic model. Here's what you need to know:

1. Performance Boost: 6s to 1s Block Time

We've successfully reduced the blockchain time from 6 seconds to 1 second per block. This sixfold increase in speed will result in faster transaction confirmations and improved overall network responsiveness.

2. Consensus

We've shifted from the GRANDPA consensus to a DAG-based consensus mechanism we call SelendraBFT, powered by AlephBFT. This upgrade brings enhanced security and efficiency to the network's consensus process.

3. Tokenomics Revamp

Our tokenomics model has been updated to better balance network growth with token value:

- Implemented a flat inflation rate of 21 million SEL per year to reward Validators and Stakers.
- Introduced a deflationary mechanism through fee burns: 70% of all collected fees will be burned.
- This model is designed to distribute rewards more evenly as the network grows, while also controlling token supply through increased burning as usage increases.

4. Staking and Wallet Updates

- Staking UI updates are still in progress. In the meantime, you can use Polkadot.js or Subwallet browser extensions to manage your staking activities.

- To stake:
1. Import your account using either Polkadot.js or Subwallet browser extension.
2. Refresh the Selendra portal page.
3. Navigate to Network > Staking > Accounts.
4. Look for the "+Nominator" option and follow the on-screen instructions.

5. The Network

- Mainnet
- Testnet

We're excited about these improvements and believe they will significantly enhance the Selendra Network's capabilities and user experience. As always, we appreciate your continued support and welcome any feedback or questions you may have about these updates.

Stay tuned for more updates and happy building on Selendra!

Best regards,
The Selendra Team

Search for Selendra on chainid to Selendra EVM on Metamask or add to your wallet via Wallet Connect.

We are proud to be a small part of Ethereum SEA Day.

រីករាយបុណ្យចូលឆ្នាំសកល២០២៥🎉✨

សូមជូនពរបងប្អូនទាំងអស់គ្នាឱ្យជួបតែសេចក្តីសុខ សិរីមង្គល និងសម្រេចគោលបំណងល្អៗគ្រប់យ៉ាងនៅក្នុងឆ្នាំថ្មីនេះ។ សូមឱ្យពេលវេលានៃការឈប់សម្រាកនេះ នាំមកនូវភាពស្រស់ស្រាយ និងក្តីសុខសាន្តដល់លោកអ្នក។ សូមរីករាយនឹងពេលវេលាដ៏មានតម្លៃជាមួយគ្រួសារ និងមិត្តភក្តិជាទីស្រឡាញ់។

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Happy International New Year 2025!

May this New Year bring you happiness, prosperity, and success in all your endeavors. We hope this holiday season brings you refreshment and peace of mind. Cherish these precious moments with family and friends who make life special. Wishing you a wonderful start to 2025 filled with joy and new possibilities.

Cross-chain synthetic asset protocol Linear Finance has announced that it will cease operations due to prolonged financial difficulties. The Linear Finance team stated that its operations team will soon contact users to provide a timeline and instructions for liquidating active positions on its dApps. — link

Linear Finance said that Binance recently announced that it would delist the LINA token, causing its market value to shrink by 65%. The core stakeholders have collectively decided to liquidate and exit their positions.

This is the precise reason we didn't pursue to list Selendra's SEL token on any exchange before a clear use case.

⚽️ CPL Play is LIVE on Selendra Network! 🚀 Join Now

The Cambodian Premier League just launched CPL Play — your gateway to the ultimate fan experience!

🔥 Buy weekly Player Cards (NFTs) → Get CPL Stars → Predict & win more Stars → Redeem for prizes! 🎁

💎 CPL Stars = CPL’s stable token
❤️ Every card bought helps clubs & players & CPL to enhance Cambodia Football.

Own. Predict. Win. 🏆

On-chain activities can be found => https://explorer.selendra.org/txs