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If your website is on the scam list and you think that you are not a scammer, contact us. After you provide us with all the proof that you are in Crypto World with good intentions, we will delist you. Usually, you get in this category because you are hiding your team, you have a bad reputation(you are tricking, deceiving, scamming people), and you haven't got a written project whitepaper or is a shitty one....

Their Official site text:


Seneca Protocol

What is Seneca Protocol?

Seneca Protocol is an omnichain CDP protocol for yield-bearing assets.

Borrow collateralized stablecoin senUSD using supported collateral.

Users can access institutional-grade borrowing against established and emerging DeFi assets, maximizing capital efficiency.

Seneca Protocol launches on Arbitrum.

Overview

Borrow senUSD against yield-bearing assets

Isolated debt and leverage

Revenue-sharing.


Raises & Launch

Overview

Seneca Protocol launches on Arbitrum.

SEN token's initial liquidity will correspond to 100% of the total funds raised during the Fair Launch.

SEN's Camelot listing price will be determined by the total Fair Launch contribution.

Schedule

Fair Launch: OPEN

TGE: November 8th

dApp launch: TBA

Official Fair Launch Link

Fair Launch is live on Arbitrum

Launch SEN Token Sheet

Name

Total

Circulating Tokens

*Pending Fair Launch Closing*

Initial Liquidity

1,500,000 SEN

Total Supply

100,000,000 SEN

Raises

Round

Tokens

Price

Raise

Status

Early Contributors

4,000,000 SEN

$0.050

$200,000

CLOSED

Public Round

8,000,000 SEN

$0.055

$440,000

CLOSED

Fair Launch

1,500,000 SEN

$0.182

$274,000

CLOSED

Early Contributors Round

Seneca Protocol underwent an Early Contributors Round. 4,000,000 SEN were available for purchase at a price of $0.05 per token.

Public Round

Seneca Protocol underwent a Private Round. 8,000,000 SEN were available for purchase at a price of $0.055 per token.

Fair Launch

Seneca Protocol's  underwent on GemPad. 1,500,000 SEN were available for purchase at a $0.182 final price. 100% of the raised amount has been used to seed SEN's initial Camelot v2 liquidity pool.

Raises Terms

Both "Early Contributors", "Private Round", and "Fair Launch" raises have the following terms:

Amount

Unlock/Vesting

10%

TGE

90%

Linear over 3 months


Security & Audits

Overview

Seneca Protocol uses best practices to reduce risk within the protocol and its markets. However, using DeFi applications, including Seneca Protocol, always exposes deposited funds to some level of risk.

Security Strategy

Seneca Protocol takes the following steps in order to minimize risk:

Third-party Oracles

Whenever possible, Seneca will prioritize the usage of third-party oracles in order to ensure the transparency and reliability in managing price feeds.

Seneca will primarily employ DIA oracles.

Initial Limits

Mintable senUSD will be limited to a minimum quantity during the protocol's initial phase. This allows for the organic expansion of the senUSD supply as well as the discovery of any issues prior to the easing of the stricter borrowing limitations and the opening of the markets to the largest possible user base.

The initial phase of the protocol will have a reduced quantity of borrowable senUSD. This enables both the organic growth of the senUSD supply and the early detection of any problems, if any, before the stricter limits are lifted and borrowing is fully opened to the broadest audience.

Audits

To provide the highest level of code safety, Seneca uses trusted, battle-tested codebases for its essential infrastructure components.

To find and fix any potential flaws, top security firms will nevertheless conduct additional examinations of Seneca's smart contracts. Advanced strategies, new asset pricing models, and other unique components will also undergo routine post-launch audits.


Collateralized Debt Positions

Overview

Seneca is a CDP (Collateralized Debt Positions) platform. Users can use whitelisted assets as collateral to borrow senUSD, Seneca's stablecoin.

If the value of the collateral falls below a certain threshold, the CDP may be liquidated to cover the loan. Users can withdraw any excess collateral at any time.

There's zero risk when withdrawing all collateral after repaying the entire debt.

Seneca prioritizes the whitelisting of yield-bearing assets in order to allow DeFi investors to access institutional-grade borrowing, leverage, and superior capital efficiency.

Examples of those collaterals are yield-bearing stablecoins, vault tokens, deposit receipts, and LSTs.