> For the complete documentation index, see [llms.txt](https://seneca-protocol-docs.gitbook.io/seneca-protocol/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://seneca-protocol-docs.gitbook.io/seneca-protocol/tokenomics/ssen.md).

# sSEN

## Overview

Staked **SEN** (**sSEN**) is used to access fee-sharing and governance.

Protocol revenues (**real yield**) drive the increase in **sSEN** value.

### How does sSEN work?[​](https://docs.bunni.pro/docs/tokenomics/velit#how-do-you-get-velit) <a href="#how-do-you-get-velit" id="how-do-you-get-velit"></a>

**sSEN** is obtained by staking **SEN**. Deposits have a lock period of 24 hours and no tax.

Staked SEN **(sSEN)** can be redeemed for an increasing amount of **SEN** tokens.

Protocol revenues, which are automatically converted into **SEN** and sent to the staking contract, that allows redemptions, dictate the growth rate. The conversion also generates an additional form of **SEN** buying pressure.

The redemption ratio is the amount of **SEN** redeemed from 1 **sSEN**. The redemption ratio starts at "1.00". The current growth rate is displayed as *Staking APR*.

**sSEN** is intended to continuously compound and can be redeemed for the corresponding **SEN** amount at any moment with no penalties.

### What is the utility of sSEN?[​](https://docs.bunni.pro/docs/tokenomics/velit#what-is-the-utility-of-velit) <a href="#what-is-the-utility-of-velit" id="what-is-the-utility-of-velit"></a>

* [**Revenue Redistribution**](/seneca-protocol/seneca-protocol/revenue-redistribution.md)
  * **sSEN** holders access the protocol's fee-sharing (**real yield**). The **sSEN** redemption ratio directly increases as a result of the revenue redistribution, with further claims being available to the user.
* [**Governance**](/seneca-protocol/seneca-protocol/governance.md)
  * Join the Senate and vote on new collateral whitelisting, *Apricus Chambers* replenishment, and protocol parameter changes.


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