Question 1

What is Single Finance?

Accepted Answer

Single Finance is a multichain DeFi protocol comprising lending pools, strategy vaults, and leveraged liquidity mining; SINGLE is the protocol's capped governance token. The protocol's products handle lending and strategy participation, while SINGLE serves governance and tokenomics arrangements. Lending pools connect depositors who provide funds with borrowers who obtain funds; strategy vaults participate according to predefined strategies; leveraged liquidity mining adds leverage to liquidity participation. Their funding terms and risks differ, and they should not be treated as the same type of product merely because they belong to one protocol.

Question 2

What is SINGLE used for?

Accepted Answer

SINGLE is the capped governance token of the Single Finance Protocol. Official materials connect its governance scope with matters such as interest-rate models, fees, and the allocation of protocol fees and reserves, so its governance function concerns protocol parameters and resource allocation rather than granting a fixed return from any strategy. Governance participation means expressing views or voting on governance matters; how specific proposals are created and executed after approval remains subject to the governance process in effect at that time. Holding SINGLE does not eliminate lending, leverage, or smart-contract risks, nor does it constitute a return or principal guarantee.

Question 3

How are SINGLE's supply and allocation uses arranged?

Accepted Answer

SINGLE has a total supply of 1 billion tokens. Official materials list mining rewards, ecosystem and partnerships, team, liquidity pools, seed and private sales, IDO, and advisors as allocation uses; these categories respectively relate to participation incentives, ecosystem development, and team- and financing-related arrangements. Total supply, allocation uses, and circulating supply are not the same concept. Total supply is the model cap, while allocations describe intended attribution; actual circulating supply is also affected by locks, releases, execution status, and asset status across different chains, and real-time tradable supply cannot be inferred from the 1 billion tokens alone.

Question 4

How was SINGLE's historical mining-reward plan arranged?

Accepted Answer

The official historical mining-reward plan proposed distributing 40% of total supply to protocol participants over three years, namely 400 million tokens based on a 1 billion-token supply. Eligible groups included depositors, borrowers, strategy participants, and staking participants, with the aim of linking part of the emissions to different forms of protocol participation. The plan used declining emissions by phase, meaning newly added rewards differed across phases. Participating in a function also did not automatically entitle a user to a fixed amount, as it remained dependent on the applicable phase and specific rules. The source describes it as a historical plan, so it cannot establish that it is still being executed today.

Question 5

How are depositors and borrowers in lending pools related to SINGLE incentives?

Accepted Answer

In lending pools, depositors provide assets to the pool, while borrowers obtain assets from it and assume corresponding repayment obligations. The historical reward plan listed both groups as reward recipients, but the reward mechanism does not change the market, collateral, or protocol risks inherent in lending. Users should not disregard lending terms merely because SINGLE incentives exist. The assets used, interest rates or fees, collateral requirements, and consequences under adverse market conditions determine how funds participate, when additional requirements must be met, and what may happen if those requirements are not met.

Question 6

How are strategy vaults, leveraged liquidity mining, and SINGLE incentives related?

Accepted Answer

Strategy vaults and leveraged liquidity mining are both strategy-related features, but they are not the same thing. Vaults are funding arrangements that participate according to a strategy; leveraged liquidity mining makes positions more sensitive to changes in prices, liquidity, and lending conditions. The historical reward plan listed strategy participants as eligible recipients, indicating that rewards were designed to be connected to this type of activity; this does not turn a strategy objective into a return guarantee, nor does it mean token rewards necessarily cover strategy losses. Rewards should be assessed separately from underlying-asset performance, borrowing costs, liquidity, and smart-contract risk.

Question 7

Does participating in Single Finance-related strategies guarantee returns?

Accepted Answer

Single Finance strategies do not guarantee returns or principal. Official risk materials state that, although strategies aim to reduce the impact of some risks, lending, price volatility, liquidity, and smart-contract risks may still affect actual outcomes. These risks operate through different paths: price volatility changes position value, insufficient liquidity affects entry, exit, or swaps, lending conditions affect liabilities and collateral status, and smart-contract risk arises from code and protocol interactions. Risk-management objectives cannot replace actual outcomes.

Question 8

What should be noted when using SINGLE on different networks?

Accepted Answer

SINGLE was available under different contract addresses on networks including Cronos, Fantom, and Avalanche. Different networks mean different contracts and transaction environments; transferring on the wrong network, adding a same-named token on the wrong network, or using an unverified address cannot be considered interaction with official SINGLE. Before operating, confirm the target network and the contract corresponding to that network on the official token page, then switch the wallet to the same network and verify the asset on the transfer or swap page. The same ticker is not proof of contract authenticity, and names alone are especially insufficient for making judgments across chains.

Question 9

How do total supply, mining allocation, and declining emissions by phase differ?

Accepted Answer

1 billion tokens describes SINGLE's total supply; the 40% historical mining allocation describes 400 million tokens of that supply planned for protocol participants; declining emissions by phase describe that this portion was not produced evenly in every phase. They respectively refer to total quantity, allocation purpose, and timing. The 40% should not be understood as already distributed, and phased emissions should not be equated with current circulating supply. Determining tokens available at a given time also requires confirmation of plan execution, released portions, and asset status across chains; the available materials cannot convert a historical plan into a real-time circulating figure.

Question 10

How is SINGLE governance connected to protocol product activities?

Accepted Answer

SINGLE governance is connected to, but settles differently from, protocol product activities. Lending pools, strategy vaults, and leveraged liquidity mining are the product layer through which users conduct funding activities; governance concerns parameter or resource decisions such as interest-rate models, fees, and the allocation of protocol fees and reserves. Governance changes may indirectly alter participation conditions or costs, but they cannot replace the operations and risks of each product itself. Even if a parameter is adjusted through governance, users must still complete deposits, borrowing, strategy participation, or exit according to the actual product rules.

Question 11

How should the relationship between protocol participation and SINGLE's value be understood?

Accepted Answer

Token incentives may change the potential return composition of an activity, but they are not equivalent to returns and do not automatically create token purchase demand. Under the historical reward plan, users first had to participate in lending, strategy, or staking activities covered by the rules before they could potentially receive rewards for the applicable phase; reward value remained subject to market and liquidity conditions. Greater protocol use also does not automatically translate into a rise in SINGLE's price. Such a connection may arise only where actual rules link usage behavior to token demand or distribution, and it remains affected by tradable supply, holder behavior, and market conditions.

Question 12

What should be checked before interacting with SINGLE or protocol products?

Accepted Answer

Before interacting with SINGLE or protocol products, first determine whether your action is holding, cross-chain transfer, lending, strategy participation, or leveraged liquidity mining, because different actions correspond to different contracts, conditions, and risks. Then verify the target network and official contract address, and read the product's rules on fund entry, exit, fees, collateral, or liquidation. Before submitting a transaction, also check the approval recipient, asset amount, and network fee. Strategies do not guarantee returns, and interactions on the wrong network or with the wrong contract may also prevent assets from being used as expected; contract verification, confirmation of product rules, and risk assessment should all be completed.

Single Finance (SINGLE) Price