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Sifchain

@sifchain

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The leading Omni-Chain Dex on Cosmos. Swap, stake, and bridge between Ethereum & Cosmos with faster transactions & lower fees. | https://t.co/B52aHPtI2X

The Cosmoverse
Joined August 2020
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@sifchain
Sifchain
11 months
Yes! GTK is now functional and capable of accepting liquidity from matchers/lenders and trades from traders. Let’s see how volume changes over time at
@chucknut5489
Charlie
11 months
@sifchain Did this go to prod?.
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@sifchain
Sifchain
11 months
We're working on an infra upgrade for GTK that should take no more than 2-3 days. Once that happens, we should see increased volumes and liquidity on GTK from interested supporters! Then institutions like the ones we've mentioned can scale in as traction develops.
@chucknut5489
Charlie
11 months
@sifchain Any update on GTK since the API launch? Whatever happened with the company that wanted to integrate?.
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@sifchain
Sifchain
11 months
Rowan:USDC Yield at 815% APR on SifDEX, paid in USDC! . Yield has been available for a few days but we're only just tweeting about it after fixing a data feed issue on SifDEX. We still plan to ship Storehouse and Wheat to make Rowan deflationary! Stay tuned!.
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@sifchain
Sifchain
1 year
GTK Trading API Up!.
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npmjs.com
The `@sifchain/gtk-api` package provides a wrapper for the internal API client to manage and execute trade operations. This README will guide you through the installation, usage, and API methods...
@sifchain
Sifchain
1 year
A sizable trading firm offered to run trading volume through GTK if it had a conventional API. They have the capital to oversubscribe the current limited liquidity on GTK, which could then attract more lending, leading to a virtuous cycle of growth and yield for Rowan holders.
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@sifchain
Sifchain
1 year
First PR for Storehouse and Wheat was submitted a few days ago We are very serious about burning up to 90% of the tokens and going hyper deflationary 😤.
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github.com
@sifchain
Sifchain
1 year
Storehouse and Wheat is now our main crypto dev focus. It would land take 2-5 weeks from now, but we are hoping STF will cut a lot of that time down and be a good case study. It’s launch date would be a definitive date by when Rowan will reduce inflation or go deflationary.
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@sifchain
Sifchain
1 year
Stay tuned for more updates imminently on STF and Storehouse and Wheat, both of which have also had strong progress!.
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@sifchain
Sifchain
1 year
GTK now provides a strong margin trading experience and the right capital partners come along it can bring in a lot of yield. One way to invigorate usage is with a new token that’s airdropped based on usage of GTK, which we’ve considered but are currently focused on Rowan for now.
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@sifchain
Sifchain
1 year
We’re considering building out that API, but our primary focus has been on STF and Storehouse and Wheat so we’ll need to see how the community’s conversation evolves on it and how much additional matcher/lender capital and trading capital can be expected.
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@sifchain
Sifchain
1 year
A sizable trading firm offered to run trading volume through GTK if it had a conventional API. They have the capital to oversubscribe the current limited liquidity on GTK, which could then attract more lending, leading to a virtuous cycle of growth and yield for Rowan holders.
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@sifchain
Sifchain
1 year
Still, GTK will need to build stronger volume to actually make bring in consistent revenue. There’s a chicken-and-egg problem. You need matched / lender liquidity for traders to trade with and you need trading liquidity for matchers / lenders to earn yield from.
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@sifchain
Sifchain
1 year
This is why you sometimes see matcher yields as high as 2000% for individual trades in the GTK UI. A random sampling of trades show plenty with 1000% or 500% and a lot of early trades were done at very high leverage leading to very high yield.
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@sifchain
Sifchain
1 year
The yield a matcher gets varies depending on how much leverage the trader uses and how much the matcher hedges, but it should always be much larger than if they actually lent all 100% of the capital. This is explained more here and
@sifchain
Sifchain
2 years
Still, the margin dapp charges interest to traders *as though* they borrowed the entire $450. This liquidity concentration means they will end up with dramatically more interest revenue by lending on our platform.
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@sifchain
Sifchain
1 year
Because GTK has concentrated lending, matchers/lenders do not have to provide all the capital that traders borrow. In the example in this spreadsheet they provide just 6%.
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docs.google.com
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@sifchain
Sifchain
1 year
Matcher APR stats now the GTK UI!. Matchers/lenders can now check the stats on multiple pages at to get insights on how much yield others are earning. This can increase the amount of liquidity provided if it comes with a commensurate amount of trading.
@sifchain
Sifchain
1 year
We are so close on these Matcher APR calcs; in the mean time, Rowan:USDC yield on SifDEX is at 700%+ APR paid in USDC 🚀🚀.
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@sifchain
Sifchain
1 year
RT @JazearBrooks: Excited to share at @AGIHouseSF !. In this demo, a user solves a Github….
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@sifchain
Sifchain
1 year
We are so close on these Matcher APR calcs; in the mean time, Rowan:USDC yield on SifDEX is at 700%+ APR paid in USDC 🚀🚀.
@sifchain
Sifchain
1 year
Great question! GTK’s Match Trades page already has Matcher APR per trade but we’re working through tests on getting an average version of that stat on multiple pages (maybe 2-7 days away). More on STF and Storehouse and Wheat below.
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@sifchain
Sifchain
1 year
RT @sifchain: Storehouse and Wheat is now our main crypto dev focus. It would land take 2-5 weeks from now, but we are hoping STF will cut….
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@sifchain
Sifchain
1 year
Storehouse and Wheat is now our main crypto dev focus. It would land take 2-5 weeks from now, but we are hoping STF will cut a lot of that time down and be a good case study. It’s launch date would be a definitive date by when Rowan will reduce inflation or go deflationary.
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@sifchain
Sifchain
1 year
STF can currently use Sifchain, we’re demoing with potential corporate users and figuring out the best way to demo blockchain functionality over the next 1-2 weeks.
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@sifchain
Sifchain
1 year
Great question! GTK’s Match Trades page already has Matcher APR per trade but we’re working through tests on getting an average version of that stat on multiple pages (maybe 2-7 days away). More on STF and Storehouse and Wheat below.
@chucknut5489
Charlie
1 year
@sifchain What's the development timeline? Are we talking weeks, months, or years before we see all 3 of these in action?.
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