About Sifchain.finance
Sifchain.finance is the brainchild of Sif, the Norse goddess of earth, agriculture, fertility, family, and marriage. She brings abundance, pleasure, and wisdom wherever she goes. She has blessed a hearty band of 21st century humans with the task of instantiating Sifchain in our universe.
Sif represents the collaborative nature of the blockchain industry and the lush rewards that can be found in cultivating connections between multiple other chains. The vision of her moving gracefully through her fields, harvesting a bountiful array of crops, the culmination of all of her hard work and forethought, is what they strive to reproduce in our work on Sifchain. We hope you’ll join in these noble pursuits.
How To Join Sifchain.finance Airdrop
First Step
Sifchain will be airdropping Rowan tokens to RUNE and ATOM holders.
Second step
The snapshot was taken on February 18th, 2021.
Third Step
You must’ve held at least 50 RUNE or 10 ATOM in a private wallet during the snapshot to be eligible.
Fourth Step
Generate a Sifchain address. Instructions to create an address can be found here.
Fifth Step
Now post a tweet with an image of Sif and also include your Sifchain address, mention @Sifchain and include hashtags #Sif, $ROWAN. Sif images can be found here.
Six Step
If you’re a RUNE holder, then send 0.005 RUNE to address: bnb1p0kmzzrq0220agpey43nyp826pgh9rc5y9a4m3. Make sure to submit your Twitter username and Sifchain address in the Memo field. (e.g. utx0_:sif1hjkgsq0wcmwdh8pr3snhswx5xyy4zpgs833akh)
Seven Step
Up to 1,000 eligible ATOM addresses will receive an equal share of 0.5% of the total supply. Top 20% up to 1,000 addresses on Cosmos Hub will get an equal share of an additional pool of 0.5% of the total supply.
Eigth Step
If you’re an ATOM holder, then send 0.005 ATOM to address: cosmos1ejrf4cur2wy6kfurg9f2jppp2h3afe5h6pkh5t. Make sure to submit your Twitter username and Sifchain address in the Memo field. (e.g. utx0_:sif1hjkgsq0wcmwdh8pr3snhswx5xyy4zpgs833akh)
Nine Step
Up to 1,000 eligible RUNE addresses will receive an equal share of 0.5% of the total supply. Top 20% up to 1,000 pooling addresses on BEPSwap will get an equal share of an additional pool of 0.5% of the total supply.
Ten Step
An additional pool of 2% of the total supply will be distributed equally to the approved Sifchain KYC applicants. Sifchain KYC applicants need to submit this google form to be eligible to receive the rewards.
Eleven Step
The rewards will be distributed over the course of four months starting from one week after the end of the Sifchain public token sale. The token sale will end on Friday, February 26, at 6:00 am GMT.
Twelve Step
For more information regarding the airdrop, see this Medium post.
Flexible Trading
Sifchain is the omni-chain solution for DEXes. More performant, more robust cryptoeconomics for trading and security, more flexible trading capabilities, an extensible omni-chain roadmap and eventual true DAO governance. Sifchain is the future of DeFi.
True Omni-chain DEX
Sifchain will support cross-chain transactions for 20-25 of the top blockchains such as Bitcoin, BinanceChain, Polkadot, and EOS. These blockchains represent the overwhelming majority of all cryptocurrency trading volume.
More Performant
Sifchain.finance Built with the Cosmos SDK, Sifchain processes substantially more transactions per second than Ethereum, making it 100x more efficient than the current leading DEXes. This equates to faster trades and lower fees.
Continuous Liquidity Pools
The CLP is primary financial primitive. Liquidity providers can earn income by providing liquidity in these pools. Swappers can send a transaction to a liquidity pool, trading tokens they have for those on the other side of the pool.
A More Performant Platform
Sifchain.finance Built with the Cosmos SDK, Sifchain processes substantially more transactions per second than Ethereum, making it 100x more efficient than the current leading DEXes. This equates to faster trades and lower fees.
Cross-chain communication
Sifchain will target 20–25 blockchains (such as Ethereum and Stellar) for cross-chain integration. Sifchain’s goal is for new blockchains to consider cross-chain integration as essential as a wallet or block explorer. Liquidity from all cryptocurrencies can then be accessed on-chain, allowing the coordinated deployment of capital from all cryptocurrencies by DAOs. Sifchain uses a two-way peg protocol which results in the swap of pegged tokens.
Hybrid Orderbook and CLP
Sifchain combines the best elements of liquidity pools and order books for optimal order execution. While decentralized exchanges are currently dominated by liquidity pool algorithms optimized for token swaps, Sifchain will rethink the formulas used for liquidity pool algorithms from first principles of complexity theory to implement adaptive AMMs suitable to limit orders and token swaps alike.
Trading on margin
Sifchain allows traders to use margin on their trades by borrowing from the liquidity pool. Interest is set based on market demand and liquidity supply. This increases returns for liquidity providers in two ways — it provides interest as a second revenue stream in addition to swap fees and increases the size of swaps, and thus the size of swap fees.
Industry leading technology and partnerships
Described in part above, they are rethinking the formulas used for liquidity pool algorithms from first principles of complexity theory to implement adaptive AMMs suitable to limit orders and token swaps alike. The Sifchain team is fortunate to be collaborating with some of the most adept market makers, traders, and complexity theorists in the cryptocurrency industry on this endeavor.
Truly Decentralized Governance
SifDAO will be launched alongside Rowan’s public sale and will receive a vested allocation of Rowan independent from the Sifchain team’s reserves. Our DAO community will play an ever expanding role in the direction of our exchange, and piece by piece, SifDAO will inherit the core team’s responsibilities until it is entirely responsible for Sifchain’s continued management.
