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1H1D1W1M
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Information
Data from
Issue Time
1970/01/01
Initial Price
US $ 0.00002799
Circulation/Max
2.50B/
Dominance
0.00%
ROI --%
Information
What is Sifchain and how does it work?
Sifchain is an innovative project aiming to become the first Omni-Chain DEX, integrating with 20-25 different blockchains. By doing so, Sifchain enables access to a vast majority of cryptocurrency trading volume, providing on-chain liquidity through its DEX. As a decentralized exchange, Sifchain combines liquidity pools and order books to ensure optimal order execution. It also implements adaptive AMMs for limit orders and token swaps. Traders can place limit orders that are executed against the liquidity pool as the market price fluctuates. Additionally, Sifchain allows margin trading by borrowing from the liquidity pool, with interest rates determined by market demand and liquidity supply. The platform prevents front-running through a commitment-reveal scheme. Sifchain also facilitates coordinated capital deployment by DAOs and simplifies blockchain integration for open-source communities.
Answers
What is Sifchain?
Sifchain is the leading Omni-Chain Dex of the Cosmos IBC. It allows for faster transactions and lower fees, enabling users to swap, stake, and bridge between Ethereum and Cosmos.
How does Sifchain work?
Sifchain operates as an application-specific blockchain using the Cosmos SDK and Tendermint's consensus mechanism. This ensures finality guarantees, which are crucial for cross-chain token swaps.
What is ROWAN?
ROWAN is the utility and governance token of Sifchain. Validators in the SifDAO receive voting power proportional to their ROWAN holdings.
ROWAN also functions as the settlement token for each liquidity pool in the Sifchain DEX. In these pools, ROWAN is paired with an external asset, allowing traders to use ROWAN as a settlement token when swapping two external assets.
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