@TheyCryptoMan Yeah, sorry it's been a while. We're still cranking on this though, and hope to get some updates out soon.
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Sifchain
2.9K posts
Sifchain
@sifchain
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 Katılım Ağustos 2020
459 Takip Edilen32.3K Takipçiler
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 gtk-margin.com
Charlie@chucknut5489
@sifchain Did this go to prod?
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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
Charlie@chucknut5489
@sifchain Any update on GTK since the API launch? Whatever happened with the company that wanted to integrate?
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@trd_tradecoin Only USDC from Noble has liquidity right now, but you can import/export it to the Noble blockchain, where it’s native
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@sifchain IBC withdraw are still dead, conversion of USDC/USDC is setting at 1/10 rate, this way will not work to grab rowan back, if really want true investors to jump in, open doors fairly. To increase volume traction on Sifi dex, connect in/out to osmosis not just rowan but with USDC.
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@bccryptolearn No, you should be able to use IBC to withdraw now. If there was any issue there it was temporary and should be resolved
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@sifchain Didn't you guys halt withdrawals from your chain months ago?
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@trd_tradecoin Thanks for checking in, we don’t have an updated ETA, but this is a top priority for us as it may institute a large turnaround for the project
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First PR for Storehouse and Wheat was submitted a few days ago github.com/Sifchain/sifno…
We are very serious about burning up to 90% of the tokens and going hyper deflationary 😤
Sifchain@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 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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GTK Trading API Up!
github.com/Sifchain/gtk-a…
@sifchain/gtk-api" target="_blank" rel="nofollow noopener">npmjs.com/package/@sifch…
Sifchain@sifchain
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.
Indonesia
@futorobf @draknivek Also, a solid amount of non-Rowan yield may need to be dropped into the pools to encourage pooling. GTK (with more liquidity) and STF (with more clients) should be up to the task
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@sifchain @draknivek Uhu? 1 to 2 years?
If that's true then that's crazy!! 🤷🏼
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@futorobf @draknivek Burning that much Rowan very quickly would likely require cyclicly burning a lot of Rowan in Sifchain’s pools, then temporarily increasing DLP to entice some more Rowan to be sold into the pools where it can then be burned again.
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@futorobf @draknivek The exact amount of Rowan burned and the duration during which it burns depends on what parameters are set.
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@draknivek We’re not sure when it would begin but 07.2024 is quite possible. It may take a year or two to actually burn that many Rowan
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@JeroenTerra Check your wallet on osmosis and if that doesn’t work, then ask the Keplr team for help
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@sifchain Today i swapped luna on terra for rowan on sifchain. Luna was first swapped for rowan on osmosis, but the rowan didn't reached my sifwallet on sifchain. My luna's are gone. What should i do?
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Matcher APR stats now the GTK UI!
Matchers/lenders can now check the stats on multiple pages at gtk-margin.com 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
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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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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