Sifchain Announcements

02 Oct 2022 12:53

📢 Margin Trading is now LIVE for Whitelist participants! 📢

Start trading now: https://sifchain-margin.redstarling.com/

Important details below:
1. Margin-enabled pools on launch are: ATOM, ETH, USDC, JUNO.
More pools will be added over time. See more information: https://www.notion.so/63fe6f60e8094a458047595e4ce18eb9

2. There are ~150 wallets that have been whitelisted and have the ability to open/close margin positions. We are relying on these traders to provide feedback in the whitelist-participants channel.

Your feedback is important! It will help determine when the product is opened for the public.

If you are a whitelist participant and need access to this discord channel, DM sifmoon or nomadsif to get added to the channel.
3. At launch, Ledger is NOT supported for opening/closing margin positions.
4. At launch, users can only long ROWAN against TKN. Being able to long TKN against ROWAN should be enabled soon.

Helpful links:
- Product Documentation: https://docs.sifchain.finance/using-the-dex/margin-ui-step-by-step/margin-trading-overview
- UI Demos and YouTube videos: https://docs.sifchain.finance/using-the-dex/margin-ui-step-by-step

Discord Help:
- #start-here a good place to start when getting into Margin Trading at Sifchain
- #brags want to show off a great trade? Post here!
- #whitelist-participants Whitelist crew hang out channel. Help the team shape the product with your inputs.
- #margin-general Open chat about all things margin trading!

Coming Soon:
- nomadsif will be hosting weekly knowledge share sessions on trading education. Watch this space for the date of the first session.

Sifchain Announcements

01 Oct 2022 19:26

Hi all,

The team is working on debugging the exact root cause of the chain halt. We are working very closely with Notional and Consensus One to get the chain back up and running as soon as possible.

Sifchain Announcements

30 Sep 2022 23:45

Chain & DEX Upgrades:
- All actions related to the ATOM:ROWAN pool, including imports/exports, swaps, and liquidity adds/removes have been re-enabled.
- Liquidity Provider Distribution has been set to 7.5%
- DEX Liquidity Protection has been set to 2%, and therefore ROWAN sales have been re-enabled on the DEX up to this DEX liquidity protection threshold.

Known issue: the display of TVL in the DEX and the Pool TVL of the ATOM pool is displaying incorrectly at the moment (this is just a display issue and should be fixed here shortly). 'Your Pool Value' in the ATOM:ROWAN pool is correct.

Liquidity Mining Reward Updates:
- Liquidity Mining Rewards have been re-enabled on the DEX. This week’s rewards, which will last from Today - Tuesday October 4th, will contain rewards that were missed when the chain was up, but LM rewards were turned off. This means that this week’s rewards will act as a ‘catch-up’ week, and next week’s rewards will operate as normal.
- See here for a more detailed explanation: https://www.notion.so/sifchain/Liquidity-Providers-LM-Rewards-Report-2adc77c77b21470190156001ff103a1b#63d77cc9530746f9a6b5714bc4a84314

ATOM:ROWAN Pooler Updates:
- We will be expanding on this post-mortem write-up with additional, more specific technical details, but reference here for a summary of the sequence of events of the exploit and fund remediations for the ATOM:ROWAN liquidity providers https://sifchain.notion.site/Liquidity-Providers-LM-Rewards-Report-2adc77c77b21470190156001ff103a1b
- Fund Remediations have been COMPLETED.

Sifchain Announcements

29 Sep 2022 04:56

Sif’s Day September 28

Chain & DEX Updates
Proposal 117, the software upgrade proposal that will allow the re-enabling of all functionality on the DEX is in its on-chain voting period: https://www.mintscan.io/sifchain/proposals/117.

The software upgrade is planned to go live on Friday, September 30th, US time. After this software upgrade is live, the Engineering team will perform the final steps to fully re-enable the core DEX functionality.

A reminder about what this software upgrade includes:
- Fixes to re-enable all actions related to the ATOM:ROWAN pool, including swaps and liquidity adds/removes.
- Setting Liquidity Provider Distribution to 7.5%
- Setting DEX Liquidity Protection to 2%, re-enabling ROWAN sales on the DEX

Finally, this upgrade includes the updates to the software that are needed to open the access to Margin Trading v1.0 - The Long Game for whitelisted addresses. Engineering will first restore the core DEX functionality before enabling Margin Trading.

Proposals
Beware that Proposal 118 is a SCAM proposal ⚠️

DAO Updates
Join fellow DAO members at 7AM US Pacific Time tomorrow for the SifDAO roundtable. The roundtable is an excellent opportunity to start contributing, get or give feedback, and form teams to work on projects.

Airdrop Announcement for Sifchain Stakers
Harbor Protocol announced an airdrop for Sifchain stakers: https://twitter.com/harbor_protocol/status/1575185168175726592?s=21&t=hofs4EYHodw4m-X0wC4dGg

Sifchain Announcements

27 Sep 2022 19:00

Jazear will be speaking at soon cosmoverse today in at ~9:10am PST!

Watch live here in discord, in the ‘cosmoverse live’ section!

Sifchain Announcements

25 Sep 2022 05:30

Chain & DEX Updates

The software upgrade for returning the dex to full functionality is in testing. Once live, this upgrade will also enable Margin Trading v1.0: The Long Game.

Other Updates

A few business development team members are at Cosmoverse. Stop by the booth to say hello.

Current DEX Status


A reminder on which functionality is enabled on the DEX at this stage of the exploit remediation process:
- Actions with ATOM are off
- Import/export IBC tokens is ON, except ATOM
- Token swaps are ON, except ATOM swaps and swaps selling ROWAN
- Liquidity Mining Rewards and Liquidity Provider Distribution are OFF
- DEX Liquidity protection has been set to 0, meaning that no ROWAN can be sold on Sifchain. This means that swaps ‘from’ ROWAN are currently set to OFF.
- Add liquidity is ON, except ATOM
- Remove liquidity is ON, except ATOM
- Bridging ERC20 tokens to & from Ethereum is ON

Sifchain Announcements

18 Dec 2021 05:27

Hey all, since the initial SifDAO council proposals are going well, we're working on preparing the next set of council proposals.

one of the major open questions, especially in the context of the Marketing Council, is how we can do compensation in a way that is exciting and incentivizing to the community, but also systematic and fair.

We'd love to get some feedback on the questions on compensation that are outlined in the Marketing Council proposal draft here: https://docs.google.com/document/d/1tMeJn25QLe3XuqMx9AZV-NLmwsBI-55tn3BIfHlwH7A/edit#

reshared from https://discord.com/channels/769209144515100693/921103273283428382/921494104863567872

Sifchain Announcements

18 Dec 2021 05:22

🛠 SERVICE ADVISORY

Heya SifFam!

We are currently facing some issues when importing tokens to Sifchain. Exports seem to work fine. Engineering teams are working on it, we will keep you updated.
Sometimes building cutting-edge tech can be a bumpy ride, we appreciate your patience in facing these issues.

Sifchain Announcements

16 Dec 2021 21:26

✨ Announcing the (next) Pools of the People!

1) $ZCX
2) $ETH
3) $LGCY
4) $JUNO
5) $LUNA
6) $ATOM

The current Pools of the People will remain at 300% until these new pools take over. These new pools will take over come Tuesday 12/21 8:00am PST

❗️Ethereum import/exports will be disabled for an upgrade on Dec 17 from 2:30-4:30pm PT.

Sifchain Announcements

16 Dec 2021 02:41

⭐️ $LGCY is now listed on the Sifchain DEX!

While users can swap LGCY on other ethereum-based exchanges, they can now do so on Sifchain for a fraction of the cost.

Head to dex.sifchain.finance, pool $LGCY (and earn 100% APR), and swap!

Sifchain Announcements

14 Dec 2021 15:33

✨ It is time for the next Pools of the People vote!

As a reminder:

- Every 4 weeks, there will be 6 pools that have a ~300% APR. The ATOM:ROWAN pool, and 5 other pools as voted on by the community.
- Every other pool will have a ~100% APR.
- The current Pools of the People (ETH, JUNO, UST, ZCX, ATOM) will continue to earn 300% until 12/21 around 3:00pm PST. On 12/21 3:00pm PST, the newly voted Pools of the People will begin earning 300%.

Voting is now OPEN for the next 5 other pools (outside of ATOM:ROWAN) that will receive 300% APR. To cast a vote, follow the below directions:

- Send a transaction to address sif1seftxu8l6v7d50ltm3v7hl55jlyxrps53rmjl8.
- This transaction should be for .1 ROWAN
- In the memo field, you will indicate the 5 pools you are voting for, separated by commas. Please follow the below directions exactly when inputting information into the memo field:
- List ONLY 5 tokens you are voting for. These 5 tokens should be by their token symbol as listed within the Sifchain DEX, separated by commas, like this: TKN,TKN,TKN,TKN,TKN. An example of this is as follows: ETH,UST,USDC,JUNO,LUNA
- You can list the same token all 5 times if that is what you desire. Example: ETH,ETH,ETH,ETH,ETH.
- Highly recommend you do NOT vote for ATOM as this will be 300% no matter what.
- If you list the 5 tokens in any other format than specified above, there is no guarantee that it will be counted. In order to ensure a successful vote, follow the above format exactly.
- Votes are limited 1 per Sifchain address. So if you submit two transactions, only 1 will be counted.
- The voting period will be open from now until Wednesday 12/15 at 10:00am PST.
- Enabling of the new Pools of the People for 300% APR will happen on 12/21 Tuesday 3:00pm PST.

The vote is valid for 57 hours, starting now!

Sifchain Announcements

11 Dec 2021 09:32

💫 SifDAO Proposal: Inclusion of LUNA into the current Sif Expansion bonus pool program.

➡️ Please vote here: https://discord.com/channels/769209144515100693/915659695212101692/918930619868782653

💫 SifDAO Proposal: Continuation of Sif Expansion program.

➡️ Please vote here: https://discord.com/channels/769209144515100693/915659695212101692/918931186309558323

Please note, the poll is being held on Discord in lieu of holding it on-chain weighted by Rowan because the team has limited bandwidth to host an on-chain vote. These votes appear to be going well and we believe this one will too. However, we will be actively watching Discord votes to make sure everything looks fair.

If anyone is interested in starting a thread to talk through this: please do so here!

Sifchain Announcements

10 Dec 2021 02:47

📢A NEW bridge is coming soon 🙌

@sifchain, an omni-chain #DEX built on @cosmos, and #Nervos will build a #Godwoken x Sifchain bridge 🛠

More on what this means for Nervos’ #blockchain interoperability plans👇 https://t.co/0HmpFBe7cf

Sifchain Announcements

09 Dec 2021 06:29

💫Lots of movement over the past few days!

The first Sif’s side chat, jazzy doing a 1 hour voice memo, LOTS of great input and feedback from the community, our first two DAO councils votes, and announcement of our first team/community town hall! Let’s keep up this great momentum!!

A couple of important things I wanted to pass along in regards to rewards:
1) Payouts will now be done on Monday evenings PST instead in Friday evenings PST. This will go into action this upcoming Monday. This means: there will be no disbursement on Friday, and everyone will have until Monday morning 8am PST to claim before the claim cutoff time (I’ll send a 1-hour countdown message every Monday as a reminder).

2) Our weekly dispensation process hit a few snags this past week due to challenges coordinating activities over the weekend between our engineering team. Rest assured, all claimed rewards are in process of being released completely to all of those that submitted claim events. Again as mentioned in point 1: In order to avoid this in the future, our team will be moving our weekly Claim day to Monday mornings (PST). This will allow the team to get ahead of any potential issues with dispensation and provide clear updates to the community in real time.

3) ALL rewards that are displayed in the UI at this time are accurate. Please reach out to the support team if you have any questions/issues.

TLDR:
- New reward claim cutoff day/time: 8 a.m. PST on Monday morning.
- New Reward payout day/time: Starts 8 p.m. PST on Monday evening and can run up to 11 p.m - 12 a.m. on PST on Monday Evening/Tuesday morning.

As always, onwards & upwards SifFam!

Sifchain Announcements

01 Dec 2021 21:01

✨ SifDAO Announcement!

Hey, Sif Fam! We are pleased to announce the start of the DAO mechanics implementation, for this we created a specific Discord channel, named "SIFDAO". This channel is going to be used to post on various proposals. There will be threads created for each proposal to allow conversation ensue about the proposal and to get feedback (and update with statuses and whatnot). Here are our first 2 proposals:

- Validator Delegation Council: https://discord.com/channels/769209144515100693/915659695212101692/915681004461645904
- Token Listing Council: https://discord.com/channels/769209144515100693/915659695212101692/915682538759004192

Sifchain Announcements

02 Oct 2022 00:28

Hi all,

The chain is back up and running and producing blocks. Peggy bridge has also been re-enabled as well. Other functionality (like partner's integrations) will be ramping back up as well as the day continues.

Thanks to all of our Validators for such quick response times here.

For all validators that have NOT upgraded to the hotfix yet, please do so ASAP. The current slashing window is 7.5 hours. See here the #announcement channel for more details on the upgrade.

Sifchain Announcements

01 Oct 2022 05:32

Update on Margin trading:
- Final checks are looking good. We need a few more people to take a look, sign-off, and then we will open it to all whitelist participants (hopefully this weekend ). I will keep you all updated!

Sifchain Announcements

30 Sep 2022 05:20

Sif’s Day September 29

Chain & DEX Updates
The Engineering team is fully prepared to implement the software upgrade to re-enable the DEX, as soon as Proposal 117 goes live on Friday, September 30 US time. Please keep in mind there will be a time delay between when the proposal is live vs. when the DEX is enabled. This time gap is needed for Engineering to implement all actions associated with the upgrade.

A reminder about what this software upgrade includes:
- Fixes to re-enable all actions related to the ATOM:ROWAN pool, including swaps and liquidity adds/removes.
- Setting Liquidity Provider Distribution to 7.5%
- Setting DEX Liquidity Protection to 2%, re-enabling ROWAN sales on the DEX

Proposal: https://www.mintscan.io/sifchain/proposals/117

Finally, this upgrade includes the updates to the software that are needed to open the access to Margin Trading v1.0 - The Long Game for whitelisted addresses. Engineering will first restore the core DEX functionality before enabling Margin Trading.

Proposals
Beware that Proposal 118 is a SCAM proposal

Sifchain Announcements

28 Sep 2022 04:20

Chain & DEX Updates
The software upgrade proposal that will allow the re-enabling of all functionality on the DEX is now on-chain: https://www.mintscan.io/sifchain/proposals/117.

The software upgrade is planned to go live on Friday, September 30th, US time. After this software upgrade is live, the Engineering team will perform the final steps to fully re-enable the core DEX functionality.

The upgrade includes:
- Fixes to re-enable all actions related to the ATOM:ROWAN pool, including swaps and liquidity adds/removes.
- Setting Liquidity Provider Distribution to 7.5%
- Setting DEX Liquidity Protection to 2%, re-enabling ROWAN sales on the DEX

Finally, this upgrade includes the updates to the software that are needed to open the access to Margin Trading v1.0 - The Long Game for whitelisted addresses. Engineering will first restore the core DEX functionality before enabling Margin Trading.

Cosmoverse
Watch Jazear’s speech at Cosmoverse here: https://www.youtube.com/watch?v=lHe7ptnlmek

DAO Updates
The discussion period to compensate the token listing council members has just been raised: https://discord.com/channels/769209144515100693/921103273283428382/1024371550826270811

Sifchain Announcements

27 Sep 2022 06:43

Chain & DEX Updates

The software upgrade for returning the dex to full functionality is in final testing! Things are looking good at this point. Once the proposal is raised to implement the software upgrade on-chain, the community and the validators will be notified. Once live, this upgrade will also enable Margin Trading v1.0: The Long Game.

Cosmoverse

Jazear is speaking at Cosmoverse tomorrow, Tuesday, September 27, at 930 AM US PST, on Sifchain, Margin trading, Monetary Policies and Peggy 2.0. The event will be streamed live on the Sifchain Discord at discord.gg/Sifchain.

Current DEX Status

A reminder on which functionality is enabled on the DEX at this stage of the exploit remediation process:
- Actions with ATOM are off
- Import/export IBC tokens is ON, except ATOM
- Token swaps are ON, except ATOM swaps and swaps selling ROWAN
- Liquidity Mining Rewards and Liquidity Provider Distribution are OFF
- DEX Liquidity protection has been set to 0, meaning that no ROWAN can be sold on Sifchain. This means that swaps ‘from’ ROWAN are currently set to OFF.
- Add liquidity is ON, except ATOM
- Remove liquidity is ON, except ATOM
- Bridging ERC20 tokens to & from Ethereum is ON

Sifchain Announcements

19 Dec 2021 02:27

⭐️A few important updates in imports:

- Imports from all chains are functional!
- Ledger imports via IBC are disabled for the time being and a fix is still in progress.

Thank you!

Sifchain Announcements

18 Dec 2021 05:25

🏛Elections are now OPEN for our first 2 DAO councils!

​🚀 SifDAO Token Listing Council
​🚀 SifDAO Validator Delegation Council

Head to the 🏛-proposals on discord channel and place your votes!

Sifchain Announcements

17 Dec 2021 01:47

👉FALSE ALARM. Ethereum import/export will NOT be paused tomorrow. Please carry in with importing and exporting as you please 😀

Sifchain Announcements

16 Dec 2021 02:43

🥳We've got some preliminary voting results! Remember, top 5 get the 300%!

As SifDAO matures, we strive for our governance to be driven by merit. As such, we are considering novel ways to most fairly distribute voting power in community decisions.

We would love to hear all of your ideas on this. Some ideas being considered by the SifCore team:

- Quadratic voting
- Burn-incentivized deflationary voting (the more tokens you burn in a vote, the more voting power you get, at a 2x-100x multiplier)
- 1.5x-5x voting power for our bullish delegators
- A multiplier for chads who both stake and pool (3,3)

Sifchain Announcements

14 Dec 2021 16:41

💫 Sifchain Townhall starts in a 20 min!

Join the Discord server and click on "Town Hall", right above Sif Radio, to enter the meeting with the team.

https://discord.gg/W3nv8QRt

Sifchain Announcements

14 Dec 2021 02:26

🌟Both of the SifDAO Council proposals have passed!

Token Listing Council proposal: 81 Yes - 10 No
Validator Delegation Council proposal: 73 Yes - 16 No

Applications are now open for potential council members.

Please submit your application for either the Token Listing Council, the Validator Delegation Council, or one application for each council by Weds 12/15 at 5pm PST. Submit here: https://forms.gle/RFpAPqCFMm9ysjCJ9

If you have someone who you think would be a great representative for the community's interests, please encourage them to apply. We will begin the election process later next week after applications are in.

Sifchain Announcements

10 Dec 2021 17:47

💫 More details about the partnership with Nervos!

https://www.newsbtc.com/news/company/sifchain-partners-with-nervos-as-part-of-omni-evm-movement/

Sifchain Announcements

09 Dec 2021 14:48

⭐️ Sifchain welcomes the community to our first official Townhall!

Our CEO, Jazear, will be speaking about the future of Sifchain and its progression towards deep margin trading. We will be giving the community time to speak and interact with the Sifchain team as we will address your ideas, thoughts, and concerns.
Tuesday, Dec. 14th 8am (Pacific Standard Time)
Please reach out to nomadsif on Discord to request a chance to speak or to submit questions.

Sifchain Announcements

02 Dec 2021 13:46

⭐️ Announcing: Sif Side Chats!

We would like to announce a new series, Sif Side Chats! Every week, there will be a question posted to the Discord channel of 💬# sif-side-chats, that is meant to encourage healthy conversation, debate, and knowledge sharing. It will be a dedicated place where the community and core Sifchain members will come together and engage in a conversation centered around that week's question. We are excited to kick this off with you all and are currently aiming at the first question to be posted on Tuesday, December 7th! We will post the exact time when it comes sooner so you can all set your alarms accordingly 🙂

In the meantime, we want to hear from YOU! Please post specific questions to be considered for future Sif Side Chat discussions. Go to the new channel of 💬# sif-side-chats, go to the thread of Question Proposals, and tag #SifSideChats with your questions, and we will add them to our list to be selected as discussion topics!

Sifchain Announcements

29 Nov 2021 03:46

✨ Sif's Expansion is about to enter its second week!

Let's keep spreading the news!! 🚀

https://twitter.com/sifchain/status/1465092073422524428