Sifchain Announcements

04 Nov 2022 22:08

Hi all,

Within the next ~30 minutes, the following will take place:

1. ROWAN exports will be disabled.
2. All margin trading activity will be disabled. All open positions will be closed.
3. Liquidity Provider Distribution will be set to 10% for about 10 days.
4. The dynamic min swap fee will be enabled.
5. ROWAN swaps (to and from) will be re-enabled.
6. DEX Liquidity Protection will be set to 2%.

Sifchain Announcements

03 Nov 2022 00:54

Hi all,

DAO Updates:
- Prop 134 to adjust the community tax accordingly based on the successful passing of Prop 130 is up: https://www.mintscan.io/sifchain/proposals/134.

DEX Updates:
- Reminder that software upgrade v1.0.14-beta will go live in roughly ~6 hours.

90-day Plan Updates:
- Come Friday Nov 4th, the following steps of the 90-day plan will take place:
1. ROWAN exports will be disabled.
2. All margin trading activity will be disabled.
3. LPD will be set to 10% for about 10 days.
4. ROWAN swaps (to and from) will be re-enabled (due to the dynamic min swap fee being active).

Sifchain Announcements

30 Oct 2022 22:35

Hi all,

An updated version of the 90-plan has been completed and can be found here: https://docs.google.com/document/d/19gthdcHry6GvMj9rauggkoWDUPdsPPKoipHFtGP6IAI/edit

This plan has the following major components in it:
1. A clear & concise product roadmap for the foreseeable future, including: Deep Margin, Order Book functionality, Improves UX, Dynamic swap fee, Asymmetric liquidity adds, Peggy 2.0, and CosmWasm.
2. The final round and wind down of monetary policies.
3. The DAO proposals that will Sifchain propel forward
4. Increased decentralization of strategic decision making through the SifDAO:Sifcore council, & the removal of any/all single points of control.

Please read the plan carefully, as it covers a lot of feedback from the community.

Sifchain Announcements

29 Oct 2022 15:52

Hi all,

All ROWAN exports have been re-enabled. The unbonding time has also been updated to be 6 hours. This period of time will last about ~72 hours before the 90 day plan officially begins.

An updated 90 day plan, including additional context on the product roadmap and increased decentralized leadership through the sifdao:sifcore group will be posted soon.

Sifchain Announcements

22 Oct 2022 03:11

Hi all,

DAO Updates
There are 3 new DAO Proposals that started their discussion period (of 5 days) today:

- Set MainNet to November 1st:
https://discord.com/channels/769209144515100693/921103273283428382/1033086481994096792, https://commonwealth.im/sifchain/discussion/7298-mainnet-nov-1
- Ecosystem Fund Proposal: https://discord.com/channels/769209144515100693/921103273283428382/1033102845647523901, https://commonwealth.im/sifchain/discussion/7299-5bnew5d20sifdao20proposal3a20revised20tokenomics
- Staking Inflation Reduction:
https://discord.com/channels/769209144515100693/921103273283428382/1033114950283046982, https://commonwealth.im/sifchain/discussion/7300-5bnew5d20sifdao20proposal3a20reduce20inflation

DEX Updates & The Next 90 Days
Jazzy has posted a plan for the next 90 days. At this point in time, it is open for feedback. There will be additional announcements made on when the 72-hour window will start and when the 90-day plan will begin.
https://discord.com/channels/769209144515100693/921103273283428382/1033160870504697946

Sifchain Announcements

19 Oct 2022 07:15

Hi all,

Just an update on things:

- Smaller shallow pools have been disabled. For these disabled pools, you cannot interact with it at all. This means no swapping, no removing liquidity, no adding liquidity.
- Fully enabled pools include:
"atom",
"usdc",
"eth",
"juno",
"dai",
"akt",
"wbtc",
"osmo",
"usdt",
- The current unlock period for liquidity has been set to 3 days currently. This should be only for short term and adjusted soon.
- Peggy should be fully function.
- IBC should be fully functional as well.

Please reach tag any of our community managers if you are seeing otherwise on anything mentioned above

Sifchain Announcements

17 Oct 2022 22:28

Hi all,

Today at 6pm PST Jazear will be holding a AMA to discuss a few key topics, and to take questions from the community. We normally like to give at least a few days notice for a AMA, but we wanted to hold this one today to discuss important events for this week, as well as get community involvement on a few important topics:

1) Monetary policies: current settings, future settings, and larger purpose.
2) Proposal to begin vesting schedule for Investors on Nov 1st
3) Ecosystem Fund Proposal

Please submit any questions you have ahead of time here: https://pollev.com/sifdao

Also, in roughly ~6 hours the below parameters will be set:
- DEX liquidity protection: 2%
- Liquidity provider distribution: 1%

Sifchain Announcements

15 Oct 2022 12:17

In roughly 2-24 hours, the below adjustments will be made to the monetary policies:
- DEX Liquidity Protection: Change to 0.2%
- Liquidity Provider Distribution: 0.75%

Interest rates will get a corresponding reduction as well, check the UI for details.

These policy settings will stay in place until the next software proposal is live with the ability to set dynamic min swap fees.

We will be expanding on the dynamic min swap fee addition, but a brief overview of it is below.

A 'Dynamic Min Swap Fee' will create an environment that will benefit liquidity providers. With a dynamic minimum swap fee, it will take profit that is being currently being gained via arbitragers, and retain it in the pool for liquidity providers. For example, when a swap happens from ROWAN to ATOM, ROWAN goes into the pool and ATOM comes out of the pool, net any swap fees that remain in the pool. With the dynamic minimum swap fee, more of ATOM (in this case) will be retained in the pool for liquidity providers during times when swappers are willing to pay high swap fees to execute their swap. The dynamic minimum swap fee is set and adjusted in real time based on the demand by swappers to pay that minimum fee.

A more formal write-up explanation will be provided with about this fee. We believe that this fee will
a) bring more value to liquidity providers (see a post here that covers estimated numbers under example conditions which equates to an additional 150% APR to pools as non-inflationary compensation),
b) help close the arbitrage gap of ROWAN between Sifchain and other exchanges.

Sifchain Announcements

13 Oct 2022 05:09

💫 Sif's Day October 12💫

Communications
NEW Medium Article live now. Check out the updates on Sifchain project progress in September & early October, including Margin Trading, trading education, Sifchain in CoinTelegraph, and more. https://medium.com/sifchain-finance/sifchain-mid-oct-update-margin-trading-launched-learn-trading-sifchain-in-cointelegraph-more-cc0fe249e79b

Trading Education
NOW LIVE: Basics of candlestick charts, trading education episode 3! Reading candlestick charts can help you become a better trader & investor. Join Nomad <@409097236925120512> as she walks through the basics on candle charts.
Watch: https://medium.com/sifchain-finance/margin-trading-education-episode-3-candlestick-charts-8f6810d9d885

DAO
The next SifDAO Town Hall is Friday, October 14, at 12PM PST. Join on Discord at http://discord.gg/sifchain to hear about DAO & project updates.
Discord people, here is the event link to automatically notify you when the event is starting: https://discord.com/events/769209144515100693/1020393582030499993

DEX Updates
- Pool stats, Pools page, margin APYs and margin page should all be loading accurately.
- The ‘price impact’ from opening a margin trade has been included on the margin open position screen.
- Reminder: the next software upgrade proposal is ETA to be raised on Friday, October 14, with a go-live date estimated Monday, October 17. This release will 1) provide the ability to set a minimum swap fee and 2) allow users to long ATOM/ETH/USDC against ROWAN.
- The team is in talks with CoinGecko to get the ROWAN price feed corrected on their end.

Sifchain Announcements

11 Oct 2022 23:21

Hi all,

Just a quick update: We are facing some issues on our data feeds to the DEX. This impacts the pools page, pool stats, and margin page. We are working on deploying a fix.

Sifchain Announcements

11 Oct 2022 06:22

💫Sif's Day October 10💫

Margin Trading
The ATOM:ROWAN pool has a total of ~219% APY as of the time of this writing. ~30% of this is non-inflationary APY generated by margin trading! 183% is normal inflationary APY from the ongoing Sif’s Ascension rewards program.

Check out the latest results from open MTPs: https://twitter.com/sifchain/status/1579664410846539776

The whitelist to access the margin trading platform is NOW OPEN once more. Send a DM to Sif Moon or to a Community Manager to get added to the whitelist.

Reminder: Margin trading magnifies both potential gains and losses. You are responsible for managing your risk in trading.

Communications Updates
Join us tomorrow, October 11, at 3PM CET for an AMA with Leap Wallet in Discord.
This AMA was originally scheduled in September and has been moved to tomorrow, October 11.
-- Location: discord.gg/Sifchain
-- Time: October 11, 3PM CET

Trading Education
Episodes 1 & 2 are now on Medium. Learn about the basics of margin trading and the core concepts of Fundamental Analysis and Technical Analysis.
-- https://medium.com/sifchain-finance/new-series-premiere-margin-trading-education-episodes-1-2-119d21535dc1

Sifchain Announcements

08 Oct 2022 01:28

Hello everyone,

We have introduced a temporary 3-hour unbonding time on liquidity removals. This means when withdrawing liquidity:
- You submit an unbond request. That will sit in an unbonding status for 3 hours.
- After 3 hours, you can fully withdraw your now unbonded amount.
- You will have 24 hours to fully withdraw your unbonded amount before it will get automatically re-bonded.

This should be something that’s temporary and we will announce once it has been lifted.

Sifchain Announcements

07 Oct 2022 18:13

A letter from Jazear.

Dear SifDAO Contributors:

Thanks to the hard work by our team, margin trading launched recently. We’ve received incredibly positive feedback on the look and execution of the platform. Moreover, the platform is performing as anticipated. Lots of traders have taken out substantial double digit profits, please see other announcements for more specific stats. We continue to refine the protocol to improve performance, including methods by which Rowan swaps on Sifchain can be performed more easily by average users while retaining the essence of our monetary policies.

Now that we have successfully launched margin trading, I am writing this letter to outline the current State of Sifchain, discuss certain key initiatives, and announce some changes we are making that includes increased authority delegation to the DAO and oversight of treasury management. Although I write this letter during a significant bear market and understand that some are concerned about the current price of ROWAN, I can assure you that our team is working diligently, and all are focused on the long-term growth of Sifchain. We take this responsibility seriously, and I am very proud of our team for what they have achieved.

The release of margin, along with our updated monetary policies, should bring real revenues to the protocol and marks a key milestone for Sifchain. Next on the agenda is Peggy 2. Significant progress has been made on Peggy 2 and we are in the final stages of testing and going to begin integration. We believe the combination of margin and Peggy 2, will be the perfect one-two punch to propel Sifchain into the future. In addition to these two features, there are several other key initiatives planned like a new v3 DEX, updated branding, orderbook, and a strong marketing campaign with ads and giveaways.
The key initiative I’m most excited about however, is the new SifCore/SifDAO Committee. For some time now, I have wanted to seek more engagement from the DAO, but have been pre-occupied with margin. Recently I have had many conversations with a few hard-working and intelligent members of the DAO that share my dedication for the success of Sifchain. In fact, I was quite surprised, and a bit humbled, by their commitment. With their input, we were able to submit a proposal for the new SifCore/SifDAO Committee which will improve communications and transparency between Sifchain leadership and the DAO. This committee is just one step in what I see as an evolving process of additional DAO contributions to, and authority over, Sifchain. Currently we are engaged in ongoing discussions about various revenue generation opportunities for both the DAO and SifCore.

Moreover, I worked with these DAO members on the introduction of the Revised ROWAN Tokenomics & Ecosystem Fund proposal. We are committed to a fair and transparent ecosystem and this proposal will give the DAO more power in fund management of the DAO treasury and more clearly define the ecosystems fund’s standards of use. This new proposal, with the release of margin and Peggy 2, will pave the path to sustainability of Sifchain.

We expect the launch of margin trading and the implementation of strong monetary policies to generate revenue which will have a substantial positive impact on our treasury holdings. Sustainability for the continued development of Sifchain is dependent on these revenues and the price of ROWAN. If the protocol is unable to generate real revenue to maintain the development of the project, the core team will either raise additional funding or sell ROWAN. In both cases the expected impact on the markets lessens as the amount of liquidity increases, or the value of ROWAN increases. Likewise, if ROWAN’s token value increases, the runway for project development also increases.

In order to raise sufficient funding for continued operations while the monetary policies and margin trading begin to generate revenue, the core team will need to sell additional ROWAN.

Sifchain Announcements

06 Oct 2022 06:27

💫Sif’s Day October 5 💫
Margin Trading Product Updates
Engineering is working on these updates for the next deployment:
- Rowan as MTP collateral to allow for longing TKN against ROWAN
- Minimum fee for a swap

Trading Education
Margin Trading Education Episode 2 is now live! The topic of this episode is Technical versus Fundamental Analysis. TA & FA are the two main types of analysis that traders use to evaluate whether they believe the value of an asset is likely to go up, down, or stay the same over time.

Watch the video & join the Discord discussion: https://discord.com/channels/769209144515100693/1027321824910000169

DAO Updates
- The proposal to set up a SifDAO<>SifCore Communications Committee is now open for a discussion period! The purpose of this committee is to improve communication and transparency between Sifcore leadership and the DAO. Review and add your inputs here: https://discord.com/channels/769209144515100693/921103273283428382/1027028279422619709
- SifDAO Validator Delegation Council released a new site: https://sifchain.vnodes.info/. The website contains information about all important dates for the delegation program as well as other functionality like a mailing list, feedback form, and application portal. Applications for the next delegation round open on November 2nd.

Sifchain Announcements

04 Oct 2022 15:49

📣 Маржинальная торговля 📣
Если вы пропустили новость: платформа маржинальной торговли РАБОТАЕТ для кошельков из белого списка🔥 Трейдеры сообщают о приросте в размере +28%++ 🚀🚀

Посетите канал BRAGS в Discord чтобы узнать об их успехах.

Начните торговать СЕЙЧАС: https://sifchain-margin.redstarling.com/

Обновления маржинальных продуктов
Продукт будет открыт для публики и удалит требование белого списка, как только ошибки будут устранены. Это означает, что чем БОЛЬШЕ трейдеров из белого списка используют платформу, тем БЫСТРЕЕ она будет открыта для публики!

Кроме того, инженеры усердно работают над исправлением ошибок. На данный момент исправлены ошибки:
- Добавление ликвидности ИСПРАВЛЕНО. Вы снова можете добавить ликвидности в любой пул! Пользовательский интерфейс неправильно рассчитывал коэффициент пула и не допускал нормального добавления ликвидности. Не стесняйтесь добавлять ликвидность прямо сейчас во все пулы!
- Close modal теперь показывает всю точную информацию.
-Remove liquidity modal and add liquidity modal, теперь отображает точную информацию в пользовательском интерфейсе для значений открытия маржинальной позиции.
- Незначительные исправления ошибок в значении, отображаемом в пользовательском интерфейсе для значений открытия маржинальной позиции.

Sifchain Announcements

04 Nov 2022 02:20

Hi all,

90-day Plan Reminders
- Tomorrow, November 4th, the following actions will take place:
1. All ROWAN exports will be disabled. This means no export via IBC or via Peggy.
2. All margin trading activity will be disabled. All open positions will be closed.
3. Liquidity Provider Distribution will be set to 10% for about 10 days.
4. The dynamic min swap fee will be enabled.
5. ROWAN swaps (to and from) will be re-enabled.
6. DEX Liquidity Protection will be set to 2%.

Sifchain Announcements

01 Nov 2022 01:24

Hi all,

DAO Updates:
- Proposal 130: SifDAO Proposal: Revised Tokenomics and Ecosystem Fund https://www.mintscan.io/sifchain/proposals/130 has passed.
- Proposal 131: SifDAO Proposal: Set MainNet to November 1st, 2022 https://www.mintscan.io/sifchain/proposals/131 has passed.

DEX Updates:
- Proposal 132 has been raised! https://www.mintscan.io/sifchain/proposals/132. This will allow the parameterization of a dynamic swap fee.

OTHER UPDATES:
- The 90-day plan will officially kick-off on November 2nd, 2022. This means come that date the following will occur:
- ROWAN exports disabled
- LPD will be set to 10%
- Rowan buys & sells will be disabled
- All margin activity disabled
- Please refer to the 90-day plan here to see when specific actions will be re-enabled: https://docs.google.com/document/d/19gthdcHry6GvMj9rauggkoWDUPdsPPKoipHFtGP6IAI/edit?usp=sharing

Sifchain Announcements

29 Oct 2022 21:46

Hi all,

UPDATED!!!

All ROWAN exports have been re-enabled. The unbonding time has also been updated to be 6 hours. This period of time will last about ~96 hours before the 90 day plan officially begins.

An updated 90 day plan, including additional context on the product roadmap and increased decentralized leadership through the sifdao:sifcore group will be posted soon.

Sifchain Announcements

29 Oct 2022 08:35

Hi all,

DAO Updates:
There are 2 new proposals on-chain now, both of which incorporate feedback from the community:

1) Revised Tokenomics & ecosystem fund: https://www.mintscan.io/sifchain/proposals/130
2) Set MainNet to November 1st:
https://www.mintscan.io/sifchain/proposals/131

DEX Updates & the next 90 days:
- Final touchings are being made to this before the final version is posted. The start of this 90-day plan should begin very soon, starting with the re-enabling of ibc exports. An announcement will be made once these are re-enabled.

Thanks to the entire community and vocal members of the DAO for contributions on the above items.

Sifchain Announcements

21 Oct 2022 02:14

Hi all,

The current status of the DEX is as follows:
- All TKN’s are disabled for the actions of
swap, add/remove liquidity, and Margin trade, except for the following 'enabled list':
- ATOM, USDC, ETH, JUNO, DAI, AKT, WBTC, OSMO, USDT
- All tokens on the enabled list above are available for swaps between each other
- All tokens on the list above are available for IBC.
- ROWAN - can be imported, cannot be exported, no swapping to or from ROWAN.
- You can add liquidity with ROWAN and the tokens in the enabled list above.
- Removal of liquidity currently has a 30-day unbonding period set.
- IBC tokens not on the enabled list - no imports/exports, no swaps, no trades.
- All ERC-20 tokens can still be imported/exported via Peggy
- ERC-20 tokens are not eligible for swap, add/remove liquidity, or margin trade unless on the above 'enabled' list

Over the past few days, the team has focused on the following:
1) Deployment of Software Upgrade v1.0.13-beta.
2) Finishing on another software upgrade proposal that will allow the full enabling of dynamic swap fees. This should be raised soon.
3) The writing of several DAO proposals in partnership with SifDAO, all of which will be posted for a discussion period very soon.
4) A 90-day plan that outlines the current state of affairs, immediate next steps with all DEX functionality, and the route that will be taken for the next ~90 days.

The DAO-proposals and the 90-day plan will be released by key SifDAO members & Sifcore leadership soon.

Sifchain Announcements

18 Oct 2022 23:02

Hi all,

Certain functionality on the DEX is being momentarily paused as to investigate certain behavior.

We will post on here as things become re-enabled.

Sifchain Announcements

15 Oct 2022 21:18

Hi all,

Thanks for the flag on the reminder of the acceptable ranges that distribution and protection can be set between.

In ~6 hours the below parameters will be set:
- DEX liquidity protection: 1%
- Liquidity provider distribution: 3.75%

Sifchain Announcements

15 Oct 2022 01:54

💫Sif's Day October 13💫

DEX Updates
- Engineering deployed a patch earlier this week with key software changes from the Cosmos IBC Cosmonaut team. These changes are being implemented on all Cosmos chains to improve IBC security & functionality.
- They are continuing work on the software upgrade that contains key adjustments to DEX functionality, including the implementation of a minimum swap fee, plus the next margin trading feature of ATOM/ETH/USDC longs against ROWAN.

DAO Town Hall
The October DAO Town Hall is Friday, October 14, at 12PM PST. Join on Discord at http://discord.gg/sifchain to hear about DAO & project updates.
-- Submit questions in advance at https://pollev.com/sifdao.

Margin Trading
Margin Traders continuing to show lots of green Check out their results: https://twitter.com/sifchain/status/1580694968967929856

The platform is open to whitelisted wallets. DM your wallet to a Community Manager or to Sif Moon @sif_moon to get added.

Communications
NEW interview with Sif Moon LIVE on margin trading and all things Sifchain. Check it out on YouTube: https://youtu.be/e983tME8gXI.

Sifchain Announcements

12 Oct 2022 05:03

💫Sif's Day October 11💫

DEX Updates
- The pool stats page, pools page, and margin page are not loading properly due to an API and SQL query issue. Data services is addressing the root issue to deploy the fix.
- The next software upgrade proposal is estimated to be raised on Friday, October 14, with a go-live date estimated Monday, October 17. This release will 1) provide the ability to set a minimum swap fee and 2) allow users to long ATOM/ETH/USDC against ROWAN.

Communications Updates
- A big thank you to the team at Leap Wallet, who stopped by Discord yesterday for an AMA! Check out the AMA, see a demo of their sleek all-in-one Cosmos wallet, and learn about their development philosophy: https://youtu.be/dNGq5LdNl-0
- Leap offered alpha list spots to the Sifchain Community to test their new mobile app. Contact them at https://twitter.com/leap_cosmos to get started.

Community Guidelines Reminder
Hey everyone, there are new faces around here. Welcome! A quick refresher on community guidelines that are used in moderation:
- The team prefers not to police conversations when they’re important and relevant to the project. It shows that the community cares.
- At the same time, if a community member is blatantly rude to other community members or to team members, including name-calling, discrimination, harassment, insulting others, or using excessive curse words, the team will moderate the conversation. Please don’t make us do that, everyone has a right to have their voice.
- A warning and/or a mute will happen before a ban.
Thanks again for all the time and work you put into making this project better. The community is such a big part of this project and we really hope you guys know how much your participation means to us.

Sifchain Announcements

11 Oct 2022 12:57

Margin trading positions are not showing in the UI due to an API issue. Devs have been notified and are working on a fix.

Sifchain Announcements

08 Oct 2022 03:04

💫 Sif's Day October 7💫

Margin Trading
- Open MTPs from margin traders continue to have great results (See screenshot):
- Unweighted average profit on open positions +40.7%.
- Weighted average profit +31.6%.
- Trade now at https://sifchain-margin.redstarling.com/margin
- If you want to be added to the whitelist, DM sif_moon with your sifchain wallet address.

*Reminder: Margin trading magnifies both potential gains and losses. You are responsible for managing your risk in trading.*

Share and spread the on twitter: https://twitter.com/sifchain/status/1578380165981229056

Get Educated
- Make sure to check out the margin educational material put together by nomad
- Check them out on Discord at https://discord.com/channels/769209144515100693/1026902573707440188

DEX Upgrades
- A temporary 3-hour bonding period was put in place on liquidity removals. This is only temporary and we will announce when removed.

SifDAO
- SifDAO is collaborating with SifCore to set up a shared committee to improve communication and transparency between Sifcore leadership and the DAO. There is a proposal in the discussion period about this committee. Review and add your inputs here: https://discord.com/channels/769209144515100693/921103273283428382/1027028279422619709
- Check out the Jazzy letter sent to SifDAO from earlier! https://discord.com/channels/769209144515100693/773772812019564574/1027964158404218880

Sifchain Announcements

07 Oct 2022 18:13

While I know this may be a hard pill to swallow, this will be done carefully so as to not obstruct ROWAN’s growth. It is not our intent to devalue ROWAN but rather work within the current parameters to sustain operations at this time. Please note, however, that no sales will be made by circumventing DLP. All sales will be made on markets available to anyone.

Finally, I would like to give an update on the ecosystem fund. At Sifchain’s launch, 250M ROWAN were reserved for the ecosystem fund. This fund was meant to drive the growth of the Sifchain protocol and has been used for initiatives such as liquidity mining rewards, bug bounty payouts, protocol loaned liquidity, and validator delegations. Approximately 100M ROWAN remain in the ecosystem fund. As we have previously stated, a review of all treasury funds is in progress by our new accountants. We will provide additional detail on the ecosystem fund after their review is complete. In addition to reviewing the treasury, the accountants are conducting a major overhaul of our accounting processes and procedures and preparing year-end tax reconciliations and returns. On October 1st, accounts payable and related operations were handed over to the new accountants. Moreover, I have instructed our attorneys to work closely with the accountants to oversee future treasury management.
We are at a pivotal point in the development of Sifchain. Key initiatives which delegate increased power and authority to SifDAO are coming to a head. A discussion period for two proposals has been raised alongside the release of this letter. Both proposals increase the role SifDAO plays in the prolonged development and maintenance of the Sifchain protocol. We look forward to SifDAO’s increased ownership and participation in the stewardship of the Sifchain protocol as key milestones are met in the coming months and community confidence is secured.

Sifchain Announcements

07 Oct 2022 07:34

💫Sif’s Day October 6 💫

Margin Trading
Open MTPs from margin traders are showing epic results.
- Unweighted average profit on open positions +29%.
- Weighted average profit +17.30%.
Read about the math on Twitter: https://twitter.com/sifchain/status/1578250319418785794

Trade now at https://sifchain-margin.redstarling.com/margin.

Reminder: Margin trading magnifies both potential gains and losses. You are responsible for managing your risk in trading.


Communications Updates: New Interview Live
Unicrypi crypto YouTuber dropped a hot new interview with Sif Moon @sifmoon about margin trading and all things interoperability. Check it out: https://twitter.com/sifchain/status/1578201160217133056](https://twitter.com/sifchain/status/1578201160217133056

Trading Education
Sifchain’s Discord Community Lead Nomad @nomad sif دانا is dropping educational content every week to help you become a better trader.

Episode 1 covers an introduction to how margin trading works, and Episode 2 discusses fundamental and technical analysis, the two main types of analysis that traders use to make calls.

Check them out on Discord at https://discord.com/channels/769209144515100693/1026902573707440188

DEX Upgrades
An upgrade to Liquidity Provider Distribution has been made to improve its accuracy.

SifDAO
SifDAO is collaborating with SifCore to set up a shared committee to improve communication and transparency between Sifcore leadership and the DAO.
There is a proposal in the discussion period about this committee. Review and add your inputs here: https://discord.com/channels/769209144515100693/921103273283428382/1027028279422619709

Sifchain Announcements

05 Oct 2022 06:03

💫 Sif’s Day October 4 💫

Sifchain in the News:
Jazear was interviewed for CoinTelegraph on the flow between TradFi and digital assets. Congratulations to him on this fantastic feature!
https://cointelegraph.com/news/blurring-the-line-between-crypto-and-tradfi-could-redefine-global-finance

Trading Education
Trading Education is now LIVE! Many of you were excited about the margin trading platform and said that you wanted to learn how to trade. We have heard you!

Our very own Nomad nomad sif دانا will be sharing videos in Discord to help you learn the basics of trading. While the videos will review key skills you need to be successful in all crypto trading, they will have a special focus on margin trading so that you can learn to trade with ease on Sifchain’s platform. We'll see your epic trades in the Brags channel 📈│brags soon

The first trading education video is Intro to Margin. Watch it on Discord in the channel Margin Newbs 📈│margin-newbs at https://discord.gg/pDw7JZj6

Margin Trading Product Updates
Engineering is polishing the whitelisted platform. They are working towards lifting the whitelist requirement to open full public access to the product.

Updates completed:
- Pool Balances should all be displaying correctly in the pools page and in the remove modal.
- Open & Close positions are now displayed in both mintscan and bigdipper block explorers!

Updates in progress:
- Ledger support for opening/closing a position
- Being able to long TKN against Rowan positions.
- Updating Margin APY to be Margin APR on the platforms

Sifchain Announcements

04 Oct 2022 06:47

📢Margin Trading 📢
In case you missed the news: The Margin Trading platform is LIVE for whitelisted wallets Traders are reporting gains like +28%++

Check out the BRAGS channel on Discord 📈│brags to see their wins. Will YOU be one?

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

Margin Product Updates
The product will open to the public & remove the whitelist requirement once bugs are finessed. This means that the MORE whitelist traders use the platform, the FASTER it will open to the public!

Plus, Engineering is hard at work on bug fixes. Bugs fixed so far:
- Liquidity adds are FIXED. You can once again add liquidity to any pool! The UI was mis-calculating the pool ratio and was not allowing normal liquidity adds. Feel free to add liquidity now to all pools!
- Close modal now shows all accurate info.
- Remove liquidity modal and add liquidity modal should show accurate info.
- Minor bug fixes on the value displayed on the UI for the opening values of a margin position.