Hi everyone, We’d like to give an update on the dynamically updating swap fee for Rowan sales on Sifchain. Please recall the feature was deployed to allow poolers to retain as much liquidity as possible while substantial arbitrage occurred for Rowan between Sifchain and other chains. Setting the fee entirely to the same as other tokens on Sifchain could lead to a massive quick reduction in TVL. However, this is an opportune time to reduce the maximum from 100% to 25% as Rowan is trading much more closely on Sifchain and other exchanges. Please stand by for an announcement when this change is complete. Note that the actual Rowan swap fee decrease incrementally over the duration of each epoch and then resets to the max from one epoch to the next. We are also working on a UI update to more clearly identify the impact of the dynamic swap fee. The amount in the “To” slot needs to be updated to the amount in “Min Received” for Rowan -> TKN sales as a lot of folks are getting confused. Thanks again for your support of Sifchain, have a great Thanksgiving weekend for those celebrating

Hi all, An update on the next software deployment: - Features: 1) Enable asymmetric liquidity adds. 2) UI updates on more clearly showcasing: a) Swap Fee amount during swaps and b) Swap fee amount when doing a liquidity add (especially important during asymmetrical liquidity adds) - Timing: Running into a few snags on final test cases. Hopefully some updates over the weekend.

Hi all, An update on the next software deployment: - Features: 1) Enable asymmetric liquidity adds. 2) UI updates on more clearly showcasing: a) Swap Fee amount during swaps and b) Swap fee amount when doing a liquidity add (especially important during asymmetrical liquidity adds) - Timing: Aiming at raising proposal tomorrow or day after.

Update from Bucky Please join us for a comprehensive update from the project. We will bring everyone in sync with our status, and what the path of head looks like. We hope to see you there. Check Date and Time Here:

discord.com

TOP PROJECTS ON #COSMOS ECOSYSTEM BY MONTHLY TOTAL TXS Let's shout out to the top projects in the last 30D below 👇 @Umee_CrossChain @BandProtocol @terra_money @Injective_ @TeamKujira @osmosiszone @sifchain @EvmosOrg @axelarcore #ATOM $ATOM

Hi all, At this point: - Liquidity Provider Distribution is at 2% - Liquidity Protection is at 10%

Hey guys! Please be aware that swaps can be too expensive because of the dynamic swap fees, the commission can take most of the exchanged tokens. Be careful.

Hi everyone! Many of you mentioned that you were excluded from the Price talk group. Unfortunately we had sabotage among the moderators of the group, which led to the removal of all participants. The problem has been solved and anyone, who wants to join in, to chat about prices in a less moderated vibe - welcome🙂 👉

t.me

Hi all, Just a reminder: - IBC and the ability to export ROWAN to osmosis is enabled. - LPD will continue to be reduced 1% each day until it gets to 2%. - DLP will continue to increase each day until it gets to 10%. - All sifs ascension rewards are now deposited directly to users wallets.

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%.

Hi all, DAO Updates: - Prop 134 to adjust the community tax accordingly based on the successful passing of Prop 130 is up:

www.mintscan.io

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).

Great to have so many Cosmos projects: @osmosiszone @JunoNetwork @informalinc @EclipseFND @SeiNetwork @sifchain @akashnet_ . Thanks to @davidfeiock for agreeing to moderate the security panel and @draper_u @alumniventures for the space.

Hi all, DAO Updates: - Proposal 130: SifDAO Proposal: Revised Tokenomics and Ecosystem Fund

www.mintscan.io

has passed. - Proposal 131: SifDAO Proposal: Set MainNet to November 1st, 2022

www.mintscan.io

has passed. DEX Updates: - Proposal 132 has been raised!

www.mintscan.io

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:

docs.google.com

With feedback from SifDAO, an updated 90-day plan has been posted:

t.co

1) Clear & concise product roadmap 2) Final round and wind down of monetary policies 3) DAO proposals 4) Decentralized strategic decision making via SifDAO:Sifcore council

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.

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:

www.mintscan.io

2) Set MainNet to November 1st:

www.mintscan.io

**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.

Guys please stay tuned for an announcement on the re-enabling of IBC. The announcement will potentially come as soon as tomorrow

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.

Quick Video Guide: How to Use Sifchain.JS to Export Tokens from Sifchain to Cosmos & EVM Chains SifchainJS allows developers to use Sifchain's core tech without running a node. This quick walk-through shows how to get started in less than 5 minutes:

t.co

Sifchain is now in the Pulsar Finance app! Their portfolio viewer now shows your Sifchain wallet balance and validator staking. 👉

t.co

Thank you @PulsarFinance !

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

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.

Check the replay of the October SifDAO Town Hall, where SifDAO councils share details of what they've been working on, and Sifchain co-founder @JazearBrooks shares insight around margin trading and the product roadmap. ▶️https://t.co/D3blMePf8Q

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:

pollev.com

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

Cosmos Devs - Today, Oct.17, Sifchain’s Developer Relations Engineer @cryptodandi hosts a LIVE call showing SifchainJS, Sif-ETL, and Sif-API, free, top-notch tools for building in Sifchain’s ecosystem. All devs welcome. 📅Monday, October 17, 2PM PST 📍https://t.co/P78jehx54f

t.co

Happy Saturday. Margin Traders coming in strong.🔥 - Unweighted average profit: 164% - Weighted average profit: 195% Whitelist is still open. DM us to get added.

t.co

Sifchain community, @defiyield_app has added Sifchain to their all-in-one portfolio view app. Check it out. A big thanks to @defiyield_app for adding Sifchain to their supported chains! 👉

t.co

t.co

The Time has Come. Months of Development and Building. ⚡️We Officially Support ALL Biggest Cosmos Blockchains: • @osmosiszone • @kava_platform • @SecretNetwork • @cosmoshub • @JunoNetwork • @sifchain • @akashnet_ • @StargazeZone • @TeamKujira • @THORChain • @agoric

t.co

Watch the NEW Episode of Trading Education: Candlestick Chart Basics ⏯️ Get a primer on candle types and learn how to identify candlestick patterns. Perfect for new traders, DeFi yield farmers, and crypto learners. Watch:

t.co

t.co

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.

Daily margin trading profit report 📈 - Unweighted average profit: 130.48% - Weighted average profit: 152% 100 positions open. 👉 The platform is only available to whitelisted wallets. Send us a DM to get added!

t.co

NEW Interview: Sifchain Head of Strategy @sif__moon with Crypto Samurai. Get the down low on all things margin trading:

t.co

SifDAO Town Hall is today, October 14, at 12PM PST! Make sure to tune in for DAO updates and project updates. Location:

t.co

t.co

Join the October SifDAO Town Hall on Friday, October 14 at 12PM PST. SifDAO councils and Sifchain Core Contributor @JazearBrooks will share updates about: ✅ DAO councils ✅ SifDAO <> SifCore Committee ✅ Sifchain team updates 📍

t.co

t.co

Daily margin trading profit report 📈 - Unweighted average profit: 154% - Weighted average profit: 161% 100 positions open. 👉 The platform is only available to whitelisted wallets. Send us a DM to get added!

t.co

Sifchain is in Benzinga alongside @osmosiszone and @sienna_network! The article talks about promising exchanges on Cosmos. Love to see Cosmos IBC getting more coverage 🚀 $ROWAN $OSMO $SIENNA $SCRT Check it out:

t.co

cc @SecretNetwork

t.co

t.co

Join the October SifDAO Town Hall on Friday, October 14 at 12PM PST. SifDAO councils and Sifchain Core Contributor @JazearBrooks will share updates about: ✅ DAO councils ✅ SifDAO <> SifCore Committee ✅ Sifchain team updates 📍

t.co

t.co

ROWAN stakers, check this out 👋 @stakewolle has made a Telegram bot 🤖 about validator status. It will automatically notify you if your validator changes from active to inactive or jailed, so you know the status of your staking rewards. Try the bot:

t.co

t.co

💫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:

twitter.com

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. --

medium.com

Tune in on Tuesday, October 11, at 3PM CET for an AMA with @leap_cosmos in the Sifchain Discord! Leap integrated Sifchain into their handy all-in-one wallet app. We'll be talking all things Leap + their roadmap at this AMA. 🗓️ Tues, Oct. 11, 3PM CET 📍

t.co

t.co

Thank you to our friends at @nodejumper for popping up a Sifchain Dashboard & Validator Setup Tool! The tool shows key Sifchain stats, plus installation & upkeep info for validators. Check it out 👇

t.co

t.co

RT @cosmosinstantly: 📢Hey #Cosmonauts, 🤩Today Let's check project's price performance in the last 7 Days 🧐Are you holding any of them? 🚀🚀🚀…

The morning margin trading profit report. Lots of green 📈 - Unweighted average profit 60.6% - Weighted average profit 90.50% 41 MTPs open. The product is only available for whitelisted wallets. Send a DM to get added.

t.co

Congratulations to the projects who were were funded in @Cardano #ProjectCatalyst #Fund9. Results came out a few days ago, and sadly Sifchain’s proposal for funding to build a #CosmosCardano bridge wasn’t selected. We’re building the bridge anyway. Here’s why.

The $ATOM 2.0 Whitepaper has been pinned 📌 by the SifDAO IPFS cluster ⚛️ SifDAO is helping preserve this piece of @Cosmos history by using node resources to maintain the document in the peer-to-peer IPFS network.

t.co

t.co

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.

NEW Series Premiere: Margin Trading Education, Episodes 1 & 2 ▶️ Join Sifchain Discord Community lead & former degenerate perps trader Nomad Sif @MySacco for 👉Ep. 1: Intro to Margin Trading 👉Ep. 2: Technical & Fundamental Analysis Watch Now:

t.co

t.co

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.

Gm ☕️ Nothing like waking up to see profit numbers like this. 19 positions open. Unweighted average profit on open positions +29%. Weighted average profit +17.30%.

t.co

“Because Sifchain is a decentralized exchange, margin traders pay interest directly to liquidity providers… It starts to remove the need for inflationary rewards.” - Margin Trading on Sifchain, @sif__moon interview with @unicrypi🎤 ▶️

t.co

t.co

💫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:

discord.com

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:

discord.com

- SifDAO Validator Delegation Council released a new site:

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.