Hi everyone,. We'd like to give an update on the dynamically updating swap fee for Rowan sales on Sifchain.

26 Nov 2022, 03:59
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

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26 Nov 2022, 03:59
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 everyone,. We'd like to give an update on the dynamically updating swap fee for Rowan sales on Sifchain.
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