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27 Jan 2024, 18:02
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327 Jan 2024, 18:09
🟢You can now use your wallet directly by typing the command (/mywallet)
You can now use your wallet directly by typing the command (/mywallet).
🟢You can now use your wallet directly by typing the command (/mywallet)
27 Jan 2024, 18:04
Hey everyone,
Here are a few updates on Sifchain and GTK:
- Starting with our recent GTK trading competition. It was instrumental in driving usage and uncovering a few bugs prior to larger levels of outreach. Despite offering modest rewards for traders, the competition exceeded our expectations admirably, achieving over $1.8 million in trading volume. More importantly, the trading activity helped, thereby generating a substantial, non-inflationary yield of approximately 200% APR for the Rowan-USDC pool on Sifchain.
Thank you for your participation. The results of the trading competition will be reviewed next week, and prizes will be awarded to the winners.
- Looking ahead, we're confident that additional liquidity will bolster yields even further. We're targeting a yield range between 400% to 5,000% for the pool, although these figures might be not long-term sustainable, we do believe it would be quite sustainable in the short-medium term, due to the low Sifchain TVL and a significant demand for trading activity on GTK. Relatively small absolute yields are sufficient to achieve these high percentage returns.
For complete clarity, please check out this video explainer for a yield calculator and a video walkthrough Margin Yield Calculations.
Once we implement auto-hedging which will hedge lent capital directly on dYdX, matchers will be able to earn passive yield.
Until then, though, our platform demands a higher level of sophistication from matchers as they are required to run their own software to hedge trades. It would be nice to get community market makers, or even traders or passive lenders with access to a programmer to write a small script to hedge their own trades. Given the yield opportunities, this could be quite rewarding.
As an alternative option, given that the primary matcher lacks a hedging script, community members who may not possess sufficient free capital can still contribute by leveraging other matchers/lenders. This can be achieved through the provision of an open-source hedging script, which community enthusiasts can utilize.
Please let us know, if this is of interest and we’re happy to help.
Your participation, especially with extra liquidity, would be greatly valued.
Thank you for your attention and ongoing support!💫
Hey everyone,. Here are a few updates on Sifchain and GTK:. - Starting with our recent GTK trading competition.
Hey everyone,
Here are a few updates on Sifchain and GTK:
- Starting with our recent GTK trading competition. It was instrumental in driving usage and uncovering a few bugs prior to larger levels of outreach. Despite offering modest rewards for traders, the competition exceeded our expectations admirably, achieving over $1.8 million in trading volume. More importantly, the trading activity helped, thereby generating a substantial, non-inflationary yield of approximately 200% APR for the Rowan-USDC pool on Sifchain.
Thank you for your participation. The results of the trading competition will be reviewed next week, and prizes will be awarded to the winners.
- Looking ahead, we're confident that additional liquidity will bolster yields even further. We're targeting a yield range between 400% to 5,000% for the pool, although these figures might be not long-term sustainable, we do believe it would be quite sustainable in the short-medium term, due to the low Sifchain TVL and a significant demand for trading activity on GTK. Relatively small absolute yields are sufficient to achieve these high percentage returns.
For complete clarity, please check out this video explainer for a yield calculator and a video walkthrough Margin Yield Calculations.
Once we implement auto-hedging which will hedge lent capital directly on dYdX, matchers will be able to earn passive yield.
Until then, though, our platform demands a higher level of sophistication from matchers as they are required to run their own software to hedge trades. It would be nice to get community market makers, or even traders or passive lenders with access to a programmer to write a small script to hedge their own trades. Given the yield opportunities, this could be quite rewarding.
As an alternative option, given that the primary matcher lacks a hedging script, community members who may not possess sufficient free capital can still contribute by leveraging other matchers/lenders. This can be achieved through the provision of an open-source hedging script, which community enthusiasts can utilize.
Please let us know, if this is of interest and we’re happy to help.
Your participation, especially with extra liquidity, would be greatly valued.
Thank you for your attention and ongoing support!💫
27 Jan 2024, 18:04
Hey everyone,
Here are a few updates on Sifchain and GTK:
- Starting with our recent GTK trading competition. It was instrumental in driving usage and uncovering a few bugs prior to larger levels of outreach. Despite offering modest rewards for traders, the competition exceeded our expectations admirably, achieving over $1.8 million in trading volume. More importantly, the trading activity helped, thereby generating a substantial, non-inflationary yield of approximately 200% APR for the Rowan-USDC pool on Sifchain.
Thank you for your participation. The results of the trading competition will be reviewed next week, and prizes will be awarded to the winners.
- Looking ahead, we're confident that additional liquidity will bolster yields even further. We're targeting a yield range between 400% to 5,000% for the pool, although these figures might be not long-term sustainable, we do believe it would be quite sustainable in the short-medium term, due to the low Sifchain TVL and a significant demand for trading activity on GTK. Relatively small absolute yields are sufficient to achieve these high percentage returns.
For complete clarity, please check out this video explainer for a yield calculator and a video walkthrough Margin Yield Calculations.
Once we implement auto-hedging which will hedge lent capital directly on dYdX, matchers will be able to earn passive yield.
Until then, though, our platform demands a higher level of sophistication from matchers as they are required to run their own software to hedge trades. It would be nice to get community market makers, or even traders or passive lenders with access to a programmer to write a small script to hedge their own trades. Given the yield opportunities, this could be quite rewarding.
As an alternative option, given that the primary matcher lacks a hedging script, community members who may not possess sufficient free capital can still contribute by leveraging other matchers/lenders. This can be achieved through the provision of an open-source hedging script, which community enthusiasts can utilize.
Please let us know, if this is of interest and we’re happy to help.
Your participation, especially with extra liquidity, would be greatly valued.
Thank you for your attention and ongoing support!💫
Hey everyone,. Here are a few updates on Sifchain and GTK:. - Starting with our recent GTK trading competition.
Hey everyone,
Here are a few updates on Sifchain and GTK:
- Starting with our recent GTK trading competition. It was instrumental in driving usage and uncovering a few bugs prior to larger levels of outreach. Despite offering modest rewards for traders, the competition exceeded our expectations admirably, achieving over $1.8 million in trading volume. More importantly, the trading activity helped, thereby generating a substantial, non-inflationary yield of approximately 200% APR for the Rowan-USDC pool on Sifchain.
Thank you for your participation. The results of the trading competition will be reviewed next week, and prizes will be awarded to the winners.
- Looking ahead, we're confident that additional liquidity will bolster yields even further. We're targeting a yield range between 400% to 5,000% for the pool, although these figures might be not long-term sustainable, we do believe it would be quite sustainable in the short-medium term, due to the low Sifchain TVL and a significant demand for trading activity on GTK. Relatively small absolute yields are sufficient to achieve these high percentage returns.
For complete clarity, please check out this video explainer for a yield calculator and a video walkthrough Margin Yield Calculations.
Once we implement auto-hedging which will hedge lent capital directly on dYdX, matchers will be able to earn passive yield.
Until then, though, our platform demands a higher level of sophistication from matchers as they are required to run their own software to hedge trades. It would be nice to get community market makers, or even traders or passive lenders with access to a programmer to write a small script to hedge their own trades. Given the yield opportunities, this could be quite rewarding.
As an alternative option, given that the primary matcher lacks a hedging script, community members who may not possess sufficient free capital can still contribute by leveraging other matchers/lenders. This can be achieved through the provision of an open-source hedging script, which community enthusiasts can utilize.
Please let us know, if this is of interest and we’re happy to help.
Your participation, especially with extra liquidity, would be greatly valued.
Thank you for your attention and ongoing support!💫