The leading Omni-Chain Dex on Cosmos. Swap, stake, and bridge between Ethereum & Cosmos with faster transactions & lower fees. | https://nitter.cf/t.co/B52aHPtI2X
The Cosmoverse
Joined August 2020
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Yes! GTK is now functional and capable of accepting liquidity from matchers/lenders and trades from traders.
Let’s see how volume changes over time at gtk-margin.com
We're working on an infra upgrade for GTK that should take no more than 2-3 days. Once that happens, we should see increased volumes and liquidity on GTK from interested supporters! Then institutions like the ones we've mentioned can scale in as traction develops
GTK Trading API Up!
github.com/Sifchain/gtk-api
npmjs.com/package/@sifchain/…
First PR for Storehouse and Wheat was submitted a few days ago github.com/Sifchain/sifnode/…
We are very serious about burning up to 90% of the tokens and going hyper deflationary 😤
feat: LPPD wheat distribution mechanism by snobbee · Pull Request #3445 · Sifchain/sifnode
github.comMatcher APR stats now the GTK UI!
Matchers/lenders can now check the stats on multiple pages at gtk-margin.com/ to get insights on how much yield others are earning. This can increase the amount of liquidity provided if it comes with a commensurate amount of trading.
Because GTK has concentrated lending, matchers/lenders do not have to provide all the capital that traders borrow.
In the example in this spreadsheet docs.google.com/spreadsheets…, they provide just 6%.
We are so close on these Matcher APR calcs; in the mean time, Rowan:USDC yield on SifDEX is at 700%+ APR paid in USDC 🚀🚀
Great question! GTK’s Match Trades page already has Matcher APR per trade but we’re working through tests on getting an average version of that stat on multiple pages (maybe 2-7 days away).
More on STF and Storehouse and Wheat below
We back yet? Certainly getting closer every day.
Discover the top @cosmos chains with explosive TVL growth this week:
@Neutron_org
@sifchain
@NolusProtocol
@StargazeZone
@oraichain
@THORChain
@ChihuahuaChain
@KAVA_CHAIN
@injective
@ComdexOfficial
Don't miss the rising stars in #Cosmos 🚀
#Cosmos_Allday
As promised, here is a demo video showing Sif Task Force running with its UI!
youtube.com/watch?v=aTNZ5LDI…
In this demo, a user solves a Github issue and receives a pull request managed by STF's AI assistants.
Looks like Rowan is now just under where it was 3 days ago.
GTK hit another daily trading volume of >$100k and Rowan:USDC yield is at 1100% APR paid out in USDC
This project has a lot of ground and credibility to make up; for some time the main differentiator might be yield
Status update on the IBC relayers on Twitter so that it’s pretty clear. Sifchain currently runs IBC relayers.
You can check out the transaction history at mapofzones.com/zones/sifchai…
Any chains for which Sifchain used to connect but doesn’t any longer are chains for which we don’t have an archive node.
When Sifchain was originally regaining connectivity to IBC after the banana king incident, @informalinc offered to maintain IBC connections for Sifchain
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Hey guys, apologies that the Sifchain YouTube channel went down, but it’s back up now!
youtube.com/@sifchainfinance…
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Breaking down Rowan’s recent rise
Since May 9
- Rowan is up over 200%
- Sifchain is TVL up about 67%
Current Rowan:USDC APR - 1000% (paid out in USDC)
Let’s analyze why this occurred
The Rowan:USDC pool currently has high promotional yield, not a recurring yield source.
Trading on GTK also contributed to the Rowan:USDC pool as per docs.google.com/document/d/1…
Yield from GTK trading is recurring and could lead to a virtuous growth cycle for Rowan
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Early rough shot of Sif Task Force UI!
Sif Task Force borrows from projects like OpenDevin and AutoCodeRover to allow AI to create pull requests from Github tickets, saving devs 80% or more of their time coding!
The current state of the art for AI code generation tools in this category is 20% on swebench.com/lite.html (with LLMs alone like GPT-4 and Claude getting 0-4%). Neither of these stats is high enough for devs to rely on an AI service to take the bulk of their responsibilities
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GTK is now at $100k in daily trading volume, not bad for the first day back!
And APR for Rowan:USDC on SifDEX is at 574%!
As promised, we’ve been hard at work polishing GTK since its soft re-launch a month ago. We’ve had two main goals with this polish:
- Ensuring auto-hedging worked smoothly
- Clearly displaying APR available to matchers (lenders)
Auto-hedging has officially soft-launched for matchers at gtk-margin.com/ !
This feature enables matchers to passively gain single token yield in USDC and facilitates liquidity for traders on GTK's trading platform
To make auto-hedging seamless, we switched to a new dYdX API a couple of weeks ago. The retry logic issue in this tweet is no longer a problem and now matchers (lenders) can rest easy and let yield come in passively without needing to monitor the trade.
nitter.cf/sifchain/status/177854…
Auto-hedging is soft launching for now, use small amounts of capital and monitor trades semi-regularly. FYI, retry logic for dYdX Chain’s official API is still improving; it can occasionally fail to execute a hedged trade, requiring matchers to manually hedge or take extra risk
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Auto-hedging has officially soft-launched for matchers at gtk-margin.com/ !
This feature enables matchers to passively gain single token yield in USDC and facilitates liquidity for traders on GTK's trading platform
At gtk-margin.com/match, you can now toggle the “Type” switch to select which vault you’ll deposit into.
"Lending" is GTK’s standard bucket that countertrades traders’ positions. "Hedging" for a new bucket that will be sent to DYDX to hedge the countertrade.
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Auto-hedging finally merged!
Promotional yield for Rowan:USDC on SifDEX now at 318% APR!
sifchain-dex.stavr.tech/#/st…
Soft launch expected later this week!
