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Sifchain
@sifchain
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The leading Omni-Chain Dex on Cosmos. Swap, stake, and bridge between Ethereum & Cosmos with faster transactions & lower fees. | https://t.co/B52aHPtI2X
The Cosmoverse
Joined August 2020
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
@sifchain Did this go to prod?
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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
@sifchain Any update on GTK since the API launch? Whatever happened with the company that wanted to integrate?
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@trd_tradecoin Only USDC from Noble has liquidity right now, but you can import/export it to the Noble blockchain, where it’s native
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@bccryptolearn No, you should be able to use IBC to withdraw now. If there was any issue there it was temporary and should be resolved
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@trd_tradecoin Thanks for checking in, we don’t have an updated ETA, but this is a top priority for us as it may institute a large turnaround for the project
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@futorobf @draknivek Also, a solid amount of non-Rowan yield may need to be dropped into the pools to encourage pooling. GTK (with more liquidity) and STF (with more clients) should be up to the task
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@futorobf @draknivek Burning that much Rowan very quickly would likely require cyclicly burning a lot of Rowan in Sifchain’s pools, then temporarily increasing DLP to entice some more Rowan to be sold into the pools where it can then be burned again.
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@futorobf @draknivek The exact amount of Rowan burned and the duration during which it burns depends on what parameters are set.
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@draknivek We’re not sure when it would begin but 07.2024 is quite possible. It may take a year or two to actually burn that many Rowan
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@JeroenTerra Check your wallet on osmosis and if that doesn’t work, then ask the Keplr team for help
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