Sifchain offers over 300% APR on crypto assets with their liquidity pools & liquidity mining program. Here's what you need to know!

00:00 - Intro
1:04 - What is Sifchain?
1:46 - Sifchain Liquidity Pools
4:00 - Impermanent Loss (RISK)
5:26 - Liquidity Mining (for 300% APR)
7:19 - Impermanent Loss Mitigation
8:28 - How to Get Started on Sifchain (Step-by-Step)
10:49 - My Sifchain Earnings
12:01 - Watch This Next

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IMPERMANENT LOSS EXPLAINED by Whiteboard Crypto:
   • What is Impermanent Loss in Crypto? (...  

Sifchain article on asymmetric liquidity pools:
  / sifchain-technical-introduction-advantages...  

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I came across Sifchain because I invest in & follow Legacy Network, a Layer 1 blockchain project. They were announced as an asset to receive 300% APR in Sifchain liquidity pools, and with numbers that high, I had to take a look.

Sifchain is a decentralized exchange, or DEX, and the first omni-chain dex. This means that unlike most DEXes, which only allow you to swap between assets on a single blockchain, such as Uniswap with ethereum and erc-20 tokens, Sifchain allows you to swap between assets on multiple different blockchains.

Their liquidity mining program pays over 300% APR on crypto assets - and that’s on top of the swap fees liquidity providers are already earning. This is a limited time program that is designed to incentivize users to add liquidity to the Sifchain DEX. While this program is active, there will be 6 token pairings that offer 300% APR. One will be the ROWAN/ATOM pairing, and the other 5 will be voted on by the community monthly - this is how legacy network got added to the 300% APR program. The current program runs until January 17th, and includes pairings with ATOM, ROWAN, ETH, JUNO, LUNA and ZCX. All other token pools earn 100% APR throughout the program, which could be extended past the 17th, if voted by the community.

The important thing to note here is that this 300% APR is paid out in ROWAN token on a weekly basis. While it’s unclear how long it will last, if you continued adding your weekly rewards into the liquidity pool at the 300% APR rate, you would see over 1,700% APY for the year.

Another very important detail is that most of these rewards are likely coming from inflation, or the creation of new ROWAN tokens. While Sifchain hopes to use a number of sources to provide these rates, they will resort to token creation if needed. An increasing supply is not necessarily a good thing, as it will dilute the value of the Rowan token over time.

#Crypto #DeFi #LiquidityMining

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This video is meant for informational purposes only, and is not a recommendation to buy or sell any security or cryptocurrency. It is also not a research report and should not serve as the basis for any investment decision. Additionally, I earn commissions for purchases and sign-ups made through the links above.