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 https://t.co/mnaP2F4MyR
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
Rowan:USDC Yield at 815% APR on SifDEX, paid in USDC!
Yield has been available for a few days but we're only just tweeting about it after fixing a data feed issue on SifDEX
We still plan to ship Storehouse and Wheat to make Rowan deflationary! Stay tuned!
@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
First PR for Storehouse and Wheat was submitted a few days ago https://t.co/vMg0zlSJgm
We are very serious about burning up to 90% of the tokens and going hyper deflationary 😤
Storehouse and Wheat is now our main crypto dev focus. It would land take 2-5 weeks from now, but we are hoping STF will cut a lot of that time down and be a good case study.
It’s launch date would be a definitive date by when Rowan will reduce inflation or go deflationary
A sizable trading firm offered to run trading volume through GTK if it had a conventional API. They have the capital to oversubscribe the current limited liquidity on GTK, which could then attract more lending, leading to a virtuous cycle of growth and yield for Rowan holders.
@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
@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.
Matcher APR stats now the GTK UI!
Matchers/lenders can now check the stats on multiple pages at https://t.co/oHKAL3hZYt 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.
GTK now provides a strong margin trading experience and the right capital partners come along it can bring in a lot of yield. One way to invigorate usage is with a new token that’s airdropped based on usage of GTK, which we’ve considered but are currently focused on Rowan for now