Documenting Sifchain

Community Account led by fellow LPs, Stakers and Traders on Sifchain $ROWAN

[Documenting Sifchain @DocumentingSif]

What's the value proposition for @Sifchain 's native token $ROWAN and how does the just launched Sif's Expansion program fits into this?

Time for a thread 🧵

[Documenting Sifchain @DocumentingSif]

In our view the PMTP ratio shift itself wasn't the main driver for this rapid decline, but at least as much this fearful mindset and urge to exit the LP position to not end up holding something that goes down like LUNA, which is a diff. mechanism not applicable to Sifchain though

[Documenting Sifchain @DocumentingSif]

It's probably time for a less sexy update on the ATOM/ROWAN pool✍️

The LP position now consists of:
277,986 ROWAN and 174.89 ATOM = $5,480

The last update pretty much was right at the top of this position. Let's see what was lost in value and put it into perspective 👇

[Documenting Sifchain @DocumentingSif]

An update on the ATOM/ROWAN pool on @Sifchain
is long overdue. ⏲️✍️

The LP position now consists of:
122,964 ROWAN and 528.4 ATOM = $31,420

That's increase of 41% in the last 3 weeks and the last reward distribution from Expansion hasn't even occured yet.

[Documenting Sifchain @DocumentingSif]

Now we unfortunately ended up at a very weak looking ROWAN and the condition to pool at 70:30, which makes it less attractive for new external assets to buy (more) ROWAN to pool with (less) external assets.

Which is exactly the opposite of what PMTP was intended to achieve.

[Documenting Sifchain @DocumentingSif]

Since Protocol Monetary Trade Policies went into effect, ROWAN makes up a larger part of all pools on Sifchain. This means that the protocol prefers pooled ROWAN over the external assets.

For more information check out this thread
https://t.co/E1qtaqcuHs

[Documenting Sifchain @DocumentingSif]

What's PMTP? Protocol Monetary Trade Policy, a feature soon to be implemented on @Sifchain

There has been a lot of confusion about it so far, so what is it really?

A 🧵

[Documenting Sifchain @DocumentingSif]

An update on the ATOM/ROWAN pool on @Sifchain
is long overdue. ⏲️✍️

The LP position now consists of:
122,964 ROWAN and 528.4 ATOM = $31,420

That's increase of 41% in the last 3 weeks and the last reward distribution from Expansion hasn't even occured yet.

[Documenting Sifchain @DocumentingSif]

Time for the next @Sifchain ATOM pooling update ✍️

The LP position now consists of:
118,005 ROWAN and 453.38 ATOM = $22,210

That is a plunge of -4.5% compared to last week. To set it better in perspective, the overall market dumped twice as much.

[Sifchain @sifchain]

We will all have so much fun together :)