IoTeX Partners with Sifchain, a Cosmos SDK Blockchain, for Cross-Chain Liquidity Mining

IoTeX Team
May 5 · 2 min read

IoTeX is proud to announce our partnership with Sifchain, a Cosmos SDK blockchain and the leading omni-chain decentralized exchange (DEX). Sifchain utilizes Thorchain as a reference implementation to support a wide array of blockchains. In the future, Sifchain will support the Cosmos Inter-blockchain Communication Protocol (IBC) and facilitate cross-chain transactions for 20+ of the top blockchains, such as Bitcoin, Binance Smart Chain, Polkadot, Cosmos, and IoTeX!

Introducing cIOTX / ROWAN Liquidity Pool

Sifchain uses a two-way peg protocol to support cross-chain activity, as well as pegged tokens like cIOTX. To kick off our partnership, we are launching the cIOTX / ROWAN liquidity pool for decentralized trading and liquidity mining. With already $100,000+ in liquidity (and growing), traders can enjoy a seamless trading experience and triple-digit liquidity mining APR %. Sifchain is hosting a trading competition from May 2nd to May 9th, where existing Sifchain users can trade the new cIOTX/ROWAN LP. (note: trading comp registration is only available for existing Sifchain users and not available for USA-based users).

Liquidity providers earn a percentage fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real-time and can be claimed by withdrawing your liquidity. To learn more, refer to Sifchain’s liquidity mining documentation and YouTube tutorials.

The cIOTX / ROWAN Liquidity Pool is now LIVE!
Welcome Sifchain to the ever-growing IoTeX cross-chain ecosystem!

About IoTeX

Founded as an open-source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.

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IoTeX

Building the Internet of Trusted Things

IoTeX

Founded as an open source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all humans, machines, and businesses can interact with guaranteed trust and privacy.

IoTeX Team

Written by

Building the Internet of Trusted Things: iotex.io

IoTeX

Founded as an open source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all humans, machines, and businesses can interact with guaranteed trust and privacy.

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