Sifchain Finance
Published in

Sifchain Finance

Sifchain Weekly Update: May 16 — May 29

We missed a week because of a brief Twitter access issue so this one is jam packed with updates!

Liquidity Mining and Validator Subsidy Rewards Updates

The tech team has made some improvements to the rewards projection app where you are now able to search for your address along with a summary section that gets right to the point. You can check it out here: https://cryptoeconomics.sifchain.finance/

All data for Liquidity Mining rewards should be considered accurate. Validator Subsidy rewards are close but we’re still doing additional reviews to identify and resolve any corner cases in calculations before considering them accurate. Code for letting users claim rewards just underwent a code review and is being revised after feedback. We expect minimal changes to VS rewards and claimability followed by a release early next week, keep in mind all estimates are subject to change.

Sifchain APIs and Client SDK

The Sifchain data team has served up the first versions of APIs for on-chain Sifchain data (read only) and a client SDK (read and write). The APIs let users query data about pools, validators, and assets on Sifchain while the client SDK is designed to support pooling, swapping, and delegating for 3rd party applications!

This is of huge importance to start exporting Sifchain’s exchange data to 3rd party data aggregators and onboarding algorithmic traders. We still have additional work to do (for example, we need to add endpoints for circulating supply and total supply for the Rowan token) and we’d appreciate any feedback you have on future updates.

Airdrop Updates

We mentioned a few modifications to airdrops in our last article:

  • Releases will occur on a weekly basis rather than a monthly basis. 1/4th of the expected monthly drop will be released per week for 12 upcoming drops total.
  • In order to receive subsequent airdrops, you must pool an amount of liquidity (as measured in Rowan) equal to or greater than the amount of liquidity you receive during the week after each airdrop. A simple way to meet this criteria is to just pool the airdrop after receiving it although you can pool any asset(s) you like.
  • You must not unpool any liquidity from the address receiving the airdrop until the last airdrop has been distributed. Doing so will disqualify you from receiving future airdrops.

For additional context, please check out our previous article.

We want clarify that users can pool *95%* of their airdrop rather than the entire 100%. This allows users substantial leeway to trade some of the Rowan before pooling. Airdrops will go out the same week that claimability does as both require the same distribution module.

Cosmostation Integration

We’re honored that Cosmostation is supporting Sifchain in a big way!

We look forward to continued collaboration with the Cosmostation team to support Sifchain functionality.

Peggy Fee Reduction (Grant Opportunities)

We’re plugging away to improve Sifchain’s cross-chain capabilities but also want to reduce fees for cross-chain transactions. Here are a few ideas we have for doing so.

If you’d like to help us speed up implementation, please let us know in a comment on Aha and we can work on an RFP! We’ve been prioritizing other features over Peggy fee reduction so without a separate team or requests from the community, these will take a while to implement.

Akash Node Deployment (Grant Opportunity)

We’re excited to see Akash build the unstoppable cloud and want to encourage Sifchain validators to host nodes there. This is why we’re interested in funding a grant for users to update our validator deployment instructions with an option to deploy a validator on Akash. If you’re interested, please reach out!

Your Ideas are Welcome

We’re also collecting feedback and ideas from the community here. We’ve had a blast following up with users on the following ideas:

Make your voice heard on these or other issues!

DevOps

What new is your team working on

  • Addressing technical debt.
  • Internal documentation/runbooks.
  • Additional testing around the upgrade process for Cosmos 0.42.
  • Supporting the data services team with their upcoming deployment/SDK release.

Describe briefly about the new feature

Mostly internal work. The upgrade process for Cosmos 0.42 will be presented to third party validators once ready.

Front-End

What new is your team working on

  • Continuation of Rewards Program UI Team support. Working on displaying of VS rewards and claimability of both LM and VS rewards
  • More robust end to end testing
  • Implementation of showing a net gain/loss for a LP provider in relation to their provided liquidity in each of their pools. This is currently in testing!
  • Changed terminology from Peg/Unpeg to Import/Export. This will be included in our next deployment.
  • Finished adding a Footer to the DEX where users can sign up for our newsletter, view tutorials, and get to other important links.

Peggy

What new is your team working on

  • Cosmos .42 upgrade
  • Peggy 2.0 Roadmapping

Describe briefly about the new feature

  • Cosmos .42 upgrade — Finishing up .42 integration tests related to Peggy (determine which are passing/failing, fixing code that failed tests, CLP tests). Plan is to complete work by the end of this week.
  • Peggy 2.0 Roadmapping — With additional engineering resources being brought on board and .42 work wrapping up, we’re revising our roadmap to deliver an initial version of Peggy 2.0 to the public quickly, while still accounting for appropriate testing and security.
  • Peggy 2.0 Data Migration — Exploratory work on how token names/balances, pool shares, and pool names/balances will be migrated to Peggy 2.0

How does this feature help the Sifchain community?

  • As .42 work for Peggy has been winding down, the team has begun minor work on Peggy 2.0 (Sifnode Relayer Whitelist/Data Migrations). Next week, we plan on going full steam ahead on Peggy 2.0 Omni-Evm. As mentioned in prior updates and on medium, Omni-Evm brings the Sifchain community closer to a multi-chain ecosystem.

Sifnode

What new is your team working on

  • Continued to work on CosmosSDK v.42 upgrade. Work is largely dev complete. Staff are primarily focused on extensive testing and bug fixes. This is likely to take an extended amount of time given the large impact the upgrade has on the codebase. We want to make sure that everything will continue to function as expected.

Data Services

What new is your team working on

  • Data Services has deployed v0.0.1 of the Sifchain public API endpoints
  • Data Services has deployed v0.0.1 of the Sifchain ClientSDK

Describe briefly about the new feature

  • The new services allow users to query Sifchain info via a set of Public REST endpoints
  • Users can now integrate the ClientSDK into their applications and programatically interact with Sifchain by swapping, pooling, and performing some staking operations

How does this feature help Sifchain community?

  • Opening up this feature allows us to onboard various partners and ultimately introduce more liquidity to the protocol.

Testing

What new is your team working on

  • UI e2e Automated Testing using Playwright
  • QA team pilot project for UI manual and exploratory testing
  • Work on creating private testnets for ethereum
  • Work on creating full private testnet for all of Sifchain for an arbitrary PR branch
  • Updating tests for Cosmos SDK 0.42 update

Describe briefly about the new feature

  • UI e2e Automated Testing using Playwright. Finishing up automation framework refactoring, so code is easier to reuse, and improving the maintainability and consistency of the code regarding consistent reproducible UI test results.
  • QA team pilot project for UI manual and exploratory testing. Onboarding Applause and Rainforest to evaluate
  • Work on creating private testnets for ethereum. Updating test bash scripts to work against geth instead of ganache
  • Work on creating full private testnet for all of Sifchain for an arbitrary PR branch. Updating CICD pipeline scripts to be more reusable in various contexts, and reuse existing functionality from devnet and testnet automation.
  • Updating tests for Cosmos SDK 0.42 update. Finishing up .42 integration tests related to Peggy (determine which are passing/failing, fixing code that failed tests, CLP tests). Plan is to complete work by the end of this week.

How does this feature help Sifchain community?

  • Better automated coverage for UI e2e in particular will enable us to find bugs faster and prevent regressions.
  • More QA resources will enable us to get better coverage on new features, and be more thorough and quicker about finding regressions.
  • Full private testnet for a PR branch will enable us to develop new features and do full testing in parallel, and be able to do full testing on that work and not wait until final testnet integration in order to test.
  • Private testnet for ethereum will eliminate the dependency on using a testnet like Ropsten.
  • We will be able to mint arbitrary amounts of our own local ethereum which are necessary to run large scalability and stability tests on our testnet.
  • Overall, this will help improve our tests to find problems sooner, and verify a higher quality blockchain

Decentralized Exchange (DEX)

We welcome traders and developers to give feedback and participate in our network! The best ways to join our community are Telegram, Github, and Discord.

For now, in order to take full advantage of the Sifchain DEX, you must have a Keplr wallet for managing assets on Sifchain and a MetaMask wallet for managing assets on Ethereum. Check out our usage guide article, video tutorials, and “getting started” documentation!

Validator and Delegator Rewards

It should take half an hour to set yourself up as a validator. Sifchain has been running a validator subsidy program that started on February 19, 2021, at 5:00 AM GMT alongside the launch of BetaNet. You’ll see details about this incentive program in the BetaNet usage guide article. Delegation is a great way to earn validator income without running your own validator. You can do so in Keplr.

Validator in a Box: Plug and Play Passive Income Generator

Running a Sifchain Validator on Kubernetes (K8S)medium.com

Liquidity and Swapping Rewards

Sifchain allows users to swap any asset on any bridged chain (like Ethereum) for any other assets. Liquidity providers can add liquidity into Sifchain’s liquidity pools where they earn income.Check out our article about swapping and our article about liquidity pooling!

Global Media

If you are a content creator with a following, contact us to collaborate: info@sifchain.finance!

SifDAO Tribe

Main Official Channels

Local Language Channels

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store