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.

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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