I heard that Sifchain is doing sth similar and its model follows Thorchain.
Any comments about this project?
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I heard that Sifchain is doing sth similar and its model follows Thorchain.
Any comments about this project?
Posted Using LeoFinance Beta
Sifchain is interesting. I've been watching it without saying much, because I'm just not sure yet. They are airdropping tokens, and I have qualified for a bunch. Was waiting to play with it a bit before sharing my experience, but the airdrop (and several other developments) have been repeatedly delayed.
Long story short is that they have set up similar to Thorchain, with a broadly similar tokenomics structure. The key difference is that they are using pegged assets rather than native. You peg your asset (through the Cosmos eco-system's peg zone) and then can access the Sifchain DEX and pools and so on.
Once I get the airdrop (eventually) and have a play around, I'll have more to say. Not sold yet, definitely think Thorchain is a superior solution, but Sifchain could find a place in the Cosmos.
Watching for now.
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Looking forward to your guidance. 😉
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