SiennaSwap
SiennaSwap is a cross-chain decentralized exchange where users can swap private tokens.
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SiennaSwap
SiennaSwap, is a privacy-first, cross-chain decentralized exchange where users can swap private tokens in complete privacy.
- Wrap Tool
SiennaSwap 2.0 features a built-in wrap tool that allows users to wrap their IBC tokens into secret tokens. To do this, users must first perform an IBC deposit directly on SiennaSwap. Once they have deposited their IBC tokens, they can then use the wrap tool to transform them into secret tokens, at which point they can use them to interact with the SiennaSwap app. Users can unwrap and withdraw their IBC tokens in a permission-less manner at any point.
IBC Deposit/Withdrawal Tool
Wrap Tool
- Swap like never before
While being 100% private, Sienna also provides low transaction fees due to the inherent blockchain scalability Sienna utilizes.
You can swap any private SNIP-20 token at Sienna. If you do not have private tokens yet, you can use the bridge to exchange your tokens for the private equivalent. You can always convert them back again.
This will enable you to trade through SiennaSwap.
An example of a pair is SIENNA + sDAI (secretDAI).
Sienna is a pure SNIP-20 token, and sDAI is a bridged token to its ERC20 equivalent, the DAI stable coin token.
- Deposits to the pools are the foundation for SiennaSwap
By providing liquidity to a trading pair of tokens, you will help the exchange execute faster and better. In return, you earn some of the trading fees and can further enhance your earning via rewards.
You can earn 0.28% of your share of the daily volume by providing liquidity to a pair of tokens. Not only do you earn from it - you also contribute to the ecosystem and provide a tremendous amount of value to it. You can select one or multiple pairs of tokens you want to provide liquidity for and every time a swap is made, you receive your 0.28% proportionally to your share of the pool.
Example:
If your proportional share of the pool is USD 1 million out of USD 100 million, you will receive 0.28% of 1% of the daily swap volume. If the swap volume is USD 200 million, you will receive USD 6,000 per 24 hours for depositing to the swap pair pool. You can, of course, deposit a much smaller amount than USD 1 million.
Siennas AMM is dual and you can deposit tokens for equal amounts in value on each side of the pair.
- Earn SIENNA
Rewards is a part of the incentive program at the Sienna protocol. When you provide liquidity to the exchange, you will receive LP-tokens - liquidity provider tokens.
LP-tokens have two main characteristics. You can use them to reclaim your liquidity or you can deposit them and receive additional rewards.
When providing liquidity you will receive a matching set of LP-tokens for the specific pair. Not all LP-tokens are eligible for rewards.
February 2022
Sienna Swap SiennaSwap
SiennaSwap, is a privacy-first, cross-chain decentralized exchange where users can swap private tokens in complete privacy.
- Wrap Tool
SiennaSwap 2.0 features a built-in wrap tool that allows users to wrap their IBC tokens into secret tokens. To do this, users must first perform an IBC deposit directly on SiennaSwap. Once they have deposited their IBC tokens, they can then use the wrap tool to transform them into secret tokens, at which point they can use them to interact with the SiennaSwap app. Users can unwrap and withdraw their IBC tokens in a permission-less manner at any point.
IBC Deposit/Withdrawal Tool
Wrap Tool
- Swap like never before
While being 100% private, Sienna also provides low transaction fees due to the inherent blockchain scalability Sienna utilizes.
You can swap any private SNIP-20 token at Sienna. If you do not have private tokens yet, you can use the bridge to exchange your tokens for the private equivalent. You can always convert them back again.
This will enable you to trade through SiennaSwap.
An example of a pair is SIENNA + sDAI (secretDAI).
Sienna is a pure SNIP-20 token, and sDAI is a bridged token to its ERC20 equivalent, the DAI stable coin token.
- Deposits to the pools are the foundation for SiennaSwap
By providing liquidity to a trading pair of tokens, you will help the exchange execute faster and better. In return, you earn some of the trading fees and can further enhance your earning via rewards.
You can earn 0.28% of your share of the daily volume by providing liquidity to a pair of tokens. Not only do you earn from it - you also contribute to the ecosystem and provide a tremendous amount of value to it. You can select one or multiple pairs of tokens you want to provide liquidity for and every time a swap is made, you receive your 0.28% proportionally to your share of the pool.
Example:
If your proportional share of the pool is USD 1 million out of USD 100 million, you will receive 0.28% of 1% of the daily swap volume. If the swap volume is USD 200 million, you will receive USD 6,000 per 24 hours for depositing to the swap pair pool. You can, of course, deposit a much smaller amount than USD 1 million.
Siennas AMM is dual and you can deposit tokens for equal amounts in value on each side of the pair.
- Earn SIENNA
Rewards is a part of the incentive program at the Sienna protocol. When you provide liquidity to the exchange, you will receive LP-tokens - liquidity provider tokens.
LP-tokens have two main characteristics. You can use them to reclaim your liquidity or you can deposit them and receive additional rewards.
When providing liquidity you will receive a matching set of LP-tokens for the specific pair. Not all LP-tokens are eligible for rewards.
February 2022
Sienna Swap
SiennaSwap is a cross-chain decentralized exchange where users can swap private tokens.
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