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## What is Sifchain?

Sifchain is the Cosmos IBC’s leading Omni-Chain Dex, where you can swap, stake, and bridge between Ethereum and Cosmos with faster transactions and lower fees. 

## How does Sifchain work?

Sifchain is an application-specific blockchain built on top of the Cosmos SDK and uses Tendermint’s consensus mechanism, which provides finality guarantees. This is an important feature for cross-chain token swaps.


## What Sifchain Offers

### First Ethereum Mainnet to Cosmos Bridge
Sifchain launched the first Ethereum Mainnet to Cosmos bridge in 2021. This bridge, called Peggy, works via a pegged token model. These peg zones are what allow assets to be easily transferred between Sifchain and external chains. This model is described as a 2-way peg (2WP).


### Omni-Chain DEX
Sifchain is launching an updated Peggy bridge. Peggy 2.0 will allow integration with a large number of EVM blockchains, and will provide the backbone for  cross-chain transactions cross-chain transactions between Cosmos and EVM chains. 

### Performant Swaps & Staking
Built on the Cosmos SDK, Sifchain processes substantially more transactions per second than Ethereum, giving faster transactions and lower fees.


### Continuous Liquidity Pools
CLPs enable liquidity providers to earn income and help enable more efficient and scalable swap transactions when compared to traditional liquidity pools.

## What is ROWAN?

Rowan is Sifchain’s  utility and governance token. 

Sifchain’s validators can participate in the SifDAO with voting power that is proportional to the amount of Rowan they hold. 

Rowan is also the settlement token for each liquidity pool in the Sifchain DEX, meaning that each pool contains Rowan as one asset and an external asset as the other. This means that traders swapping two external assets will use ROWAN as a settlement token.



## Validators and Delegators

Sifchain validators stake their own Rowan and the Rowan that is delegated to them by other Rowan holders. In doing so, they secure the network.

There is no explicit minimum stake amount required to be a validator on Sifchain, as the amount staked by the lowest validator in the set serves as an implicit minimum.

Any Sifchain user can delegate their tokens to any number of validators on the network. Delegating to a validator entitles the user to gain block rewards by paying a commission fee to the validator. 

Stake ROWAN and secure Sifchain's network at https://wallet.keplr.app/#/sifchain/governance.

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