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Erowan

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.

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.