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Ascension is Sifchain’s new Liquidity Mining (LM) program. It started on April 19th 2022.

With Sif’s Ascension, all rewards are auto-compounded every block (~6 seconds) based on the $ value of Total Value Locked (TVL). These ROWAN rewards are injected directly into the pool.

As only ROWAN is injected into the pool, the pool becomes slightly imbalanced. Arbitrageurs rebalance the pools nearly as soon as the imbalance arises. In the process of rebalancing, the arbitrageurs actions have the effect of redistributing “ROWAN only” rewards into “ROWAN + non-ROWAN” rewards. This process is repeated every block or as quickly as arbitrageurs are able to rebalance the pool at the ratio of PMTP ( Protocol Monetary Trade Policy).

The PMTP ratio started at 50:50 and continues to shift as purchasing power adjustments affect the inflows and outflows of ROWAN liquidity on the Sifchain dex.

This process is extremely elegant. We see the efficacy of auto-compounding and arbitrage on the AMM, which keeps the pools balanced at all times. This process also works in the favor of Liquidity Providers because their LM rewards are no longer exposed to price volatility of ROWAN alone but are instead diversified into ROWAN and Non-ROWAN assets. This can act as quite a powerful risk management tool because the AMM and arbitrageurs are constantly working to diversify LM rewards acquired via the auto compounding process.

Example: ROWAN: USDC pool (Prices and APR are for illustration purpose only)

Day Rowan Amount Price of Rowan USDC Amount Price of USDC $ value of LP PMTP Ratio APR Rewards in Rowan Redistributed Rowan Reward Redistributed USDC Reward
0 1000.00 $ 0.100 100.00 $ 1.00 $ 200.00 0.50 270% 14.79 7.40 0.74
1 1007.40 $ 0.105 100.74 $ 1.00 $ 206.5 0.51 270% 14.55 7.45 0.75
2 1014.85 $ 0.110 101.48 $ 1.00 $ 213.4 0.52 270% 14.32 7.51 0.75
3 1022.36 $ 0.116 102.24 $ 1.00 $ 220.6 0.54 270% 14.10 7.56 0.76
4 1029.92 $ 0.122 102.99 $ 1.00 $ 228.2 0.55 270% 13.89 7.62 0.76
5 1037.54 $ 0.128 103.75 $ 1.00 $ 236.2 0.56 270% 13.69 7.67 0.77
6 1045.21 $ 0.134 104.52 $ 1.00 $ 244.6 0.57 270% 13.50 7.73 0.77
7 1052.94 $ 0.141 105.29 $ 1.00 $ 253.5 0.58 270% 13.32 7.79 0.78


Total Rewards
ROWAN 52.94
USDC 5.29
$ Value of Rewards $ 12.74


The above example does not take into account any additional buying or selling in the pool outside of perfectly rebalancing of rewards in the PMTP ratio by arbitrageurs, hence it does not include any additional Impermanent Loss that might be incurred due to general market activity. If there is any additional IL due to swap activity in the general market, then the final Rowan and non-Rowan reward distribution will be adjusted accordingly. Below is the link to a rewards tracker which was developed by a few community members. Please paste your Wallet Address to generate your actual Ascension Rewards + Impermanent Loss!