Enrollment Deadlines & Form

Current Date: November 4, 2022

Submission Cutoff: November 18, 2022

Enrollment Application: https://sifchain.vnodes.info/

Program Information

Sifchain launched its Betanet with a live decentralized exchange (“DEX”) and cross-chain support to the Ethereum network in 2021. To help ensure a smooth network deployment, Sifchain initially launched with a cohort of Validators managed by the Ecosystem Fund and Team Treasury Reserve. Now with Mainnet launched, Sifchain is taking steps to usher in further decentralization by re-delegating most of its tokens currently staked by the Ecosystem Fund and Team Treasury Reserve to its Validator ecosystem. ROWAN generated from these delegations will go to the Ecosystem Fund.

A Sifchain network validator may qualify for Validator Delegation Program. New delegation rounds happen every 3 months. Sifchain’s Validator Delegation Program is designed to decentralize liquidity on the Sifchain platform to create a more secure network as well as to foster the growth of an active and committed Validator ecosystem. As part of this program, Sifchain will re-delegate tokens to qualified ecosystem Validators that demonstrate commitment to adding value to the network. Throughout this transitional period of re-delegation, Sifchain will decommission its own Validators.

If you would like to be a part of our mission to build the most performant omni-chain DEX (and be rewarded for your contributions), then you should apply to participate in Sifchain’s Validator Delegation Program!

Become a Sifchain Validator and Apply for Delegation

In order to be eligible to receive delegations through this program, Validators must satisfy the following eligibility requirements:

Initial Eligibility Requirements

• Your validator node must already be set up and active on the Sifchain Mainnet before you submit your application
• You must have a validator node, on any chain, active and online for a full 90 days prior to November 4th, 2022 in order to show UPTIME.
• Your validator node must be active on the Sifchain at the time of delegation, as the foundation delegation should not kick out an active validator at no fault of their own.
• Your validator node’s self-bonded ROWAN stake must correspond with the following:
  • Age & Self-Stake Table
• Your validator cannot be among the Top 15 at the time of application or at the time of delegation.
• Your validator node’s staking commission rate must not be more than 10%, and no less than the hard coded minimum 5%
• Your validator must have voted in at least 3 of the last 10 governance proposals (new criteria for this round)