Siphon Lab (TRY)

Siphon Lab is on a mission to build the Siphon Universe on the Sui network. Siphon Universe includes the Siphon ecosystem, which consists of Tradeify (A derivative exchange), Liquidify (a liquid staking protocol), and many other innovative products that will be revealed in the future.

Seed Round: $1.2 Million

Whitepaper

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Interest lvl

NA

Updated: May 19, 2023

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User Rating

Medium

3/5 • 1 votes

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Ticker

TRY

Type

Utility-token

Registration year2022

Ecosystems

Sui

What is Siphon Lab

The Siphon Universe is being constructed on the Sui network by Siphon Lab. The Siphon ecosystem, which comprises Tradeify, Liquidify, and numerous other cutting-edge products that will soon be released, is a part of the Siphon Universe.

While Liquidify, the top liquid staking protocol built on top of the SUI blockchain, aims to maximize the capital efficiency of SUI across the ecosystem, Tradeify is a decentralized derivative trading protocol that offers zero price impact trading, up to 100x leverage, self-custody, aggregated liquidity, and an optimized on-chain trading experience. On top of the SUI blockchain, Liquidify is the industry’s leading liquid staking protocol to maximise SUI’s capital efficiency throughout the ecosystem.