 | SIKKA (SIKKA)Sikka Protocol provides a secure and reliable solution for the stable asset SIKKA. Users can borrow SIKKA using liquid staking tokens as collateral. Users can also supply stable asset pairs to provide liquidity, yield farm, and earn rewards. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is SIKKA
Sikka is a cross-chain lending protocol on Polygon that allows users to borrow the SIKKA stable asset against their staked MATIC assets, and earn additional yields from the SIKKA yield-bearing stable asset in a single debt position against a low interest.
It aims to provide competitive yield in a sustainable way, enabling the majority of users to profit from the increased money velocity of crypto markets.
Sikka Protocol aims to address security and sustainability issues by combining stable asset convenience with methods used by traditional finance institutions to protect wealth. Its basic purpose is to provide competitive yield in a sustainable way, enabling the majority of users to profit from the increased money velocity of crypto markets.
Sikka Protocol allows users to:
- Collateralize their assets in MATIC to borrow the SIKKA stable asset.
- Borrow SIKKA.
- Put the borrowed SIKKA in a liquidity pool to in return get yield.
- Farm the LP token received for placing SIKKA into a liquidity pool.
- Get the borrowed SIKKA + rewards back from the liquidity pool.
- Claim farming rewards.
- Repay the borrowed SIKKA + Sikka's borrowing interest.
- Withdraw collateralized MATIC.
- Claim GIKKA tokens (ERC-20) issued to the user as a reward for borrowing SIKKA, anytime.
- Liquidate a user's collateral when the pool where the user put their SIKKA in has fallen under the minimum collateral ratio of 130%.
LegalBlockchain Platform: Polygon | Token infoTicker: SIKKAType: Utility-token Token standard: ERC-20 Token price in USD: 1 SIKKA = 1 USD Token distribution: 54% will be allocated to borrower incentives and other incentives 10% will be allocated to a private sale 10% will be incubated 8% will be allocated to Polygon Studio/Launchpad 8% will be allocated to the team and advisors 8% will be allocated to Sikka staking and Liquidity Pool rewards 2% will be allocated to the marketing team |
SIKKA Roadmap
- Increase SIKKA adoption by collaborating with DeFi protocols on Polygon Chain and influencing reward emission using native tokens from multiple DeFi protocols.
- Maintain peg by actively incentivizing with GIKKA tokens the SIKKA liquidity pools across Decentralized Exchanges.
- Allow other DeFi projects to build on top of SIKKA and uncover DeFi composability potential, allowing SIKKA stakeholders to increase their returns.
- Increase SIKKA supply to $1 billion.
- Turn on the SIKKA single-stake pool.
- Sikka Protocol is being extended across many chains.
- Start the Sikka community governance process.
- Other Proof-of-Stake (PoS) tokens may be used as collateral.
- Get listed as basic pairs on centralized exchanges.
- Integrations with popular FinTech apps for daily use.
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