SiennaSwap

Swap like never before
While being 100% private, Sienna also provides low transaction fees due to the inherent blockchain scalability Sienna utilizes.
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You can swap any private SNIP-20 token at Sienna. If you do not have private tokens yet, you can use the bridge to exchange your tokens for the private equivalent. You can always convert them back again.
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This will enable you to trade through SiennaSwap.
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An example of a pair is SIENNA + sDAI (secretDAI).
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Sienna is a pure SNIP-20 token, and sDAI is a bridged token to its ERC20 equivalent, the DAI stable coin token.

Deposits to the pools are the foundation for SiennaSwap
By providing liquidity to a trading pair of tokens, you will help the exchange execute faster and better. In return, you earn some of the trading fees and can further enhance your earning via rewards.
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You can earn 0.28% of your share of the daily volume by providing liquidity to a pair of tokens. Not only do you earn from it - you also contribute to the ecosystem and provide a tremendous amount of value to it. You can select one or multiple pairs of tokens you want to provide liquidity for and every time a swap is made, you receive your 0.28% proportionally to your share of the pool.

Example:
If your proportional share of the pool is USD 1 million out of USD 100 million, you will receive 0.28% of 1% of the daily swap volume. If the swap volume is USD 200 million, you will receive USD 6,000 per 24 hours for depositing to the swap pair pool. You can, of course, deposit a much smaller amount than USD 1 million.
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Siennas AMM is dual and you can deposit tokens for equal amounts in value on each side of the pair.

Earn SIENNA
Rewards is a part of the incentive program at the Sienna protocol. When you provide liquidity to the exchange, you will receive LP-tokens - liquidity provider tokens.
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LP-tokens have two main characteristics. You can use them to reclaim your liquidity or you can deposit them and receive additional rewards.
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When providing liquidity you will receive a matching set of LP-tokens for the specific pair. Not all LP-tokens are eligible for rewards.

In return, you will receive SIENNA according to your share of that specific pool. The amount for each pair will vary. SIENNA pairs will have higher rewards than non-SIENNA pairs.
Tokens are allocated proportionally on a daily basis. If your share of deposited LP-tokens for SIENNA/sETH is 15% you will receive approx. 75 SIENNA per day - but your rewards depends on more sophisticated factors as well, such as:
- how much you have deposited to a rewards pool
- how long you have those tokens deposited, meaning your lifetime pool share will matter too

The proportions amount of SIENNA allocated to each pair defined above can change to allow support for new important tokens entering the Secret Network ecosystem (sBTC, Polkadot tokens, IBC tokens, rewards for SiennaLend etc).
These changes will be subject to governance in the future.

A total of 3.6 million Sienna tokens will be granted as rewards over a four-year period.

The reason for this gradual minting of the 3.6 million SIENNA governance token is to fairly distribute the token to the users of the platform by using Sienna as a platform, thereby having a fully autonomous organization in the future where token holders decide over Sienna.

SWAP

POOL

REWARDS