Throughout the month of March, the development team has been hard at work to ensure the successful deployment of our platform across several EVM testnets. We've been dedicated to testing and optimizing the systems to meet our high standards for release, ensuring that the user experience is top-notch. With the goal of creating a seamless and intuitive experience for our users we have been conducting thorough testing and implementing user feedback to refine our platform. Despite the challenges faced along the way, our team has remained committed to delivering a reliable and efficient system that exceeds our users expectations. We are excited to continue building and improving upon our platform while working to bring it to the masses.
Aggregator Roll Out
We are looking forward to rolling out the first iteration of Sigmadex. While it may be subjective to call an aggregator the "best" trading solution, Sigmadex offers several benefits that make a compelling option for many users. Firstly, it allows traders to access multiple decentralized exchanges, which improves price discovery and liquidity. This results in better execution prices and reduced slippage compared to trading on a single exchange. In parallel we offer all fees (including gas) to be reimbursed to the users making the swap theoretically costless!
Added benefits to using Sigmadex as your primary source for exchanging digital assets include:
- All transactions fees reimbursed in sSDEX
- Best price is provided for all swaps
- Multi-chain support (AVAX, BNB, MATIC, ETH) with more networks being added
sSDEX can be used on SigmaFi when $SDEX is trading to redeem liquid rewards.
Liquidity Injection Options
Following the release of Sigmadex we will issue the native $SDEX token on multiple networks with the launch of SigmaFi. Liquidity options are as follows:
- Partner with notable CEX for launch
- Build liquidity gateway contracts across notable chains
By creating liquidity gateway contracts across multiple chains, the general public will have the ability to acquire $SDEX at nearly any price point while transforming their capital into liquidity. The discount in price is determined through a formula that takes into account the vesting period chosen, thereby promoting both liquidity and fairness.
DeFi and game theory are closely intertwined between Sigmadex and SigmaFi. As both platforms rely heavily on the behavior of users within its ecosystem. Game theory principles such as incentives and strategic decision-making play a significant role in shaping the outcomes which will ultimately balance the $SDEX token economy.
The Sigma Labs ecosystem, which was initially proposed as a simple and straightforward concept has undergone significant changes over time. As a result, it has become more complex and challenging to understand for people who are not familiar with DeFi.
One of our main focuses is to carefully evaluate the different components of the Sigma Labs ecosystem and identify areas where simplification is needed. This process may involve breaking down complex concepts into smaller more manageable parts, eliminating unnecessary jargon or technical language, and creating visual aids to help people understand how different elements of the ecosystem interact with each other.
Product Market Fit
Achieving product-market fit is essential for any business; this is especially true for crypto-related ventures. Unfortunately in a bull market its often overlooked and replaced with fear of missing out. As the market continues to mature, many projects eventually become phased out due to the lack of use-case, users and fizzled out hype.
The cryptocurrency industry can be highly competitive, especially when the market is hot. It becomes flooded with thousands of projects that promise solutions to various problems (most looking to artificially fill a non existent gap). Only very few of these projects become successful and the main reason for this is the lack of product-market fit. Without a clear understanding of the target market's size, needs and preferences, failure and illiquidity become a reality in the downturn.
Sigma Labs has designed a complex incentive system with multiple layers that allows Sigmadex to offer benefits on several different layers. This is achieved through the provision of data and the retention of liquidity through proprietary smart contracts, both of which are valuable resources for the growing crypto ecosystem.