Sikka Protocol - the next generation
stable asset backed by Liquid Staking
Stable Asset SIKKA
SIKKA is stabilized by its own monetary policy that balances
yield generation and price stability on a weekly basis
SIKKA is backed by the capital–efficient Collateralized Debt Position (CDP) of
Sikka Protocol so as to extract yield from volatile tokens and redistribute
the yield into the Stable Asset SIKKA.
Enabling a reference rate
for the DeFi market
Sikka rewards liquidity providers with a stable yield
and the most equitable revenue distribution system.
FAQ
About Sikka Protocol
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.
What is the stable asset SIKKA?
SIKKA is stabilised by its own monetary policy that balances yield generation and price stability on a weekly basis
Where does the Sikka Yield Farming reward come from?
Sikka Protocol partners with liquidity provides to offer a secure and reliable way for users to earn a competitive APY. When users supply SIKKA and other stable asset pairs to the liquidity pool, they receive rewards from LP transaction fees and from the Sikka Revenue Pool.
What is the Sikka Revenue Pool?
Sikka Revenue Pool contains 2 types of income: (i) Liquid staking asset’s reward (APY) (ii) Sikka borrowing interest The Sikka Revenue Pool is distributed back to the liquidity pool so as to incentivize users to become liquidity providers.