Sienna Network

One of the most critical problems with decentralized finance is the fact that most of its applications are not private.

Do you know they're still protocol that can help you stay private?

Let me introduce you to Sienna_network, a cross-chain, privacy-first protocol for DeFi.

1/


Introduction

Sienna Network is a cross-chain, privacy-first protocol for decentralized finance (DeFi), which empowers its users to manage their tokens securely, with no outside interference or intrusion, knowing that outsiders will not be able to view the details of the transaction or compromise their identity to any 3rd parties.

Sienna is built on Secret Network - the first blockchain with privacy-preserving smart contracts, or "secret contracts" that have encrypted inputs, outputs, and state.




2/
Why you should choose SIENNA? 🤔
1. Privacy By Default:
Sienna is built on Secret Network, which is the first blockchain with privacy-preserving smart contracts. This means no one can see your wallet balance, all transactions are completely private and allows you to build privacy-first applications on top of it.
2. Front-running Mitigation :
Sienna's AMM (a privacy-first decentralized exchange) is inherently front-running-resistant due to its private nature. No one can follow or exploit your positions.
3. Instant transactions and low fees
Secret Network is highly scalable, transactions get confirmed in seconds and cost a fraction of Ethereum’s. Due to Sienna Protocol being scalable, transaction cost is low. This means all types of investors can participate in the ecosystem without getting eaten up by high transaction fees.
4. Automated Market Marker
Sienna’s Automated Market Maker (AMM) is a balance principle market maker. Instead of running an order book with bids and asks, which have to match and delay trades and makes them expensive to execute, SiennaSwap requires liquidity providers to deposit both tokens from a given pair.




3/
Features of Sienna
1. SiennaSwap
SiennaSwap runs on Secret Network, with privacy-preserving smart-contracts with high scalability and low fees due to the inherent blockchain scalability Sienna utilizes. Transactions are executed almost instantly, and with privacy combined, front-running is effectively mitigated.
2. SiennaLend
SiennaLend is the first private lending protocol to enable private lending for multiple blockchain ecosystems while maintaining your privacy. It is permissionless and has no signup requirements, no limit to deposits, no centralized party to freeze your account, and is governed by the SIENNA governance token. Users can earn yield by providing secret token for to borrow or borrow tokens by providing against collateral. Sienna Lend markets include sBTC, sETH, sBNB, sSCRT, sUSDT, sUSDC, sOSMO and more.
3. SiennaDAO
SiennaDAO enables the full governance based decentralization of Sienna Network. Users will be able to vote on governance proposals and make decisions regarding the future of the protocol by holding the SIENNA token.
4. IBC Wrapping: SiennaSwap features a built-in wrapping tool that allows users to convert their native Inter-Blockchain Communication protocol (IBC) tokens into secret tokens. To do this, users must first perform an IBC deposit directly on SiennaSwap.


Here's a step by step guide to wrap/unwrap IBC tokens on SiennaSwap
https://docs.sienna.network/main/ibc-wrapping/how-to-wrap-unwrap-ibc-tokens-on-siennaswap
5. Bridges:
This allows users to convert tokens from multiple ecosystems into secret tokens, where all transactions are private-by-default.


For more details, visit https://docs.sienna.network/main/bridges/bridging-sienna
6. Token:
Holders of SIENNA have voting powers. 1 SIENNA = 1vote. Whenever a proposal is given you can vote for it with SIENNA tokens. Also all token holders with more than 30,000 SIENNA tokens can submit a proposal to the network.



4/
Tokenomics
Name: SIENNA
Symbol: SIENNA
Decimal: 18
Type: SNIP - 20
Network: Secret Network
Total Supply: 10M



5/
Where can I trade SIENNA?
You can trade SIENNA on SiennaSwap, Kucoin, Uniswap, PancakeSwap, MEXC Global, Hotbit, Gate.io, and BitMart.



6/
Wallets
Wallets that support the SIENNA token includes Kepler Wallet and Citadel.one



7/
Roadmap
A roadmap is a high-level visual summary that helps map out the vision as well as the direction of a specific product offering throughout a pre-specified time period. This roadmap communicates the why as well as what SIENNA is building.



8/
Audit
All of Sienna Network's products are thoroughly audited by reputable firms such as CertiK and Halborn.


For more details, visit https://sienna.network/audits/



9/
Sienna Contributors & Partners
Sienna Network is currently surrounded by a strong ecosystem as well as a number of keycontributors developing network tooling, core protocol functionality, and more.
Senius is the leading contributor to Sienna Network.



For more details
https://sienna.network/contributors/

If you want to stay private, with no outside interference or intrusion, no compromise of your identity to any 3rd parties. Then you should check out SiennaNetwork

Disclaimer: This is only intended for informational purposes only and should not be considered financial advice. Always DO YOUR OWN RESEARCH ($DYOR)



Reference: sienna.network