What are SIP-10 Tokens?
SIP-10 (Stacks Improvement Proposal 10) is a fungible token standard akin to Ethereum's ERC20, essential for creating fungible tokens on the Stacks blockchain. It prescribes a set of attributes that ensure uniformity across tokens within the network. Utilizing the Ordinals Protocol, SIP-10 enables seamless deployment of token contracts and interactions with tokens, enhancing interoperability within the Stacks ecosystem.
SIP-10 tokens integrate into decentralized finance (DeFi) protocols and other Stacks applications, paving the way for innovative financial products and services. This standard not only extends the utility of the Stacks network but also supports the programming of custom logic through Clarity smart contracts, fostering experimental and versatile token use.
What Can I Do with My SIP-10 Tokens in Leather?
In addition to sending and receiving SIP-10 tokens, Leather wallet can connect users to:
Crypto exchanges: buy and sell SIP-10 tokens on some of the world’s biggest crypto exchanges.
Bitcoin DeFi: swap tokens, contribute to liquidity protocols, access SIP-10-backed loans.
NFT Marketplaces: Utilize SIP-10 tokens in NFT marketplaces that support them, buying, selling, or trading digital collectibles inscribed on the Bitcoin blockchain.