Sun.io Overview
The Sun.io is TRON's first decentralized autonomous platform that integrates stablecoin and comprehensive token exchanges while supporting liquidity mining. It aims to provide better token exchange rates and mining rewards for the TRON ecosystem. Users can lock SUN to obtain veSUN and enjoy multiple benefits.
On June 28, 2023 (Singapore Time), Sun.io launched SunSwap V3. SunSwap V3 enhances capital efficiency through aggregated liquidity technology. Users can add liquidity by selecting token pairs, fee tiers, and price ranges. The exchange fees are distributed based on the proportion of each user's position within the selected range.
On July 31, 2024 (Singapore Time), Sun.io fully supported the introduction of SUN DAO, achieving complete decentralized autonomous management. This allows users to participate in platform governance, enhancing transparency and community engagement.
SUN DAO
Sun.io has decided to introduce SUN DAO to achieve community autonomy and protocol decentralization. SUN DAO primarily facilitates consensus among all participants within the Sun.io ecosystem through governance mechanisms. The SUN token will serve as the platform's governance token. Community users holding SUN tokens will obtain voting rights by locking their SUN. These voting rights can be used to propose, vote, and make decisions on the Sun.io platform; they can also be used to determine the weight of liquidity pool mining.
SunSwap V3
SunSwap V3 utilizes a constant product-based concentrated liquidity model. Building on SunSwap V2, it introduces the concept of virtual liquidity, allowing individual LPs to finely control the price ranges to which their capital is allocated. These positions are aggregated into a single pool, creating a composite curve for user trading.
SunSwap V3 offers users four different fee tier options to support the creation of trading pools for tokens with varying risk profiles.
Stablecoin Swap
The stablecoin swap pools launched by Sun.io support the swap between USDD, USDT, USDJ, USDC, and TUSD. On top of greater efficiency and security, the swap pools on Sun.io also feature the following advantages compared with other swap platforms:
Lower handling fee (only 0.04% for each transaction), greatly reducing the cost for users;
Lower transaction slippage. Users will be able to receive more tokens when swapping a large sum of tokens.
Lower impermanent loss, which remarkably reduces the financial losses caused by price volatility for liquidity providers;
Going forward, Sun.io will launch more stablecoin swap pools to build itself into the go-to stablecoin swap platform for all users.
Token Mining
Sun.io has launched a brand-new token mining feature, which is as specified below:
By providing liquidity for swap pools on Sun.io, users can receive LP tokens, which can then be staked. The exact boosted mining rate will be calculated based on the number of LP tokens staked and the number of veSUN tokens held by users. Users will be able to receive mining rewards which will be distributed in SUN tokens at a faster speed.
In the meantime, users can receive veSUN by locking SUN. Users can also receive 50% handling fee from the stablecoin swap pool according to the number of veSUN snapshots.
Airdrop Plan
To honor the cooperation with Curve Finance, Sun.io grants veCRV holders rights to the platform and will airdrop SUN tokens to veCRV holders.
Sun.io will continue to launch new trading pairs and mining pools, fully leveraging the SUN governance functionality and providing users with staking rewards and governance rewards. Users are encouraged to participate in community governance, with governance mining rewards distributed according to mining pool voting ratios. The platform will also engage in ongoing buybacks and burns of SUN, allowing all SUN holders to benefit from the value appreciation resulting from the token burns.
As Sun.io continues to upgrade, it is set to become a hit on the TRON blockchain and attract more community users and developers to create a booming TRON ecosystem.
Last updated