veSUN

By locking SUN, users can get veSUN (which is consistent with the veSUN in Phase 1).

Rules of locking SUN and obtaining veSUN are as follows:

• Locking period: The period for locking SUN in V2 lasts from 26 weeks (6 months) to 4 years (365 days*4). All locked SUN will be unlocked at the same time, and the maximum locking period is 4 years. The user can choose a time between "26 weeks (6 months) to 4 years from the day when his/her last lock expires" for his/her latest lock. Once a time is chosen, all locked SUN will be unlocked at this time. All locks will expire at the same time.

• veSUN calculation: Quantity of veSUN = Quantity of locked SUN * (Expiry date - Current date)/4 years. Users who lock SUN for 4 years (365 days * 4) can receive the same amount of veSUN as the SUN locked.

Users are entitled to multiple benefits when they hold veSUN.

Specific benefits are as follows:

• Earn TUSD rewards

A snapshot of users' veSUN balance will be taken each week, upon which 50% of fees from stablecoin pools in the week will be rewarded to users in proportion to their veSUN holdings;

• Accelerate liquidity pool mining

Users who hold veSUN can raise their mining speed in liquidity pools to as high as 2.5x. Users can calculate their boost using the calculator on the webpage;

• Vote to decide the weights of liquidity pools

Users can vote for the mining in liquidity pools with veSUN. The voting snapshot at 08:00 every Thursday (SGT) determines the mining weight of each liquidity pool from 08:00 of the day to 08:00 next Thursday (SGT).

Meanwhile, users can also lock SUN for SUN rewards, which come from the penalties for early exits from vesting in Phase 1. The conclusion of Phase 1 will lead to a drop in SUN rewards, and users can check and claim their rewards in the SUN staking pool of Governance Mining Phase 1.