Sun.io: Sunswap, Integrated stablecoin swap, Staking, Mining, veSUN, etc.- Steemit Crypto Academy- S5W1- Homework Post for @sapwood

I shall discuss the Sun.io platform of Tron Blockchain as a comprehensive DeFi platform. Sun.io has been in the evolution of progressing to the next greater height of decentralized finance in Tron Blockchain.

In the previous season, I used Sun.io for century mining and liquidity mining, but the progress since then is phenomenal, a lot of features has been added lately, with Justswap now as SUNswap.

(1-a) Sunswap

Automated Market maker decentralized Exchange Justswap is now Sunswap with a recent announcement from Tron. The Exchange fee is 0.3% and 83.3% is paid to liquidity providers, the rest 16.7% is used for buyback and burn SUN.

This is the new update in the fees protocol and it will boost the demand for SUNn in the long term perspective.

(1-b) Stablecoin Swap

Four stablecoins are supported in Sun.io. USDJ, USDT, TUSD, USDC. USDC has been added recently. Stablecoin swap in Sun.io is different from Sunswap. Stablecoin swap is an integrated feature of Sun.io. It charges a much lower fee as compared to Sunswap, 0.04%. But it is operated through a smart contract, so this is also a decentralized exchange of Sun.io.

(1-c) Governance Mining, Phase-2

SUN Locking is an important feature of Governance mining and staking. The users who stake SUN to obtain veSUN have an advantage over the normal users. They get more rewards, they can vote and decide the proportion of the share in the mining pool of Sun. They can also speed up the mining

(1-d) Sun pools

The three pools, 3Pools, USDC Pool and SUN-TRX Pool constitute the Sun pools. The mining rewards shares of the three pools are determined in a voting based protocol of veSUN stakeholders.

(1-e) WTRX

TRX is the naive token, WTRX is the wrapped TRX which is a TRC20 token. Sunswap has this feature to swap TRX for WTRX and the other way around.

(1-f) Burn SUN

The fees from Sunswap trading is split in a ratio of 5/6:1/6. 5/6, which is 83.3% is paid to the liquidity providers, the rest 16.7% is utilized for buyback and burn SUN.

(1-g) Redemption of Old SUN to New SUN

The ratio is 1:1000 for Old SUN to New SUN. Sunswap has added this feature to allow the user to quickly and easily swap their Old SUN for New SUN.

(1-h) Sun Scan

A scan feature has been added in Sunswap to quickly get the transaction volume, liquidity and fees of the different exchange pairs in Sunswap.

• Visit https://sun.io/ => Click Sunswap
• Sunswap will open in a new window or tab
• Connect to wallet

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

• Click Sun scan to get the list of different LP tokens, their trading volume and fees generated.
• To add liquidity in any pair, click on Add Liquidity and to trade a pair click on Trade.

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

The exchange fee in Sunswap is 0.3%. I opened a trade for the TRX-SAFEMONEY pair, I entered 15 TRX as input, the output is 241 million SAFEMONEY. I have highlighted the expected fee for this transaction which is 0.045 TRX.

Exchange fee= 0.045/15= 0.3%

83.3% of this fee is paid to liquidity providers and 16.7% is paid for buyback and burn SUN. The ratio of this split is 5/6:1/6.

The liquidity provider can add liquidity here.

All the transactions are through smart contract triggers for which bandwidth and energy are required resources. If you do not have the resources for the transaction, keep some TRX in your wallet to compensate for the resources.

Based on the available data in Sun scan, how much fee did it generate in the last 24 hrs? What percentage of that fee is being utilized to buy back and burn SUN?

There are 126 pairs on the Sunscan page, but only 36 pairs were traded in the last 24 hours. I will take the last 24 hours fee of all the 36 pairs and put them on an excel sheet to calculate the fees generated in the last 24 hours. I will calculate what percentage of this fee is used for buyback and burn SUN.

Total fees in the last 24 hr are $568.71. 16.7% of this fee is used for buyback and burn SUN which is $94.98.

Or

I have an S-USDT-TRX token. I have prior experience of staking and mining in liquidity pools. So today I will stake SUN to obtain veSUN to explore and learn new things from this task.

Stake SUN to obtain veSUN. Demonstrate the entire process with a real transaction? (Screenshot required)? Include the resource consumption statement, take the help of Block Explorer?

Steps to obtain veSUN from Sun.io:

• Visit https://sun.io/?lang=en-US#/stake => Connect your wallet.
• Select TronLink wallet
• Click Connect to TronLink wallet.
• Go to SUN Locking now, then click on Lock SUN to get veSUN
• I would lock 15 SUN, the period for two years, in return, I will get 7.5 veSUN
• Click on Deposit
• Now a pop-up will appear, requests your signature to approve. Click on Sign to approve.
• After that, another pop-up will appear to trigger the smart contract. Click on Sign.

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

I have gained 7.45 veSUN votes by taking 15 SUN for a period of 2 years from today. The APY for staking SUN is 9.58%.

^{Image Source: https://sun.io/}

Transaction history/details from TronScan.org :

^{Image Source: Tronscan}

As I have staked 15 SUN for a period of 2 years on Sun.io, I obtained 7.5 ve SUN. And this transaction consumed (345 Bandwidth+22,454 Energy) and (379 Bandwidth+474,944 Energy) respectively. I don't have much TRX to obtain that many resources, so it burned (6.28 TRX+132.98 TRX) total.

SUN is a TRC20 token listed in Huobi, Binance and other major exchanges. Sun.io is a comprehensive DeFi platform for staking, mining, swapping stablecoins, etc. Sunswap is another facility that comes under Sun.io for the exchange of TRC20 tokens.

veSUN is similar to veCRV token. It is a vote escrowed contract token, which is obtained by staking SUn tokens in Sun.io.

veSUn stakeholders reap 3-in-1 benefits by staking veSUn tokens.

(1) The first benefit is the voting power they get. By staking 15 SUn tokens for 2 years, I got a voting power of 7.5 veSUN. I can use that voting power for liquidity pool adjustment and their mining share in Sun Pools.

Let me explain to you how.

• Visit https://sun.io/?lang=en-US#/governance
• Click on Governance

^{Image Source: https://sun.io/}

^{Image Source: https://sun.io/}

There are three pools with a different share of mining weight:

• SUN-TRX LP- 48.63%
• 3Pool LP- 36.42%
• USDC LP- 14.95%

Now I have 7.5 veSUN votes. I feel that 3Pool LP should get more mining reward share. Then I must go to the Governance page where voting happens and is counted weekly, on Thursday. I must cast my vote for 3Pool LP.

^{Image Source: https://sun.io/}

If the majority of veSUN stakeholders vote for 3Pool LP, the mining reward share will be reset next Thursday. In summary, every Thursday depending on the vote share, the mining reward share of 3 different pools of the Sun platform is determined.

(2) The second benefit is earning APY. this APY is not fixed and it depends on the exchange fees of the stable coin swap of Sun.io. If more users trade in the Stablecoin swap pool, more trading fees will be generated. 50% of the stable coin swap fee is given to veSUn stakeholders. This APY is calculated on veSUN quantity, not on SUN quantity locked.

^{Image Source: https://sun.io/}

The current APY for veSUN stakeholders is 9.58%.

(3) The third benefit is mining speed. The veSUN stakeholders get a favourable mining speed up to a max of 2.5 times the normal speed.

^{Image Source: https://sun.io/}

Sun Pool- 3 Pool LP

The APY with normal mining speed in 3Pool in Sun.io is 1.66%
The APY with using a booster in 3Pool in Sun.io is 4.16%.

Here the booster is veSUN tokens. So how much speed can the miner enhance depends on veSUn quantity he holds.

For simplicity of use and to know how much veSUN token is required to achieve 2.5 times mining speed than the normal, use the Booster calculator. Click on Booster Calculator. Enter the quantity of 3 Pool tokens.

^{Image Source: https://sun.io/}

For 100 3Pool tokens, the normal speed is 1.66%, which can be achieved without veSUN.

I am a veSUN stakeholder and I have 7.45 veSUN. With 7.45 veSUN, I can only get a speed of 1.23 times the normal speed. For the maximum mining speed of 2.5 times the normal speed, 48.16 veSUN I need.

There is a list of supported stablecoins in Sun.io, please don't mistake with Sunswap. Sun.io has an integrated stable coin swap feature. The good thing about Sun.io integrated stable coin sap is that a min 0.01 USD can also be exchanged. The fee is less than Sunswap, 0.04%. Half of these fees are distributed among veSUN stakeholders.

^{Image Source: https://sun.io/}

Use of integrated Stablecoin swap

Sun Pools have 3 Pools LP where the users need three stablecoins in the equal percentage of share. USDC LP also has USDC stable coin as one of the two coins in that pool. If a user has only USDJ or USD or TUSD, he can easily exchange for the one he required for the Pool.

Therefore for Sun Pools, integrated Stablecoin swap is an important feature to facilitate the users trade their available stablecoins for other required stablecoins.