Blockchain and Cryptocurrency Advanced - The Various Features of SUN.IO: A Comprehensive De Fi Facility in the Tron Ecosystem

Sun.io is one of the many and top platforms in the Tron ecosystem that has gained a lot of growth since it was introduced into the Tron ecosystem and has since risen to become one of the top protocols not only in the Tron ecosystem but in the crypto and DeFi space in general. Sun.io platform is basically an integrated platform protocol that allows for stablecoin swap, stake-mining and self-governance on tron network.

Features of Sun.io platform

The Sun.io platform has its main features such as the SunSwap, Stake, Governance, Airdrop, Century Mining, Swap Stablecoin and SUN Pools. To explore the Sun.io features, I will be visiting the Sun.io platform at https://sun.io

SunSwap

The sunswap feature is basically the decentralized exchange protocol on the sun.io platform that allows for swapping between TRX and tron-based tokens. As a fully independent decentralized exchange protocol, Sunswap comprises of main features such as;

Swap

The swap feature allows users to swap between the different tron tokens such as TRX and other supported tron-based tokens.

Pool

The pool feature allows for adding liquidity to the pool which allows users to become liquidity providers on sunswap protocol. Both assets for providing liquidity is added to the Sunswap protocol at a 50/50 ratio.

LP pools

LP pools on sunswap is basically for mining and allows users of the protocol to stake their LP tokens on SunSwap platform and earn rewards. There are different LP mining options that users can select from to stake and earn rewards based on the determined APY.

Scan

The scan is a section on sunswap that basically allows users to explore the different statistics and details of the different trading pairs on sunswap. Users can also make a search of the trading pair. On the scan section, users can view transactions in 24hrs, new pairs in 24hrs, view the different trading pairs, view the volume and liquidity in 24hrs etc.

SUN swap

This feature on the sunswap protocol allows users to exchange their SUNOLD tokens to the upgraded SUN tokens at an exchange rate of 1 SUNOLD = 1,000 SUN.

Burn SUN

This section on the sunswap protocol gives the insights on the SUN Buyback and Burn. It shows statistics such as total SUN bought, SUN bought but not burned, total SUN burned, and the Burn history.

WTRX and WBTT

The WTRX section allows users to exchange their TRX tokens to WTRX tokens at an exchange rate of 1 TRX to 1 WTRX. And the WBTT section allows users to exchange their BTT tokens to WBTT at an exchange rate of 1 BTT to 1 WBTT.

Help center

The help center section on the sunswap protocol allows users to get more useful information and insights about the sunswap platform.

Stake

The stake feature on sun.io basically allows users to stake different assets and earn rewards. The stake feature gives users multiple staking options so as to unlock rewards. On the stake feature, there are 2 main sections; users can either partake in the SUN locking by locking their SUN tokens for multiple rewards or partake in the Liquidity Pools by holding veSUN to speed up mining.

SUN locking

Users can partake in the SUN locking by locking their SUN tokens for multiple rewards. Locking SUN to earn veSUN. Users who lock veSUN gets the chance to partake in the governance mining which at the moment was split into 2 phases. The phase 1 was already completed and the current phase is phase 2.

Liquidity pools

The liquidity pools allows users to partake in the Liquidity Pools by holding veSUN to speed up mining. At the moment, there are 3 liquidity pools options available for users to stake and earn. The 3 liquidity pools options are 3pool LP, USDC LP and SUN-TRX LP. Each of the liquidity pools options have their own APY. The 3pool LP allows users to stake equal amounts of all 3 stablecoins to earn rewards. The USDC LP gives users the ability to earn 3SUN. The SUN-TRX LP gives users the ability to stake SUN-TRX and earn SUN.

Governance

The governance features gives users the ability to vote in order to decide the weights of liquidity pools. Based on the info on the platform, the governance will take effect on 2021-11-25 01:00:00 (SGT). The other sections are;

APYs of Liquidity Pools - This section shows the current weights and APYs of the available liquidity pools such as effective weights of the current cycle, current APY, latest weight and estimated APY for the next cycle.

The platform voting data - This section shows all the total veSUN votes and the total veSUN votes cast.

My votes - This section which is where the wallet holder/user can select from any of the liquidity pools to vote on by entering percentage of votes. The my votes section will show the current votes and votes used by the wallet holder/user.

Airdrop

The airdrop feature is basically where users can claim airdrops. veCRV holders has the chance to get a share of the SUN airdrops every week.

Century Mining

The century mining feature has two main sections; previous and new. The previous shows all the ended LP. The new is where users can mine from the available LP which is the current mining on sun.io.