What is SUN (SUN)?
SUN is TRON's first one-stop platform that supports stablecoin swaps, token mining and self-governance, providing TRON community members with better stablecoin swap rates and more diverse mining options.
Highlights of SUN
Stablecoin Swap (Token Swap)
SUN will launch a stablecoin swap pool (3pool) to allow swapping between USDT, USDJ and TUSD. In addition to greater efficiency and security, this swap pool has the following advantages over other swap platforms:
- Lower processing fees (only 0.04% per transaction), significantly reducing costs for users;
- Reduce transaction slippage. Users will be able to get more tokens when swapping large amounts of tokens.
- Reduced impermanent losses, significantly reducing financial losses due to price fluctuations for liquidity providers.
In the future, SUN will launch more stablecoin swap pools to build itself into a stablecoin swap platform open to all users.
The SUN platform will also implement a token mining feature, users can mine rewards through the following two ways:
By providing liquidity to the swap pools on the SUN platform, users can receive LP tokens, which are then staked to mine SUN tokens, in addition to 50% of the processing fees that users can receive.
Users can also earn mining rewards by staking SUN. There are two types of staking:
- Stake: By staking SUN tokens, users can earn 50% from 3pool processing fees, distributed in TUSD tokens.
- Stake & lock: Users not only stake but also lock their SUN tokens. In addition to the basic TUSD reward, users can earn additional SUN tokens, which come from the penalty fee incurred when exiting the LP token staking-mining early.
In parallel with the upgrade, SUN will launch a community self-governance plan to extend community autonomy. Community members will be able to decide on issues including but not limited to LP pools volume, mining speed, and processing fees. As a governance token for the platform, SUN grants community users the right to propose and vote with SUN to decide on important issues, as well as benefits such as value capture and staking rewards. , etc.
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