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

Hello everyone. A warm welcome to season 5 of steemit crypto academy. I am very excited to join this new season of crypto academy. I am going to participate in the homework task for professor @sapwood which is about Sun.io: Sunswap, Staking, Mining,stablecoin swap, veSUN. Lets start.

Screenshot (4298).png

Question 1- Discuss the various features of Sun.io, a comprehensive DeFi facility of the Tron family?

Tron system is a robust blockchain ecosystem which is growing continuously and rapidly getting popularity all across world. It has been involved a lot of products. Two most popular and DEX on the Tron ecosystem are Justswap and Sun.io. A new official domain name of justswap has been acquired by the Suni.io. A few minor changes are brought into the Sunswap and its new version with all those changes is known as Sunswap V5.1.

This has included the mining, swapping of stablecoins, multiple options for LP and self governance. This platform is known as Sunswap where a bundle of features are provided to its users. The people can earn reward by providing liquidity. The reward is in form of SUN.

It is quite easy to access the Sunswap through the Tron wallet. Click on the connect wallet and selecting the Tron wallet, you can connect it with your tron wallet. From the first page, click on the discover button at the bottom. A list of the Dapp on the tron ecosystem will be appear. Search for the Sun.io on the search bar.

Screenshot 2021-11-18 094855.jpg Multiple features are provided by the Sun.io like Swap Stable coin, Stake, Sun pool

The Sunswap

The distribution of the transaction fee is the main and only difference between the Justswap and Sunswap. Usually 0.3% fee is deducted with each transaction on the Sunswap which is distributed among the liquidity provider. The liquidity provider get the reward for providing liquidity in term of the transaction fee. 100% of the Transaction fee is distributed among them.

But in the sun.io, the scheme of part of the transaction fee allocated to the burning has been changed. Now 5/6 of the transaction fee is distributed among the liquidity provider. It is reward of them. The remaining 1/6 of the fee is use to buy and burn the SUN.

The is great step to balance the demand and supply of the SUN. The demand and supply of this coin will remain sable and the platform will work more efficiently. As well as this will encourage the people to earn reward on this ecosystem by providing the liquidity to the pool.

The users on the network are must enter the amount of interest from their hold tokens. They also need to select another token for swapping.

LP Pool

When we click on the LP pool from the manu list, a new page appear with the detail of mining on the Sun.io. A list of the LP token is available here. Multiple options are there to provide liquidity in the liquidity pool to earn reward. These options varies on the base of amount of stake, total APY, etc.

Below are some pairs offering the option for providing the liquidity. When liquidity is provided through these options, 5/6 of the transaction fee is distributed among the liquidity provider. They get the reward for staking their tokens to provide liquidity to the ecosystem.

The Sun Pool

There are multiple staking option on the Sun.io to earn the further reward.
The 3 Pool LP, USDC LP and SUN-TRX LP are among them. The 3 Pool LP has there stable coins which are USDJ, TUSD, USDT. At the time of writing this post, the Base APY of 3pool is 0.31% and reward APY is 4.13%. Total pool deposits is 612,020,981.44$ and daily volume is 7320,931.13$.

The Stablecoin Swap

The Stablecoin Swap feature is appear on the front page of the SunSwap. This feature allow the people to swap the stable coins in much easier and fast way. There are the four standard stablecoins USDT, USDC, USDJ, and TUSD.

The user on the protocol can swab the stablecoin with any of remaining three. Enter the amount of stable coin in From section which you want to swap. Enter the stablecoin in To section with which you want to swap your stable coin. Then click on the sell button. Screenshot 2021-11-18 094855.jpg

Staking

Staking is also a source of income on the Sun.io. We can earn high reward by staking our SUN on the platform. The staking the SUN on the platform enable the participants to participate in voting and they can earn reward for locking their assets. Screenshot 2021-11-18 094855.jpg

Question 2- Visit Sunswap and scan the different LP pools? How many different LP tokens are available in Sunswap? 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?

Accessing the Sun.io is quite easy through Tron wallet. Click on the connect wallet aand selecting the Tron wallet, you can connect it with your tron wallet. From the first page, click on the discover button at the bottom. After that click on the SunSwap from the next page. Then click on the three parallel line on the top left corner. A dropdown list will appear showing multiple features of the Sunswap. There will be Scap feature on number three. CLick on it.

Screenshot 2021-11-18 094855.jpg Available LP Tokens

At the time of writing this post, the total available LP tokens pair are . These are A new LP has been introduced on the Sunswap.io in last 24 hours.

Fee generated in last 24 hours

A list of the pairs is there. We can explore any among these by just one click. To get to know about the fee generated by the Sun Scan, go to sun scan and click on it to explore it. 5414.1864$ Fee is generated in last 24 hours.

The 5/6 percent of the generated fee is distributed among those who provide the liquidity to liquidity pool of this platform. The liquidity provider get the reward for that. 5/6 of the fee is their reward. The
5414.1864$
is the fee generated in last 24 hours. 5/6 of this fee will be distributed among liquidity provider. The remaining 1/ of the fee will be used for burning. It will use to buy back and burn the SUN.

5/6 of the generated fee is = 5/6(5414.1864) = 4511.822

1/6 of the generated fee is= 902.3644 Screenshot 2021-11-18 094855.jpg

Question 3- Deposit either 3 Pool LP or USDC LP or SUN-TRX LP in Sun.io. Stake them to maximize the mining rewards? Demonstrate the entire process with a real transaction? (Screenshot required)? Include the resource consumption statement, take the help of Block Explorer?

After connecting with your tron wallet, click on the discover option at the bottom of the first page.
Enter
https://sun.io/?lang=en-US#/stake in the search bar to perform the real transaction.
A new window will be appear. Scroll down page and click on the SUN-TRX Lp option.
Click on the Get LP
Another page will be appear where I will have to enter the USDC amount which i want to deposit but before that I have to swap some of my TRX into SUN. I enter the TRX which i want to swap into SUN. And at last click on the Swap. Swapping of TRX into SUN is done
Now enter the amount TRX and SUN.
Then click on the Supply button. Confirm the supply button.
A pop will be appear to notify that your transaction is done.
You can check your transaction now from the Tron Scan block explorer.

https://tronscan.io/#/transaction/9cd76b2c288e8a514eacac5bce533c5a2fed821e26b1fc845cf37fd1d73f1df0?lang=en

https://tronscan.io/#/transaction/526a1f73c24f1adcff89476f591cb7a5eed47cad3409e23bf62dd60c4f7e8297?lang=en Screenshot 2021-11-18 094855.jpg

Stake them to maximize the mining rewards?

Again go back to manu button. Now select the Stake option.
A new page will be appear. Select SUN TRX LP from there.
Click on the Stake button
Enter the amount which you want to deposit
CLick on the deposit button
Confirm transaction
Confirm the transaction from the Tron scan block explorer.

https://tronscan.io/#/transaction/11a67449255e8bc3b96bc655ac10a639eec7febdf989eefbf8743f449c88e39e?lang=en Screenshot 2021-11-18 094855.jpg

Question 4- What is veSUN? What is the 3-in-1 benefit of holding veSUN tokens?

veSUN stand for Vote Escrowded SUN. The veSUN is a project on the Tron network which is in its Phase 2. The phase 2 was started in September 2021 and will end in June 2026. WHen we lock the SUN on Sunswap, we get the veSUN. That's why its name is Vote escroded SUN. This give the voting right to the participants who have locked their SUN.

It is also known as the second phase of governance mining because veSUN play very important role in governance of the SUN mining. This phase will end in 2026. The users are allowed to stake their SUN for minimum 6 months and maximum 4 years. where the users are allowed to lock their assets(SUN) for maximum 4 years and can earn high reward.

The reward is depend on the duration for which we lock our amount. If we lock for long period of time, we can get high amount of veSUN as reward. If user lock the token for 6 month which is minimum duration, he will enjoy the 12. 5% veSUN. But is user lock token for 4 year which is maximum duration, he will enjoy the 100% of veSUN as reward.

The veSUN is highly beneficial as its give more voting rights to the user. Moreover the veSUN can speed up the mining to great extent The user can mine now more because veSUN has increased the mining capacity to 2.5x. By locking the SUN, the users can earn high profit because half of the stablecoin swapping fee is distributed among the users who hold the veSUN. Screenshot 2021-11-18 094855.jpg

3-in-1 benefit of holding veSUN tokens

There are three main benefits of holding veSUN. The veSUN allow the user to participate in governance of the mining. Here are some mor benefits of holding the veSUN

The veSUN holders get the right to vote decide the weight of the liquidity pool. Every Thursday at 8.00 SGT, the veSUn holders decide weight of the liquidity pools.

The veSUN can speed up the mining speed to great extent. The user can mine now more because veSUN has increased the mining capacity to 2.5x. It boost up the mining speed of the user. as high as 2.5x

Holding veSUn is highly beneficial because the people holding the veSUN are rewarded with each swapping of stablecoin on the platform. By locking the SUN, the users can earn high profit because half of the stablecoin swapping fee is distributed among the users who hold the veSUN. 50% fee of sablecoin swap pool is distributed among the veSUN holders.

Screenshot 2021-11-18 094855.jpg

Question 5- What is the stablecoin swap facility in Sun.io? How many different stablecoins are supported in the SUN platform? What is its use in the context of staking & mining?

Stablecoin swap is the one of the beast and big facility provided by the Sun.io. This allow us to swap the stable coin in more efficient way with less trading fee. We can perform the swapping of any available stable coin on the stablecoin swap interface. There are multiple interfaces where the user can perform swapping of any other token. Some such interface provide swapping of the stable coin too. Its mean that such interface provide facility of swapping of both stablecoin and ordinary tokens. But the stablecoin swap interface is only use for swapping of stablecoin tokens.

It is quite easy to swap stablecoin. Even if someone is new on this platform, a complete information about this interface is available on the first page. This is the First integrated platform for stablecoin swap, stake-mining, and self-governance on TRON. The total locked valued is $ 3,050,669,367. The staked value of stablecoin pool at the time of writing this post is $ 612,022,539. The staked value of Sunswap pool is $ 1,731,405,550. And the Staked value of mining poos is $ 707,241,277.

Screenshot (4296).png

There are the four basic stablecoin listed on sun.io. We can swap any stablecoin with any of remaining three. These stablecoins are USDT, USD, USDC and TUDSD

The swapping facility of stablecoin is provided on the platform in more efficient and fast way. For this we have 3Pools which are USDT, USDJ & TUSD. ANother pool USDC is there which combine USDC and 3SUN.

Total deposits of stable coin is 7.09% and the stake is 41.23%. Staking of stablecoin is profitable. The value of stable coin remain stale. The market behavior does not effect the stable coin. They retain their value. So the mining of stable coin is secure and profitable. The swapping of one stable coin into any other is quite easy. Write the token which you to swap. Write another token with which you want to swap. Enter amount of swaping and click on sell button. Then enter password to perform your transaction.

https://tronscan.io/#/transaction/3d0feeb70e142c9eb341ab98d4b70507221ac9dfedb0486037c7853674ef699b?lang=en Screenshot 2021-11-18 094855.jpg

Conclusion

A new official domain name of justswap has been acquired by the Suni.io. A few minor changes are brought into the Sunswap and its new version with all those changes is known as Sunswap V5.1. This has included the mining, swapping of stablecoins, multiple options for LP and self governance. The people can earn reward by providing liquidity.

The reward is in form of SUN. This platform is known as Sunswap where a bundle of features are provided to its users. In the sun.io, the scheme of part of the transaction fee allocated to the burning has been changed. Now 5/6 of the transaction fee is distributed among the liquidity provider. It is reward of them. The remaining 1/6 of the fee is use to buy and burn the SUN.

Thanks to professor @sapwood for this amazing lecture. It was tough though but still i enjoyed it.

^{Note: All the screen shorts are taken by me using the Tronlink wallet}