Crypto Academy Week 15 - Homework Post for @sapwood

in hive-108451 •  4 years ago 

Hello steemins, I'm here to submit my homework task. That carried by @sapwood.

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Q1. How do I connect my TronLink Wallet to Sun.io?(Screenshots needed)

  1. Open your tron wallet.

  2. Go to discover section and search for sun.io

  3. Click on sun.io and click on three horizontal lines at the top right corner.

  4. It will pop up a warning click on enter.

  5. Your wallet will automatically connect with sun.io.

  6. You can see your tron wallet address written there.this means your wallet is connected.

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Q2. What are the different liquidity mining pools? Which one offers the highest APY? How many different rewards do I get by staking LP token? (Screenshots needed)


To see different liquidity mining pools go to liquidity mining section under century mining section in sun.io.

You can see nine different liquidity mining pools.

  • USDT-TRX LP (Tether Stablecoin-Tron).
  • USDJ-TRX LP (Just Stablecoin-Tron).
  • TUSD-TRX LP (True Stablecoin-Tron).
  • SUN-TRX LP (Sun-Tron).
  • WBTT-TRX LP (Wrapped BTT-Tron).
  • JST-TRX LP (Just-Tron).
  • BTC-TRX LP (Bitcoin-Tron).
  • ETH-TRX LP (Ethereum-Tron).
  • WIN-TRX LP (wink tron)

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Highest APY is offered by SUNOLD TRX LP which is 35%.

How many different rewards do I get by staking LP token?

For staking LP token, 5 tokens are given in reward which are TRX (Tron), JST (Just), WIN (Wink), SUN (Sun) and BTT (BitTorrent).

Recently BTCST is also added. But while taking screenshot it was not available so i didn't include it.

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Q3.. How do I obtain LP Token by adding liquidity in Justswap? What is the quantity(Explore through your wallet/Tronscan)?(Screenshots needed)


To add liquidity in justswap-

  1. Go to tron wallet and click on discover.

  2. Search for justswap and click on it.

  3. Go to pool section and enter the amount you want to add to liquidity. And click on supply. I have clicked on maximum.

  4. Confirm this transaction by entering your password.

  5. And your amount will be added to liquidity.

  6. You can see your amount that you have added to liquidity on the top of the page.

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To see that your transaction has confirmed, go to history of tron wallet and you can see all the details related to that transaction including bandwidth used and energy consumed

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4. How do I stake LP Token to earn five different tokens on Sun.io? (Screenshots needed)

To stake LP token on sun.io-

  1. Go to tron wallet and in discover section search for sun.io

  2. Go to liquidity mining pools section and then click on which LP token you have.
    For example i have chosen for USDT TRX LP token

  3. Click on stake and enter the amount you want to stake

  4. Click on confirm. and this will need your password to confirm your transaction.
    And your LP token will stake.

  5. After this, you can see that you have staked your LP token if there is manage written on it and the amount you have staked.

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Q5. Which reward(out of five different rewards) can be withdrawn at any time? How do claim that (indicate that in the screenshot)?


33% of the total SUN reward can be withdrawn at anytime and the remaining SUN reward can be unlocked with other token rewards by week for a period of 24 weeks.

How do claim that?

  1. Go to tron wallet and in discover section search for sun.io

  2. Go to that liquidity mining pool,you staked LP tokens.

  3. Click on manage. Select claim.

  4. Now click on SUN claim.

  5. Click on confirm. and this will need your password to confirm your transaction.

  6. After completing the transaction prosses SUN reward will be deposited in your account.

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Q6. What is the schedule of unlocking the mining rewards? Indicate the total undistributed/distributed mining rewards in the screenshot?


As I mentioned,33% of the total SUN reward can be unlocked at anytime while the other token rewards unlocked on weekly for a period of 24 weeks.

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Distributed reward: Only 33% of total SUN
Undisturbed reward: 67% SUN, TRX, BTT, JST, WIN, BTCST.

Q7. Include the real example of your interaction with Justswap and Sun.io as required in this task? Indicate how a "stake"(in Sun.io) function consumes different "Energy & Bandwidth" than "obtaining LP token" (in Justswap)? You should add/remove a small amount of liquidity to obtain/redeem your LP token(as little as 1 USDT worth)? (Screenshots needed)

Interaction with justswap:-

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Interaction with sun.io

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resourcesun.iojustswap
Actionstakingobtaining LP token
Amount5 USDT-TRX15.33 S-USDT-TRX
Bandwidth313 Bandwidth383 Bandwidth
Energy89,516 Energy60,902 Energy
TRX burned to accommodate the required Energy12.5321 TRX8.52614 TRX

=> In the above table , you can see that Sun.io "stake" function consumes more energy than Justswaps "Obtain LP token" . So TRX also burns more. But The bandwidth is almost the same in both transactions.

Q8. How do I unstake LP token and claim mining rewards(Sun.io)?

  1. Go to tron wallet and in discover section search for sun.io

  2. Click on century mining. Go to that liquidity mining pool,you staked LP tokens.

  3. Click on manage. Select claim.

  4. Enter the amount of LP token you want to unstake. I want to my 100% LP token to be unstaked so I clicked on max.

  5. Then click on claim and unstake.

  6. Click on confirm. and this will need your password to confirm your transaction.

  7. After completing the transaction process, your LP token successfully unstaked.

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All the screenshots are taken from Tronscan.org, Tronlink Wallet, Justswap, Sun.io by me.

Thank You

Cc-
@steemitblog
@sapwood

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