Hello my steemian friends. How are we all doing today? Hope fine. I will be exploring the homework task of @sapwood who taught us on the topic Sun.io: Sunswap, Integrated stablecoin swap, Staking, Mining, veSUN, etc.

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

JustSwap was recently bought over by Justin Sun and renamed SunSwap. It is the first Defi for tron tokens that supports so many operations. The blockchain operations supported by this Defi are

Stablecoin swapping

Staking
:
Mining and

Self governance of tron.

The multiple transactions that could be done on the sun.io makes the tron ecosystem more prolific to users. In addition to providing liquidity, a portion of the fees charged will be used in buying and burning Sun token, thus ensuring constant supply of the token.

Let us now open Sun.io and explore its features the more.

On the search bar of the chrome app, type in sun.io and search, the homepage comes up.

The homepage shows the total value in dollars locked up in the Defi. From the homepage, we can also see the CONNECT WALLET box, thru which we can connect the platform to our wallet to perform any transaction. We will also see the breakdown of the total amount locked. These are broken down according to their separate lp pools.

These pools are

● Stablecoin Pool

● Sunswap Pool

● Staked value of mining pool

At the top right, we will see two small lines, when you click on it, it will show various transactions that could be performed.

Various features of sun.io are seen in the drop down menu.

Now lets explore these features.

3 pool Swap

This is a feature of Sun.io in which a user can swap among three stable coins. These stable coins are USDJ, USDT and TUSD. for a user to complete this transaction or swapping, he will need to add liquid into all the 3 stable coins pools, in order to receive the 3Pool LP token, which could be staked again to earn more rewards.

The slippage is very low and the fees are very minimal.

USDC POOL

This is a pool of the stable coin USDC and 3SUN. Users who wants to receive the 3SUN token comes to this USDC swap page, swapping their USDC for 3SUN and vice versa.

In this feature, you can also add or remove USDC liquidity.

From the screenshot below, I USDC is equal to 1 3SUN.

SunSwap

This is another important feature of sun.io. It contains several other feature that enhances users experience. The features are

● Swap

In this page, you can swap any of the 13 Trx token for another one. From Trx to HT to BTT.

● LP Pools

When you click on lp pool, it takes you to SunSwap Mining page. There we can see various LP tokens that can be acquired by adding liquidity to the various pools. These LP token can be staked here and mine Trx and other Trx based token. We can also observe that Apy of the various mining pools vary.

So the user will have to make his own choice.

Below are the screenshots of the various mining pools

● Scan

This feature in SunSwap helps us to know the various trading pairs available, we can also use the search bar to locate faster the trading we are looking for.
The page also assist users to scan for any transadtion they may have consummated. Presently there are 117 pairs, 455 transactions done and 4 new pairs added within the past 24hrs.

Liquidity and volume chart can also be seen on this page.

● Sun Swap

This page only supports the swapping of SUNOLD to SUN. The swap rate is 1 SUNOLD to 1000 SUN.

● Burn SUN

With the recent purchase of Justwap and change of its name to SunSwap, a percentage of the fees will be used to buy back SUN and burn SUN too.
So this page is for that purpose. We can see from the screenshot below, nothing has been done yet.

● WTRX

Wtrx is the native token of trc20 while Trx is the native token for Tron. It is called Wrapped Tron. This page is for swap Trx to Wtrx and vice versa. 1 Trx is equal to 1 Wtrx.

● WBTT

Just like in the case of WTRX, WBTT is also an equivalent of the BTT.. This feature provides an avenue where WBTT is exchanged for BTT and vice versa. This WBTT enables BTT holders to perform transactions in the tron blockchain.

Staking

In this feature, the user can stake LP token received to earn SUN. The LP tokens accepted here for staking to mine SUN are

1. 3Pool Lp token

2. USDC Lp token

3. SUN-TRX Lp token.

A user who earns SUN from these staking, can now lock up the SUN to earn multiple rewards in the form of veSUN.

Governance

This feature enables users to cast their votes and determine what should be the weight of the liquidity pools. The pools that their weight will be decided are 3Pool LP, USDC LP and SUN-TRX LP.

As at the time of writing, the next vote will take place on 25th November, 2021.

Airdrop

This feature makes provision on how veCRV holders will rec3ive SUN airdrops. veCRV(vote-escrowed CRV is gotten when holders of CRV token stakes their coin for a period of time. The longer the staking period, the more SUN token airdrop that will be received. This airdrop will take place for 52 weeks.

Century Mining

This page provides you with information about mining pools that have ended. It also give you information on current ones taking place.

Visit Sunswap, scan the different LP pools? How many different LP tokens are available in Sunswap? Depending on the available data in Sun scan, how much fee did it generate in the last 24 hrs? What % of that fee is being utilized to buy back and burn SUN?

Identifying the different pools

We will have to go back to sun.io homepage, click on the two line at the top right, and select Sunswap. Then click on the 3 lines and selct LP Pools.

SunSwap mining homepage opens, scroll down and you will see the different LP Pools. They are nine in number. They are

◇ NFT-TRX LP
◇ USDJ-TRX LP
◇ TUSD-TRX LP
◇ USDC-TRX LP
◇ WIN-TRX LP
◇ BTC-TRX LP
◇ ETH-TRX LP
◇ USDT-TRX LP
◇ WBTT-TRX LP

**Scanning the different LP Pools.

To do so at sunswap.com page, click on the small lines at the top right and select scan from the drop down menu.

The landing page comes out.

Now let us scan for **NFT-TRX **pair

This pair have a liquidity of only $56,759,015, transaction number of 2,765 and volume $7,348,775 in the past 24 hours. The pooled tokens are Trx = 273,950,648.8961 and NFT = 6,191,895,663,118.1323. When we go down the page, we will see all the transactions that have been performed so far, the pair address which could be used to view on tronscan. We will also see the liquidity chart and and volume chart as well.

USDJ-TRX

For this pair, we have a liquidity of $3 and a staked trx of 19.42 USDJ = 2.1326. No transaction or volume for the past 24 hours.

Other details can be seen as you scroll down the page.

TUSD-TRX

Regarding this particular pair, the liquidity is $58,011,966. The volume is $3,683,595 and transaction count is 899. The pooled tokens are trx= 282,048,423.6118 and for TUSD = 28,746,770.1566. The screenshot is shown below.

USDT-TRX

This pair have a liquidity of $21,570, a volume $14,165, transaction count of 59. The pooled tokens are trx= 105,999.8608 and that of USDT = 10,766.3125. The charts are shown below. The txns done can also be see as you scroll down together with the pair address.

WIN-TRX

The WIN-TRX pair has a liquidity of $56,498,252, a volume of $7,579,994 and transaction count of 1976. The pooled tokens are trx = 277,914,472.7215 and win = 38,564, 217,743.6919. All other information can be seen on the page downwards.

WBTT-TRX

This pair have a liquidity of 146,620,825, a volume of $ 2,649,757 and transaction count of 851. The pooled trx tokens are = 721,504,144.8686 and WBTT = 22,377,626,796.1661. The transaction can still be seen on tronscan with the pair address.

BTC-TRX

The btc-trx pair has a liquidity amou t of $148,177,963. It also has a volume of $4,875,916 and a transaction count of 694. The pooled tokenx are trx= 729,166,640.951 and Btc = 1,283.9248.

ETH-TRX

From the seaech conducted for this pair, it has a liquidity of $26,431,208, a volume of $ 2,614,294 and transaction count of 456. The pooled tokens are trx = 130,564,91.5227 and ETH is = 3,263.2319. Other detail like the pair address, liquidity chart, volume chart can also be seen.

USDC-TRX

From SunSwap.com, we noticed that the liquidity value of this pair is $41,909.814, the volume = $3,311.163. The transaction count for 24hrs is 781. The pooled token value are for trx = 206,233,353.7776 and USDC = 20,968,911.7464.

Fees Generated

The fees generated for the various pools as at the time of writing this are shown in the table below. Additionally, the percentage taken for buyback of SUN and burning SUN will also be shown n the table.

LP POOL	FEES WITHIN 24HRS($)	% ($)of fees used for burning and buying back SUN(1/6 of fees)
USDT-TRX	94,531.8668	15,786.822
BTC-TRX	14,325.722	2,392.396
WBTT-TRX	8,012.3004	1,338.054
USDJ-TRX	22,231.4301	3,712.649
TUSD-TRX	12,496.4102	2,086.899
WIN-TRX	22,767.4496	3,802.164
NFT-TRX	23,613.6318	3,943.477
USDC-TRX	10,075.2444	1,682.566
ETH-TRX	7765.0661	1,296.766
TOTAL	215,819.1214	36,041.793

The total amount to be used for SUN burning and buying back is $36,041.793.

This was generated as at the time of writing this work.

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

We will need to swap trx to usdc using sunswap. Enter the sunswap home page, and conduct the swap. Enter the amount of trx you will want to swap.

Then click on swap. It will bring out another dialogue box, asking for us to confirm the swap. Reconfirm the information entered and click on confirm swap.

We will be required to approve amd sign the transaction using our password. We will that the transaction have been concluded.

The next thing is add liquidity to add liquidity to the pool. This is done by going to the swap section of sunswap and follow the transactions as seen on the screenshots.

Approve the transaction to enable you carry out the supply.

Click on confirm supply, follow the steps and sign with your password.

Having supplied liquidity amd USDC LP is received, go to sun.io, select the staking feature. Amongst the staking pools.

Click on the USDC LP. Once the page opens, click on stake. This is where you deposit the USDC LP token. Click on max to deposit all.
A dialogue box will come out asking for approval and then signing of the transaction. Enter your password and then it is done
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What is veSUN? What is the 3-in-1 benefit of holding veSUN tokens?

veSUN

veSUN is known fully as vote escrowed SUN token, and is the flair of the phase 2 of the SUN.io protocol. It gives the holders or users the voting rights for a specific period of time from 6 months to 4 years depending on the period the user staked it. This token is very important in the governance of the SUN mining.

Other important features of hodling the veSUN token is that with it users can increase their mining speed up a maximum of 2.5 times. They also earn additional rewards from a percentage of the stablecoin swap fees which is distributed to them.

Another benefit of owning this coin is that the weight of the liquidity pools in sun.io are determined via voting by the veSUN community.

3 in 1 Benefits of holding veSUN

To highlight the 3 in 1 benefits of holding veSUN. They are

● It helps the holder to boost his mining speed thus increasing the rewards earned via mining.

● They have the priviledge of participating in the sharing of 50% of transaction fees from the stablecoin swap window in sun.io.

● They also enjoy the voting rights they have in governing the ecosystem and determining the weight of the pools.

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

This is an interface in sun.io that provides a medium where stable coins are swaped. Only stable coins are swapped in this protocol. It is a very unique feature sun.io.

To access this interface, just type sun.io on the search bar of your browser, it will then come out as the homepage

Stable coins supported on SUN platform

The stable coins supported in the platform are

1. USDC

2. USDJ

3. USDT

4. TUSD

They can be seen in the screenshot below.

As at the time of writing APY earning on stable coin pools are 7%.

Its use with respect to staking and mining

Let us remember that stable coins is pegged to 1 for 1 USD. Thus its value cannot go below the 1 usd mark. So it provides a kind of hedging assurance to the protocol since its value cannot depreciate.

Thus it is a great investment idea for investors who are low risk takers and provides liquidity for sun.io to engage in other crypto projects.

Conclusion

It has been great benefitting from this lecture regarding sun.io. From my standpoint, Justin is building an empire in blockchain space that will accommodate everything you can think in blockchain. Such that, it will be a one stop blockchain space, where all related markets or transaction can be consummated.

Thanks @sapwood for this wonderful lecture.