Liquidity Mining (Tron.io)

sun.io

Introduction

The Prof @sapwood was able to explain Liquidity Mining Pool in simple and clear terms.
He explained in simple terms the benefits of staking Liquidity Mining Pool LP tokens. He showed us the step by step process of obtaining LP token, then after obtaining the LP tokens, he then showed us how to stake them.

Lastly, he showed us how beneficial the staking of LP tokens can become, because it allows stakers to start mining and earning different rewards.

How to connect Tronwallet to sun.io

In order to access the sun.io platform and take part in different activities such as staking LP token, you must first and foremost connect your tronlink wallet to the sun.io platform.

There are three ways by which you can connect your tronlink wallet to sun.io.

1. Through the tronlink wallet on your app on your phone device.
2. Through the sun.io platform
3. Through your tronlink extension on your chrome browser on your computer system.

I would be sharing how to connect sun.io with your tronlink wallet using your chrome extension. These are the steps taken to connect your tronlink wallet to sun.io platform.

• Click on the Tronlink wallet icon on your extension chrome.

• Click on the Dapp option which is located on the top of the menu above.

• It would take you to a drop down list of options where you can get different decentralised applications Dapps. On it, you would see SUN. Click on it.

• It would take you to the home page of sun.io, with your wallet already linked to it.

Different Liquidity Mining Pools and the Highest APY

There are currently 9 different Liquidity Mining Pools LPs. I have taken the time to list them in their assembled order. Below are the images of the 9 liquidity mining pools, along with a list which give a detailed presentation of the liquidity mining pools and their respective APY's.

Liquidity Mining Pools	Total APY
USDT-TRX	4.52%
USDj-TRX	6.14%
TUSD-TRX	19.16%

Liquidity Mining Pools	Total APY
SUNOLD-TRX	36.25%
WBTT-TRX	6%
jST-TRX	5.55%

Liquidity Mining Pools	Total APY
BTC-TRX	5.72%
ETH-TRX	3.88%
WIN-TRX	7.51%

The one with the highest APY

From the list of the liquidity mining pools we can see and therefore conclude that the mining pool with the highest APY is SUNOLD-TRX which has an APY of 36.25% as at the time of writing.

Different rewards for staking LP tokens

There are five different rewards a user can get if he/she should stake his/her LP token. The respective rewards they stand to get are:

• TRX
• WIN
• JST
• BTT
• SUNOLD
  However, there is a new coin that was added recently, it is BTCST

How to obtain LP Tokens by adding Liquidity in JustSwap

These are the neccessary steps taken to be able to obtain LP tokens from JustSwap via adding liquidity, which can then be used to stake in sun.io.

• Connect to JustSwap, by using you tronlink wallet. You can do that on your phone, or through your extension on chrome browser. I'm using my chrome extension.

• After you have connected to JustSwap, on the main page, you would see two options, Swap and Pool, choose pool.

• Then you click on add liquidity, and input in the amount of liquidity you want to obtain. They should be paired with TRX. When you have done this, then you click on the supply button below.

Note: when placing an amount of TRX with respect to any token coin that you are pairing with TRX, you need to have some funds in that coin's address.
So what you have to do is Swap TRX tokens for the coin's Tokens of your choosing to enable you have funds in that coin's address. Refer to the last class to learn how to swap tokens.

• After clicking supply, you need to approve the transaction, by clicking on the accept button in the request signature form.

• Then you confirm the supply, by clicking on the confirm supply button.

• You would also accept the transaction.

• Congrats!! Your liquidity has been added. So you can close this screen by clicking on the close button.

Quantity of LP Tokens derived from adding liquidity

I was able to obtain 2.4418 JST-TRX LP tokens, for staking 2 JST which is equivalent to 1.7823 TRX.

How to stake LP token to earn 5 different rewards

Before you can stake LP token and hence earn the different rewards which are 5, you have to go on the sun.io platform to initiate this transaction.

These are the steps taken in order to do so.

• Connect to the sun.io platform with your tronwallet. The steps are described above. Then go to the token pairs that you used to obtain LP tokens. In my case it is JST-TRX. Then click on select.

• Click on the approve JST-TRX LP button

• After clicking on the approve JST-TRX LP button, you need to approve the transaction, by clicking on the accept button in the request signature form.

• After clicking approve, the transaction process would take place.

• Next up, you have to key in the amount that you want to stake, which is usually the total amount of LP tokens obtained. So i clicked on MAX. Then i clicked on the Stake button.

• After clicking the stake button, you need to approve the transaction, by clicking on the accept button in the request signature form.

• After clicking approve, the transaction process would take place.

• Congratulations you have managed to stake you LP tokens.

To be certain that your LP tokens has been staked, go back to the home screen of the sun.io platform, and then go to the coin pairs that you staked. In my case JST-TRX LP, you would see that the Select button has changed to Manage and My staking and Mining rewards would be displayed.

Rewards that can be withdrawn at any given time

When you stake LP tokens, you have five different rewards that are given to you for staking. Of these five rewards, there is only one reward that can be withdrawn at any given time. This reward is the SUNOLD reward, and it is only 33% that can be withdrawn at any given time. Then the remaining rewards, which are WIN, BTT, TRX, JST are distributed weekly for a period of 24 weeks.

How to claim SUNOLD rewards

These are the steps take to show you how to claim SUNOLD rewards from the rewards pool.

• Go to the liquidity pair where you staked your LP tokens, in my case JST-TRX and click on the Manage button.

• It would take you to another page where you would see Stake and Claim. Then you go ahead and choose claim.

• You click on claim that is close to SUNOLD, because that's the only reward that can be claimed at this time. All other rewards would be distributed by next week same time.

• After clicking the claim segment close to SUNOLD, you need to approve the transaction, by clicking on the accept button in the request signature form. This is a two step approval.

• Congratulations you have succeeded in claiming your SUNOLD rewards.

Schedule in Unlocking Mining Rewards

As stated earlier, you can only claim one reward from the rewards pool at anytime. This is the SUNOLD rewards and the percentage to be claimed is 33%. The remaining mining rewards are undistributed, and the would be distributed on a weekly basis for a full period of 24 weeks.

Indication of distributed/undistributed mining rewards

The image below gives the full representation of the distributed/undistributed rewards.
Because today is the first day of staking LP tokens, these rewards are undistributed, except for SUNOLD which can be claimed at any time.
The current value of the undistributed rewards is < $0.001.

Interaction between JustSwap and Sun.io

JustSwap Interaction

The process of obtaining Liquidity Mining Pool from JustSwap consumed the following details

Bandwidth: 382
Energy: 58,905

This information was brought about by Tronscan. You can see the full details in the image displayed below.

Sun.io interaction

The process of staking Liquidity Mining Pool in Sun.io consumed the following details

Bandwidth: 313
Energy: 89,516

This information was brought to you by Tronscan. You can see the full details in the image displayed below.

From the above information derived from obtaining LP tokens from JustSwap and then staking the LP tokens on Sun.io, we can conclude that the process of obtaining LP tokens from JustSwap consumed more bandwidth than when staking the LP tokens in sun.io. Also the process of obtaining LP tokens from JustSwap consumed less energy when compared with the energy consumed when staking the LP tokens in Sun.io

We can see that in both instance, TRX tokens had to be burned in order to account for deficient energy.
The Tron network doesn't give free energy like it does with bandwidth everyday. So in order for the network to process any smart contract transaction, it either has to burn TRX or additional energy can be obtained through freezing or lending (which is a better alternative) TRX.

How to unstake LP tokens and claim mining rewards

• Connect to the sun.io platform with your tronwallet. The steps are described above. Then go to the token pairs that you used to obtain LP tokens. In my case it is JST-TRX. Then click on Manage.

• It would take you to the page where you choose between Stake or Claim. Choose claim.

• Click on MAX then the Claim & Unstake button would highlight. Click on it

• Then confirm the transaction by clicking on accept from the form page.

• Congratulations your transaction has been initiated

Conclusion

Liquidity Mining Pool LP Staking is a welcome development.
This aids the increase in the amount of liquidity in the crypto market. Because of the incentives that LP providers stand to gain, it makes this initiative a welcoming one.

Sun.io took this initiative and brought about a method of earning rewards by staking LP tokens.
With your staked LP tokens you automatically start mining 5 other coins to get rewards from them.
This is wonderful!