Crypto Academy Season 2 Week 7 Homework Post for (@sapwood) - Liquidity Mining (Tron- Sun.io)

The professor has gone through the finest detail of liquidity mining this week. He explained how to get LP tokens. He discussed in detail how to stake LP tokens. SUn.io mining, which works flawlessly on the Tron blockchain, seems to have brought a new perspective to the DeFi ecosystem.

My Tron wallet address: TQNhuynXfTGzMjL4z2ajDH2eD8HSCnKc98

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

DeFi projects on the Tron blockchain attract the attention of users because of the fast execution of transactions, reasonable gas fees, and overcoming the scalability problem.

In the decentralized financial ecosystem, users can borrow, lend, contribute to the liquidity pool , generate income, and perform clearing transactions without any intermediaries.

One of the largest DeFi projects running on the Tron blockchain is SUN.io.

To link the TronLink wallet to Sun.io, we first need to log into the TronLink wallet.
Then go to Sun.io.

After doing this, you will see that your wallet is immediately connected to Sun.io. This is the practical way to connect Wallet to Sun.io.
You can see your SUNold balance by clicking on the place I marked at the top.

(2) 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)

In decentralized finance projects, ordinary users contribute to the liquidity pools and earn income in return. Decentralized financial instruments begin to operate as users contribute to liquidity pools. With the formation of liquidity pools, users can borrow, lend, and perform clearing transactions.

Sun.io has 9 different liquidity pools. You can see this after logging into Sun.io.

These; USDT-TRX LP, USDJ-TRX LP, TUSD-TRX LP, SUNOLD-TRX LP, WBTT-TRX LP, JST-TRX LP, BTC-TRX LP, ETH-TRX LP, WIN-TRX LP

As you can see from the screenshots, the highest APY rate is 37.26% in the SUNOLD-TRX LP pool.

When we stake tokens to provide liquidity, we earn an exchange fee. The exchange fee is paid in 5 different coins. These; TRX, JST, BTT, SUN, WIN. But recently the BTCST token has also been added to them.

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

I opened / activate my TronLink wallet.
Login to https://justswap.io/#/home. In this case, your TronLink wallet will be instantly linked to JustSwap.

First click on '' Pool '' then '' Add Liquidity ''.

After completing all the approvals, I successfully completed the liquidity addition process. While trying to understand the process I forgot to take one of the screenshots.
I have procured 12,609 TRX +1 USDT.

By adding 1/ 12.609 (USDT / TRX) liquidity, I got 15.9129 S-USDT -TRX LP tokens.

I can immediately access the details of the transaction I made on Tronscan.org. You can see the transaction has been confirmed on the screenshot.

The Smart contract was triggered in the Tron network with this transaction I made.
I have procured 12,069 TRX and 1 USDT. In return for this
I obtained 15.91 S-USDT-TRX LP tokens.
383 Bandwidth was consumed.
60,902 energy was consumed. 15 energy was consumed from the sources I had. 8,52418 TRX was consumed as opposed to 60,887 energy.

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

In the previous answer I explained how we can obtain the LP token. I obtained LP tokens by supplying USDT and TRX to JustSwap. I can lock the LP tokens I have obtained on Sun.io to get 5 different tokens (if we do not include BTCST).

First I open my TronLink account. Then I visit https://sun.io/mining/?lang=en-US#/home.

I chose the USDT-TRX LP mining pool. The APY rate of the mining pool I selected is 4.39%. Then I signed my choice.

I entered the amount (15.912 USDT-TRX LP). I clicked "Stake".

I signed the transaction.

My transaction has been approved.

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

There are two parts that we will claim. The 33% SUN prize can be withdrawn at any time. Undistributed prizes can be unlocked according to a certain period. Rewards are distributed on a weekly basis over a 24-week period.

I clicked "Manage" from the USDT-TRX LP section that I was staking.

I clicked on "Claim". Eligible for SUN claim. Then I clicked on 'Claim'.

I signed the transaction.

My transaction has been approved. I will now look into the details of this from the Tronscan tool.

(6) What is the schedule of unlocking the mining rewards? Indicate the total undistributed/distributed mining rewards in the screenshot?

Making a claim takes two different ways. We can claim 33% of SUN awards immediately. There is a different process for other prizes that are not immediately distributed. Distribution process is made in weekly periods within 24 weeks. Only the process in this section starts the Powerdown startup process on the Steem blockchain.

Click "Details" in the screenshot.

In the screenshot, there are prizes distributed in the USDT-TRX- LP section that cannot be distributed immediately. 6 different tokens are distributed, namely TRX, SUN, JST, BTT, WIN, BTCST. The reward amount I deserve is less than $0.001. 33% of the SUN prize is immediately available. Other rewards are distributed on a weekly basis over a 24-week period.

7. 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)

Transactions on JustSwap

Sourcing 12.60925 TRX and 1 USDT via Justswap.io. I have obtained 15.9129 USDT-TRX LP tokens.
I will look at the tronscan tool to find out how much bandwidth and energy consumption occur while doing these operations.

The smart contract has been triggered. While triggering the smart contract, both the bandwidth consumption and the energy consumption are realized. 383 Bandwidth consumption occurred. 60,902 Energy was consumed. Some of this energy consumption came from my sources. For the rest, 8,52418 TRX was burned.

Transactions on Sun.io

I added 15,912 TRX-USDT LP to TRON Century Mining. In return, I was entitled to 6 different tokens. While doing all these operations, I triggered a smart contract. I have consumed 313 bandwidth. 89,516 Energy consumption was realized. Some of it was obtained from my sources. For the remaining part, 12.43956 TRX burning was carried out.

In both transactions, the smart contract was triggered. When triggering the smart contract, bandwidth consumption and energy consumption occur. Each address on the Tron blockchain has a certain bandwidth that it earns / uses daily for free. The bandwidth consumption in my transactions has been covered from this free part. I have some resources that I freeze to get energy. During the energy consumption, some of these resources were provided. For the rest, TRX was burned.

383 bandwidth consumption was achieved in the transactions I made on JustSwap. 313 bandwidth consumption was achieved in my transactions in Suni.io. More bandwidth was consumed in my operation on JustSwap.
60,902 energy consumption was realized in the transactions I made with JustSwap. In my transactions at Sun.io, 89,516 energy was consumed. More energy was consumed in my operations at Sun.io.

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

I opened my TronLink wallet. Then I visited https://sun.io/mining/?lang=en-US#/home.

In USDT-TRX LP, I clicked on the manager. Then I clicked Claim. I claimed all the assets. Finally, I clicked Claim and Unstake.

I signed the transaction.

My transaction took place.
After these transactions, the USDT-TRX LP token will be released and the reward consisting of 6 different tokens will be sent to my TronLink wallet.
I immediately received 33% of the SUN rewards. The remaining rewards will come to my account periodically.

Now I will examine it through the Tronscan tool I made.

The smart contract has been triggered.
313 bandwidth consumption and 138,261 energy consumption were realized. Some of the energy consumption was provided by the energy I obtained from frozen sources. For the remaining energy consumption, 19.11434 TRX was burned.

Conclusion

SUN.io is one of the most important DeFi projects. Users can earn mining rewards on SUN.io by staking LP tokens. There were other rewards we won on JustSwap at the same time as we obtained LP tokens. With SUN.io, this award is increasing.

The mining reward lock lasts for a total of 24 weeks, which is a bit longer for me. This can be reduced to 10-12 weeks.

Cc:
@steemitblog
@sapwood

Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-7.

By adding 1/ 12.609 (USDT / TRX) liquidity, I got 15.9129 S-USDT -TRX LP tokens.

That's correct.

Distribution process is made in weekly periods within 24 weeks.

Excellent.

Please note that the collection of mining rewards is based on the phase/cycle of mining. If a mining cycle is of 35 days, then it will mine the rewards for 35 days only and based on the daily mining rewards(of 6 diff tokens) as defined and depending on the mining speed of a particular mining pool.

Whatever mining rewards is generated will remain in frozen pool, which will be unlocked and distributed automatically on a weekly basis over a period of 24 weeks.

Suggestions/Feedback:-

The author has produced real transactions(Justswap & Sun.io) to demonstrate Liquidity mining. The author has obtained 15.912 USDT-TRX LP tokens from Justswap.io and staked 15.912 USDT-TRX LP token on Sun.io.
The author has included all the screenshots required in this Task. The author has produced a complete loop of obtaining LP tokens/staking/Unstaking & Claiming rewards.

Thank you.

Homework Task -7 accomplished.
[9]