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

in SteemitCryptoAcademy3 years ago (edited)

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Question 1



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

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Features and comprehensive study of Sun.io

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Justswap has been upgraded and mergers with sun.io which exist to maintain the support for the tron protocol and means to create a decentralized system where they widely enchances the internet ecosystem. Sunswap upgraded version is Sunswap V1.5. They comprehensively handle the defi ecosystem and trx tokens that assist the stablecoin also.

Whilst the system also maintain the same credibility of swapping of sun other trx tokens giving liquidity on them but also they maintain the platform for the long term approach held they acquired a proportion fees is charged to buy back and burn sun tokens in each transaction to maintain the sustainability of sun tokens and for better supply.

The sun.io eliminates the distortion where the trader holding sun tokens and reduces fencing for traders to hold the sun tokens. Hence by facilitating the trader to hold sun tokens by buy back and burn sun tokens from their transactions held these the things were made to maintain their platofrm growth and better reliability.

Sun platform enables to introduces the 3pool swap which lower the barrier between USDJ and TUSD freely swapping options are in sanctions. They polarizes the concept of low transaction fees/slippage and reduce the risk of impermanent loss thus transaction fee in (AMM) sunswap is .3% and accordingly the 5/6 ratio is distributed among the liquidity providers and 1/6 is used to buy back and burn sun.

They are also engaged in maintaining better security and scalability while swapping the tokens, held that the sun token will ensure the traders by providing users various reward and benefits, authority is also provided which ultimately maintain their reliability towards platform.

Held Sun.io also supports stablecoin swap, token mining and self-governance which seems to be widely source of DeFi facility of Tron family.

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Link
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Features of Sun.io

The features blueprint are illustrated above though providing the best way to determine them you have to visit link to explore them in detail. So lets exaggerate them in more deep.

  • First connect the wallet with tron ecosystem.

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  • Here you can see the enlightened box where the different features of sun.io are examined.

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Sunswap


This feature enables trader to swap tokens which are listed here though mainly trader use trx token with the estimate token which they have to swap. Howbiet here you can also see instant price movements of estimate token which i enlightened in screen shot below.

The next option is for liquidity and simple you have to add liquidity further the add liquidation would be enable their.

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Stake


Here the holding means alot the more you hold the new rewards are also open. There are governance minings and which leads up to phase 1,2 than genesis mining etc. Simply the more the user hold can benefit more. Hence we can say this feature holding feature of sun.io.

There is another option of speed your minging by participating in liquidity pool,
3pool LP,USDC LP and SUN-TRX LP which are top most further there is how to earn more from mining can determine more liquidity speed.

Also there are current boost and Future boost options are also to maximize your liquidity. Howbiet you can check the Earned sun,total staked,APY and weight

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Governance



The governance feature enables voting data and APY of liquidity
SUN-TRX LP
3pool LP
USDC LP

Are mainly running in this platform thus governance votes sill decide the user vote and weight of liquidity pool. Will be effective from 2021-11-18 05:00:00 (SGT) countdown: 0D 16H:18M:35S which is shown in screenshot below.

The governance feature will allow users to vote and decide the weight of liquidity pools. As at the time of writing, governance had not yet began and will start in 2 days 12 hrs; 18th November 2021 at 00:00:00

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Airdrop


The Airdrop are associated with their holding of tokens,thus every week a airdrop is distributed while short or long term holders as per their holdings. You can see the week are dispersed up to 19 and held tron and eth address you can input to made your and veCRV holders would be rewarded sun share every week.

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Century minings


Century minings you can earn rewards in term of tokens by mining ultimately there are 5 tokens that you might earn and enhances multiple tokens minings
Mining reward will begin with second week of entry, after participating in week 1 and distribution will be started from week 2 thus further your rewards firmly be rewarded after 25 weeks.

Read the rules carefully the link can lead you better with each rules in detail.

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Question 2


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(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?

Different LP tokens:

  • Click the Link and it will take towards LP tokens of sun.io.

There almost 9 LP tokens which are known as
USDT-TRX LP, WBTT-TRX LP, NFT-TRX LP, USDJ-TRX LP, TUSD-TRX LP, USDC-TRX LP, BTC-TRX LP, ETH-TRX LP and WIN-TRX LP.

The screenshot also provided that you can see how their detail can be observed.

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There also many LP tokens which you can search from this website link

Hence except there are 113 more LP tolens which you can see from the link i provided and screen shot below you can see the search bar where you can enter the LP tokens to preview them.

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Scanning different LP tokens:

  • Here you can see sunswap mining the list of LP tokens provided means to contribute liquidity of any and you can stake different LP tokens and other tron based Tokens, hence mining rewards are based on pair to pair coins.

  • Lets scan each token which we extracted above.

  • There is a search bar where you can paste or select the token address of sunswap which you want for sunswap trading pair. Go to the web.

USDT-TRX:

There you can USDT-TRX pair having total $220,177,838 having $35,486,333 volume carrying total 14,753 transaction.
Pooled Tokens
989,535,604.0107 TRX
112,075,881.2207 USDT accordingly;

Here below the price are also updated with live price action. Also you can see the total transactions from the history below. Furthermore you can see the wallet address and detail transaction process with performance of their transaction each time manner.

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WBTT-TRX

Trading pair is WBTT-TRX having Total Liquidity $152,289,065 with Volume (24hrs) $1,733,360 maintain 615 transaction in 24hrs.
** Pooled Tokens
725,923,452.2101 TRX
22,242,077,523.9085 WBTT**
Further address are also listed in the end of page and having a complete transaction detail.

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If your are swapping any asset current market chart is also available.

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NFT-TRX

They contain liquidity of Total Liquidity
$58,951,465 and having volume of (24hrs)$7,607,060 and completing Transactions with (24hrs) is 2,627.

Transaction if nft trx swapped are also enlightened in below chart.

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Here the current market price is also updated with trading view chart below.

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USDJ-TRX

Trading pair is USDJ-TRX having a Total Liquidity$121,549,774 with maintaining Volume (24hrs)$6,637,308 and updated Transactions (24hrs)
1,297.
Pooled Tokens
579,397,029.9384 TRX
60,676,628.1116 USDJ

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Here the current market chart is also available

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TUSD -TRX

Not yet updated

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USDC-TRX

USDC TRX,LP is $42,578,806, the 24hrs volume is$2,798,526 , 24hrs completed 761Transactions (24hrs) , the trx Pooled TokenS203,137,413.9854 TRX21,295,597.8503 USDC

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Here you can see the updated market price.

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BTC -TRX

There you can BTC-TRX pair having total $150,722,120 having $3,188,795 volume carrying total 471 transaction.Pooled Tokens
719,073,741.5794 TRX
1,301.4998 BTC ; accordingly

Here below the price are also updated with live price action. Also you can see the total transactions from the history below.

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ETH-TRX

There you can ETH -TRX pair having total liquidity $27,309,953 With $863,061 volume carrying total 292 transaction. Pooled Tokens130,291,894.5711 TRX
3,240.5751 ETH accordingly;

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Here below the price are also updated with live price action. Also you can see the total transactions from the history below.

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WIN-TRX

There you can WIN-TRX pair having total $61,813,988 having volume $12,982,095carrying total 2,693 transaction(24HrS).
Pooled Tokens
294,905,721.1029 TRX
36,388,406,973.9836 WIN accordingly;

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Here below the price are also updated with live price action. Also you can see the total transactions from the history below.

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Fees in the last 24 hrs for buy back and burn SUN:

Calculating the fees in sunswap in last 24hr you just click this link and theur you can see you can select any coin for Calculation. I have selected USDT-TRX, this lP token each data associated with liquidity$215,815,240.6368, volume for 24hrs is and (7d)$24,366,414.0375 having fees for 24hrs is $73,099.2421.Thus by allocating this data we can easily find by applying mathematical model to obtain fees for buy back and burn sun.

Now lets calculate them the fees we extract above is $73,099.2421 by exchanging usdt and trx, since 5/6 would be distributed among liquidity providers which is $ 60,916.0351 hence remaining 1/6 would be buy and back burn sun which is $12,183.207.

Held that calculation us stated;

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Question 3


(3)Stake SUN to obtain veSUN. Demonstrate the entire process with a real transaction?(Screenshot required)? Include the resource consumption statement, take the help of Block Explorer?

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Staking Sun to obtain Vesun

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  • Click the link

  • Click lock sun to obtain VeSun.

  • Enter the amount you wants to lock further demonstrate the period clearly.

  • click to deposit

  • Validate the transaction and sign to get Verify approval.

Step:1


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Step:2


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Step:3


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Step:4


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Step:5


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Step:6


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Step:7


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Step:8


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Question 4


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

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Means of VeSun

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VeSUN stands for votw escored SUN which enables the user to take part in Governance, which aims to Vote and decide the weights of liquidity pools. Users are interested to locked their assets to get VeSun amd their locking period is 4 years.

Hence VeSun aims are just like steemit that the voting criteria are based on the users who have attaining the higher vote having higher credibility over here. The voting rights of user are determined by amount of sun's locked by the users and further their expired date and current date difference would be * by 4.

As you all knw that VeSUN provide users having voting credibility though having higher boting rights can redeem rewards and having the fast liquidity in mining pools.
They also cam be extract by using the formula below with 4years of holding.

veSUN= amount of locked sun * (expire date - current date ) / 4 years.

Their weight and effective weights are calculated on the basis of APY, thus they are associated in such a manner that *Effective weight,Current APY, *Latest weight and estimated APY for next cycle.

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3 in 1 benefit by holding VeSUN

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The users are getting remuneration by holding SUN and they obtained VeSun by Holding the amount of SUN they hold thus there are 3 in 1 rewards which holders might get benefit from it.

Lets elaborate them in detail;

  • This reward is based on weekly progress of holder all you know that the higher VeSun you hold the higher the rewards you would be earn ao here the TUSD coin is earned by users, provides the balance of VeSun and 50% fee from pooled coins are extracted for users who might hold the VeSun.

  • Faster and faster mining rewards can be earned by holding the VeSun, thus they enables and maximize the user speed of minings in liquidity pools up to 2.5 faster thus this would be the extra mining opportunity would generated for VeSun users.

  • Maintaining the weight of liquidity pool the user of VeSun accommodate on Thursday to implement and determine weight of liquidity pool timing are associated as per their locations. The standard time is 8:00 am respectively. Thus governance authority and determine of liquidity pool for users are also extracted.

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Question 5



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(5) What is 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?*

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The stable swap facility provides the user of sun.io thus the miners can earn and use stablecoins that also allow swapping if stable coins. The slippage fees is also very low and having such coins(USDT,TUSD,USDC AND USDJ).

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Hence they having liquidity pools that operates 3pool LP and USDC LP stablecoins.

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USDC: 63,349,035.89 (52.12%)
3SUN: 58,189,584.19 (47.88%)
USDC + 3SUN: 121,538,620.08

3pool LP miners which contains USDT,USDJ and TUSD which cam be use for mining and user can stake them easily. Hence when stake stable coins in return you would be get 3 pool tokens and which they can stake and start minings. As they contain 3 pool and USDT USDJ and TUSD for liquidity pool. USDC LP pool used for liquidity for stable coins that Realized for mining USDC to earn 3SUN. Howbiet there are stablecoins which user use for add liquidity and having highest APY 7.02%.

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CONCLUSION


Here professor taught us knowledgeable lecture by illustrating the Justswap platform merger and new Version has been founded known as sunswap V1.5. They maintain the system in scientific approach and structure the platform in a chronological order and assisting each and every thing a sequencial manner.

These tokens are supported by Trc-20 tokens and by advancing the 5/6 transaction fee are distributed among LP providers and 1/6 to burn and buy trx.

Hence 3 in 1 beneift also enhances users to obtained many advantages but among them veSUN to earn TUSD rewards and boost your mining speed is my favourite whilst they boosting x2.5 speed.

So professor @sapwood touched us and advances us very important lecture to exercise our knowledge widely.

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Hello @dabeerahmed,

Please share the TRX Wallet Address that you have used for this Task and also the Transaction Hash.

Thank you.

Professor the previous transaction was not confirmed and failed due to insufficient energy. Thats why i made new transaction which can bee seen below.

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I was thinking the transaction process is the mean but sorry for the transaction that i ain't completed, so this above screenshots are proved of my transaction.
Thank you

Please give the Tron wallet address(used for this task) in text.

Thank you.

TN7sp14Ghs87eVEyoL8xhViV7pWNV7NgHC