SUN Redenomination Plan and new stake opportunities

SUN Redenomination Plan and new stake opportunities


 

Since May 26, 2021, SUN has implemented a token redenomination and platform upgrade plan:

 

Timeline:

  • May 27, 2021 (SGT): enable stablecoin swap service;

  • June 2, 2021 (SGT): initiate new mining models of 3pool LP, SUN-TRX LP, SUN Stake and SUN Stake&Lock;

  • June 2, 2021 (SGT): start the airdrop to veCRV holders;

  • June 24, 2021 (SGT): launch the community governance plan.

 

The total supply of SUN token has been increased by X1000.

 

The SUN token you already have are now named SUNOLD, the new token is SUN with a little difference in the logo color, its more orange than yellow.

 

If you have SUN token on an exchange platform, they should swap SUNOLD to SUN automatically if they support redenomination.

 

If you hold your token on a wallet like TronLink you need to use the SUN Swap page on sun.io. (be aware that there is an energy cost about 54k)

 

The swap ratio is 1 SUNOLD= 1000 SUN.

 

Now with this new SUN token, you have new stake an liquidity mining opportunities:

 

1- The 3pool LP, where you add USDJ+TUSD+USDT in a Liquidity Pool with an APY: 89.96% (SUN)

 

2- The SUN-TRX LP, where you add SUN+TRX in a Liquidity Pool with an APY: 344.97% (SUN)

 

3- SUN Stake and lock, where you lock your SUN in a stake for 2 month with an APY:17.59%(TUSD) + 9.10%(SUN), SUN tokens will be vested for 2 months, and early exit will result in a 50% penalty.

 

4- SUN Stake (flexible) where you earn APY:17.72%(TUSD)

 

The 3pool LP and SUN-TRX LP are called LP mining pool because the SUN platform earmarks them 3% of the SUN tokens for mining rewards called Genesis Mining during one month, June 2, 2021 - July 2, 2021. (80% to 3pool LP and 20% to SUN-TRX LP).

 

The Governance Mining will last five years, starts from July2, 2021, and will earmark 20.25% of the SUN tokens, through others LP mining pools.

 

You will find all the info on the SUN.IO site.

 

 

For fun, I add a little video of the song of our late Serge Gainsbourg: Under the sun exactly.

 

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servelle
servelle

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