Sun Token (SUN)
SUN.io is a pioneering platform within the TRON blockchain ecosystem, designed to support stablecoin swaps, token mining, and self-governance. As TRON's first one-stop platform, SUN.io plays a crucial role in developing the TRON DeFi ecosystem by integrating various decentralized financial services. Its native token, SUN, serves as a multifunctional governance token, granting holders a range of rights and benefits.
The evolution of SUN.io
Foundation and integration
SUN.io was established to foster the growth of TRON's decentralized finance (DeFi) ecosystem. It has successfully integrated with other DeFi projects on the TRON public chain through decentralized liquidity mining. A significant milestone in SUN.io's evolution was the acquisition of JustSwap in October 2021, marking a major brand upgrade and positioning SUN.io as a leader in building TRON's largest decentralized exchange (DEX).
| Ticker | SUN |
| Category | Decentralized Finance (DeFi) |
| Website | https://sun.io/ |
| @defi_sunio | |
| Telegram | SunIO_Defi |
| Contract Addresses | |
|---|---|
| tron | TS...3S Copied! |
Platform upgrades and functionalities
In May 2021, SUN.io underwent a significant platform upgrade to become an integrated platform for stablecoin swapping, token mining, and decentralized autonomous organization (DAO) functionalities. This upgrade included the introduction of the 3pool swap pool, which supports swaps among USDT, USDJ, and TUSD, and offers advantages such as lower transaction fees, reduced slippage, and increased efficiency and security.
The redenomination and SUN 2.0
To lower the threshold for users and promote the SUN ecosystem, a redenomination plan was executed in May 2021. The SUN token was redenominated at a ratio of 1:1000, increasing the total supply while maintaining the market cap. This initiative distinguished the old SUN tokens, referred to as SUNOLD, from the new tokens, which are simply called SUN.
SUN.io's innovative features
SunSwap AMM model
SUN.io utilizes the Automated Market Maker (AMM) model through its SunSwap feature, a prevalent transaction model in DeFi. Unlike traditional exchanges that rely on order books, the AMM model uses a constant-product mathematical formula to determine asset prices. This ensures automatic transactions and safeguarded liquidity for trading pairs.
New mining models and governance
In June 2021, SUN.io introduced SUN 2.0, featuring new mining models like 3pool LP, SUN-TRX LP, SUN Stake, and SUN Stake & Lock. The platform operates in two phases: Genesis Mining and Governance Mining. During Governance Mining, users can stake SUN to obtain voting rights (veSUN) and vote on the weights of different liquidity pools.
Introduction of stablecoin pools
August 2021 marked the launch of a new stablecoin pool on the platform: the USDC Pool (USDC+3SUN). This addition allows users to participate in governance mining and earn rewards by staking tokens in the USDC liquidity mining pool.