How Sunrise’s Proof of Liquidity works - using $RISE and $vRISE

So let’s say you want to get involved in @SunriseLayer

You’ll see two tokens pop up: $RISE and $vRISE

What’s the deal? 👇

$RISE - the main token

This is the regular token you can send, use for gas fees, and interact with the Sunrise network like any other crypto.

$vRISE - the "loyalty" token

You can’t sell or transfer this one.

You earn it by providing liquidity, and it gives you voting power, like having a voice in where the money flows in the ecosystem.

So how do you actually use this system?

Step 1: Provide Liquidity

You deposit your tokens into liquidity pools on Sunrise.

You’re now a Liquidity Provider.

In return, Sunrise gives you $vRISE as proof that you're helping out the network.

Step 2: Stake your $vRISE

Now you take that $vRISE and stake it.

Think of it like locking in your seat at the governance table, you’re more involved, and you can start influencing things.

Step 3: Vote where the rewards go

Once you're staked, you can vote on which liquidity pools should get rewarded.

This is called gauge voting.

You’re literally deciding which pools should get incentives based on what's healthy for the ecosystem.

Step 4: Earn rewards from voting

Here’s the best part, if the pool you voted for does well, you get a cut of the profits from it.

You’re also getting paid for backing good liquidity.