SUN is the first comprehensive decentralized exchange (DEX) platform on the TRON blockchain, offering various integrated DeFi products such as trading, stablecoin swap, farming, and governance.
The SUN project is developed under the guidance of Justin Sun and TRON DAO Reserve, aiming to optimize liquidity, reduce transaction fees, and maintain stability for the TRON ecosystem through veSUN governance and Peg Stability Module mechanisms.
MAIN CONTENT
SUN is the core DEX on TRON with a diverse DeFi ecosystem and low transaction fees.
The product system includes SunSwap, SunCurve, Farm, Governance, PSM, and Scan, supporting optimal performance and price stability.
The project is led by Justin Sun and TRON DAO Reserve, focusing on building sustainable DeFi for the TRON community.
What is SUN (SUN)?
SUN is the first comprehensive DEX platform on the TRON blockchain, launched in 2020, aiming to develop a DeFi ecosystem that includes AMM, stablecoin swap, yield farming, and governance. The project is likened to "Uniswap on TRON" but has expanded with many additional functions.
According to Justin Sun, the founder of TRON, SUN plays a crucial role in enhancing liquidity and DeFi experience for TRON users since 2020.
How does SUN operate?
SUN operates as a modular DEX, with each component responsible for a distinct function to optimize user experience and financial performance on TRON. These components include SunSwap, SunCurve, Farm, Governance, PSM, and Scan.
For example, SunSwap uses AMM technology to automatically swap TRC-20 tokens, while PSM ensures stablecoin exchange rates with 0% transaction fees.
SUN helps users maximize DeFi profits and price stability through a diverse ecosystem, "SUN is the backbone of DeFi on TRON," – Justin Sun, founder of TRON, 2024.
Justin Sun, founder of TRON, speaking at the TRON Summit 2024
What are the standout products of SUN?
SUN offers a comprehensive product system to meet diverse needs in DeFi, from token trading to farming and project governance. The main product areas include:
What is SunSwap?
SunSwap is the AMM DEX interface on TRON, supporting TRC-20 token swaps and providing liquidity. Currently, there are 3 versions with continuous improvements, with V3 applying CLMM to enhance capital efficiency.
CLMM allows LPs to provide liquidity within a specific price range, optimizing fees and reducing risks. This technology is similar to Uniswap V3 with notable capital efficiency advantages.
How does SunCurve work?
SunCurve specializes in stablecoin swapping with low transaction fees of only 0.04%, optimized for stablecoin transactions at nearly 1:1 to significantly reduce slippage. The pools include 2pool, 3pool, and the upcoming 4pool version supporting many popular stablecoins.
What is Farming in the SUN ecosystem?
Farming is the profit generation center, allowing users to provide liquidity and stake SUN tokens to earn veSUN tokens. The Farming project has gone through three development phases from 2020 to present, with many staking opportunities and attractive APYs.
What is the purpose of PSM (Peg Stability Module)?
PSM is a 1:1 stablecoin swap mechanism with no fees developed by the TRON DAO Reserve, used to maintain the stable exchange rate for the USDD stablecoin on SUN. This feature is rarely seen on other DEXs, helping to stabilize prices and protect users from market fluctuations.
How does governance manage the project?
The governance system of SUN uses the veSUN token in a vote-escrow model like Curve DAO, providing voting rights and sharing 50% of transaction fees from stablecoin pools for SUN token holders.
What data does Scan provide?
Scan is a comprehensive tool for tracking on-chain activities of SUN, including price, trading volume, pool status, and transaction history, helping users make accurate investment decisions.
What are the standout features of the SUN project?
SUN stands out because of its diverse combination of DeFi products on TRON with low swap fees (0.01% – 0.04%), applying CLMM technology to optimize capital, along with the advanced veSUN governance mechanism and PSM that helps stabilize stablecoin exchange rates.
Multi-product integration: DEX, stablecoin swap, yield farming, governance.
Competitive transaction fees, minimizing costs for DeFi users.
CLMM enhances capital efficiency, similar to Uniswap V3.
veSUN governance allows control and revenue sharing.
PSM maintains the stability of USDD in the market.
What is the development roadmap of SUN in 2024-2025?
According to the plan, SUN will continue to upgrade the SunSwap V3 trading system, expand PSM to more stablecoins, perfect decentralized governance, develop the Sun DeFi mobile application, and integrate advanced on-chain analytics via SunScan.
What are the standout features of the SUN token and Tokenomics?
The SUN token is a utility and governance token on TRON with a total supply of nearly 19.9 billion, with approximately 19.3 billion in circulation. The token is mainly allocated for governance, mining, and the remaining undistributed, creating a sustainable liquidity and governance foundation.
Token Allocation Percentage (%) Undistributed 47.2 Governance V2 19.1 Official Mining V1 15.6 Genesis Mining V1 9.3 Genesis Mining V2 4.2 Century Mining 2.4 JustLend Mining 1.2 veCRV Airdrop 1.0
Users lock SUN to receive veSUN for voting rights and rewards; at the same time, they provide liquidity to increase profits within the network.
Who are the team, investors, and partners of SUN?
The SUN project is founded by Justin Sun and is managed and technically supported by TRON DAO and TRON DAO Reserve, with an anonymous yet experienced development team in the TRON ecosystem.
The main investors are the TRON Foundation and TRON DAO Reserve with support from Justin Sun, without a public fundraising round like other Web3 projects.
SUN's partners are deeply integrated into the TRON ecosystem, including JustLend DAO, USDD, BTTC, WinkLink, and Multichain, facilitating liquidity connections and effective cross-chain connectivity.
SUN provides a comprehensive and sustainable DeFi solution on TRON, from governance to stable macroeconomics, "We believe that SUN is the central platform for the long-term development of DeFi on TRON," – Justin Sun, 2024.
Justin Sun, speaking at the TRON Eco Conference, April 2024
Summary about SUN (SUN)
SUN is the leading multifunctional DEX on TRON, combining improved AMM, low fees, veSUN governance mechanism, and PSM model to stabilize stablecoin prices. Under the auspices of TRON DAO Reserve and the leadership of Justin Sun, SUN is building a sustainable, investor-friendly DeFi ecosystem for the general public.
This article is for reference and is not investment advice.
Frequently asked questions about SUN (SUN)
What is SUN?
SUN is the first multifunctional DEX platform on TRON, providing DeFi services such as trading, stablecoin swap, farming, and token governance.
What is the difference between SunSwap and SunCurve?
SunSwap supports TRC-20 token swaps with a diverse AMM mechanism, while SunCurve focuses on stablecoins with low fees and lower slippage.
What is the veSUN token used for?
veSUN represents governance rights, allowing token holders to vote and receive rewards from transaction fees within the SUN ecosystem.
How does PSM work in SUN?
PSM is a fee-free 1:1 stablecoin swap mechanism, helping to stabilize the USDD exchange rate against other major stablecoins.
Who is the SUN development team?
The project was founded by Justin Sun, supported by the TRON DAO and TRON DAO Reserve teams, with many experienced developers in the TRON ecosystem.
Source: https://tintucbitcoin.com/sun-io-sun-la-gi/
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