Sun Yuchen enters the perpetual contract DEX: SunPerp, not just a Perp DEX
On the evening of September 19, Beijing time, Sun Yuchen, the founder of TRON, and global advisor of Huobi HTX, attended the themed X Space titled 'Unlimited Imagination in the Era of DEX 2.0', jointly organized by Huobi Live, TRON, and SunPerp, officially introducing to the crypto community its newly launched decentralized perpetual contract trading platform—SunPerp. This is the first natively built perpetual contract DEX in the TRON ecosystem, and it represents a deep layout based on the advantages of TRON stablecoins.
During the live broadcast, Sun Yuchen systematically expounded on key information such as SunPerp's strategic positioning, product features, and user incentive mechanisms. He emphasized that SunPerp is expected to drive TRON's transformation from a transfer chain to a trading chain, bringing about a new wave of explosive growth.
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The key puzzle of ecological layout: Why it is necessary to create SunPerp
The birth of SunPerp is certainly not a whim; it has outstanding strategic significance for the development of the TRON ecosystem. Sun Yuchen pointed out that most mainstream public chains have launched perpetual contract platforms, while TRON still has a gap in this area. Therefore, from the perspective of the public chain ecosystem's defense strategy, laying out perpetual contract DEX is crucial for TRON. The TRON network has the largest circulation of USDT, and perpetual contracts are one of the key application scenarios for USDT. SunPerp aims to meet the trading needs of TRON users and unleash the enormous potential of the ecosystem.
Sun Yuchen believes that perpetual contracts will replace spot trading, becoming a new trend in cryptocurrency investment due to their advantages of better liquidity, more convenient settlement, higher capital efficiency, and not being limited by the native chain of assets. With the infrastructure advantages of TRON in the stablecoin layer, SunPerp will obtain a natural capital pool. Currently, there are millions of transfer users on the TRON network every day. Even if SunPerp only converts 1% of those users, it can reach the contract user volume of a second-tier centralized exchange, highlighting its vast development prospects. Therefore, although the entry time is relatively late, Sun Yuchen is confident in the development of SunPerp: 'We firmly believe in the Perp track and believe that with an excellent product experience and solid underlying services, we can achieve the upper hand as a newcomer.'
In the future, SunPerp will also expand to more public chains such as Ethereum and BSC, and complement the ecosystem with Huobi HTX. Huobi HTX is aimed at centralized scenarios, while SunPerp serves on-chain trading users, forming a combined strategy.
SunPerp's 'First Establish Then Break': From product refinement to growth strategy
Currently, SunPerp is in the early public beta stage. As of September 20, on the 3rd day of public beta, the number of registered users has exceeded 1,000. In the short term, the team's top priority is to focus on refining the product, ensuring trading smoothness and market depth, and continuously expanding asset coverage, timely introducing popular assets, and solidifying the foundation in user experience. As for more user growth features, they will continue to iterate in future versions.
The public beta of Sunperp DEX has exceeded 1000+ registered users on the 3rd day.
'We chose not to launch points, airdrops, or rankings in the early stages, hoping to refine the most basic trading loop, achieving ultimate smoothness and matching experience. Just like the relationship between 1 and 0, focusing on making this 1 well before developing countless 0s afterwards,' emphasized Sun Yuchen. He also clearly stated that all on-chain behaviors of early users will be fully recorded and will be retrospectively acknowledged after the incentive system goes live in the future, 'As long as the transactions conducted before the future activities start, the users' trading data will be recognized.'
Sun Yuchen also revealed that he will hold a SunPerp launch conference during TOKEN2049 on October 1, where more major announcements will be made.
Super strong benefits: the lowest contract rate in the industry, only at SunPerp
In addition to powerful trading tools, rich benefits and activities are also an important part of the user experience. In this regard, SunPerp has also made ample preparations. First of all, it has the industry's lowest contract rate, 'SunPerp is like Pinduoduo in the DEX world, we have lowered the contract rate to the lowest in the industry,' said Sun Yuchen. In addition, SunPerp is about to launch a 'Recharge to Get Real Gold' event, which will materially return transaction gas fees to users. Currently, mainstream user acquisition methods in the industry, including commission incentives, point airdrops, and copy trading systems, will also be launched successively.
In terms of incentive mechanisms, SunPerp will launch two mining models. The first is 'Deposit Mining,' where users can earn up to 12% annualized yield by depositing funds into SunPerp, with support for deposit and withdrawal at any time; the second is 'Trading Mining,' where users can earn $SUN token incentives simply by opening positions on SunPerp, significantly enhancing users' earnings and sense of participation.
$SUN will be fully empowered as the platform token of SunPerp. Sun Yuchen stated that he plans to use the earnings from SunPerp for $SUN buybacks to support the token's value and stability. In the future, $SUN will also be given more application scenarios.
How to create an on-chain trading experience comparable to CEX
During the live broadcast, Sun Yuchen repeatedly emphasized that the core goal of SunPerp is to 'create an on-chain trading experience comparable to CEX.' This includes slip control, matching efficiency, leverage capability, and the timeliness and depth of asset support. 'If we can reach the level of CEX in terms of asset coverage, capital efficiency, and trading depth, the large payment user base of TRON is entirely likely to be converted into trading users of SunPerp,' said Sun Yuchen.
SunPerp currently uses zero-knowledge proof (ZK) technology to transmit order information to the TRON mainnet, ensuring user privacy. Unlike many perpetual contract DEX practices, SunPerp allows users to choose whether to display their positions and does not default to public position data.
Regarding the security of funds, which users are most concerned about, SunPerp also aligns with the standards of major centralized exchanges. Sun Yuchen stated that the team will implement strict controls to prevent security incidents, eliminating problems such as price manipulation and targeted liquidation that have occurred with other perpetual contract DEXs in the past. At the same time, relying on strong capital support, SunPerp has simultaneously built a compensation guarantee mechanism, establishing an independent risk reserve address, so that even in the event of security issues, users can be provided with a safety net.
Starting from SunPerp: The growth and original intention of Sun Yuchen
After over a decade of hard work in the crypto industry, Sun Yuchen continues to innovate. In the past year alone, new products such as SunPump, USDD 2.0, and SunPerp have been launched. At the end of the live broadcast, Sun Yuchen also talked about the significance of SunPerp for his personal entrepreneurial cycle. He believes that his entrepreneurial pace has changed significantly; compared to the early years of 'quietly starting a business and quickly taking action,' the product innovation has now entered a more mature and methodical stage. 'Now every new project is a well-thought-out strategic decision. SunPerp is not something we rushed to do because we saw the track was hot yesterday, but rather a deep layout we made for the next development of the TRON ecosystem.'
For Sun Yuchen, what has never changed is the passion for continuously building the crypto industry. 'Isn't this still quite passionate?' he said with a smile.
