The SUN platform will start SUN governance mining phase 2 on September 15, 2021. This phase expands the role of veSUN (that is, the voting rights obtained by users after locking the SUN) on the SUN platform.
Users are entitled to multiple benefits when they hold veSUN.
Specific benefits are as follows:
- Earn TUSD rewards
A snapshot of users' veSUN balance will be taken each week, upon which 50% of fees from stablecoin pools in the week will be rewarded to users in proportion to their veSUN holdings;
- Accelerate liquidity pool mining
Users who hold veSUN can raise their mining speed in liquidity pools to as high as 2.5x. Users can calculate their boost using the calculator on the webpage;
- Vote to decide the weights of liquidity pools
Users can vote for the mining in liquidity pools with veSUN. The voting snapshot at 08:00 every Thursday (SGT) determines the mining weight of each liquidity pool from 08:00 of the day to 08:00 next Thursday (SGT).
Meanwhile, users can also lock SUN for SUN rewards, which come from the penalties for early exits from vesting in Phase 1. The conclusion of Phase 1 will lead to a drop in SUN rewards, and users can check and claim their rewards in the SUN staking pool of Governance Mining Phase 1.
Thank you for supporting SUN!
September 15, 2021