Dear users,
SUN platform will launch new mining pools on January 26, 2022 at 21:00:00 (SGT), all of which support mining with two tokens. Details are as follows:
1) List of new mining pools and their mining rewards:
|
Pool Name |
Type |
Reward Token 1 |
Daily Rewards Distributed in Token 1 |
Reward Token 2 |
Daily Rewards Distributed in Token 2 |
|
USDT-TRX |
SunSwap V1 | SUN | Determined by the weights of the liquidity mining pool |
WTRX |
509,234 |
|
USDJ-TRX |
WTRX |
169,744 |
|||
|
TUSD-TRX |
WTRX |
169,744 |
|||
|
USDC-TRX |
WTRX |
169,744 |
|||
|
WBTT-TRX |
WBTT |
4,354,389 |
|||
|
BTT-TRX |
BTT |
4,354,389,224 |
|||
|
NFT-TRX |
NFT |
7,496,002,132 |
|||
|
WIN-TRX |
WIN |
16,338,445 |
|||
|
JST-TRX |
JST |
244,905 |
|||
|
USDT-TRX V2 |
SunSwap V2 |
WTRX |
339,489 |
||
|
NFT-USDT V2 |
NFT |
7,496,002,132 |
|||
|
WIN-USDT V2 |
WIN |
16,338,445 |
|||
|
JST-USDT V2 |
JST |
244,905 |
2) Rules of two-token mining:
Users are able to earn mining rewards on top of transaction fees when they stake LP tokens to participate in the liquidity mining in the new pools.
a. How to participate in the mining on SUN platform?
You need to hold LP tokens to take part in liquidity mining, and mining pools only accept their respective LP tokens. For example, the USDT-TRX LP mining pool only accepts USDT-TRX LP tokens.
When you hold LP tokens, you may visit the liquidity mining page, find the mining pool you want to participate in, enter the number of tokens you want to stake, and then wait for your mining rewards when the staking begins.
For more details regarding the mining rules on SUN platform, please refer to Mining Rules of SUN Platform.
b. Rules of two-token mining rewards — the SUN token
In pools that support two-token mining, rewards given by the SUN platform to participants of governance mining are distributed in SUN.
The amount of SUN rewards will be determined by the voting weights of the liquidity mining pools, which will be updated at 8:00 every Thursday morning (SGT).
Users can lock SUN to get veSUN and thus boost their SUN mining rewards by up to 2.5x.
They can also use veSUN to vote for liquidity mining pools to decide how SUN rewards are distributed in different pools.
c. Rules of two-token mining rewards — the project token
Unlike SUN rewards, rewards distributed in the project token cannot be boosted by staking SUN and are not affected by the voting weights of the liquidity mining pools.
Aside from SUN, rewards are also distributed in the project token of the mining pools that support two-token mining:
WTRX, the project token in the "stablecoin - TRX" liquidity pools, is provided by TRON DAO to incentivize users to be engaged in the building of the TRON ecosystem.
For other liquidity pools, the project token rewards are provided by project teams to promote users’ engagement in providing liquidity and staking LP tokens.
Project teams reserve the right to update the reward distribution rules of project tokens, including how many tokens will be distributed each week, if any. Please pay attention to the latest announcement on the websites of SUN.io and various projects.
d. How to withdraw mining rewards?
Users need to withdraw SUN and the project token separately when they collect their mining rewards.
For detailed steps, please refer to Governance Mining (V2) Phase 2 index page in SUN.io's Help Center.
Thank you for supporting SUN!
SUN Team
January 26, 2022