Dear users,
SUN platform will launch new intelligent boost mining pools on 21st, July 2022 (SGT). The intelligent boost mining pools have two staking modes (“Flexible” and “Fixed”) and support Two-Token rewards. Users who participate in the “Fixed” staking can boost their rewards by boost factor, and the boost factor is determined by the locking duration. The longer the lock time, the higher the boost factor, and the more benefits.
The first batch of the intelligent boost mining pools are as follows:
|
Pool Name |
Reward Token 1 |
Reward Token 2 |
|
2pool LP |
USDD |
USDD |
|
USDD-USDT LP |
USDD |
USDD |
The new intelligent boost mining pool will bring users a better experience, as detailed below:
- Improved the stability of the rewards: Both the governance reward and project token reward of the new mining pool were upgraded to USDD token, the Over-Collateralized Decentralized Stablecoin, which will reduce the risk of market fluctuations, ensure the stability of the rewards and guarantee the safety of users’ assets.
- More flexible investment plan: The new intelligent boost mining pool supports two staking modes: "Flexible" and "Fixed". "Flexible" is similar to the deposit plan of traditional banks, and users can deposit and withdraw at any time. "Fixed" is similar to the fixed deposit plan of traditional banks. Users can choose different locking duration according to their own needs, ranging from one month to three years. The longer the locking duration, the higher the benefits. In addition, users can lock more LPs or extend the locking period at any time, which will help users to develop the most suitable investment plan for their own.
- Intelligent distribution of the rewards: The new intelligent boost mining pool provides a higher reward to the fixed staking users by boost factor(the boost factor of the "Flexible" staking is 1), different locking durations have different boost factors. For the project reward token, the maximum boost factor can reach 15; For the governance reward, the boost factor can reach up to 37.5 for the users who held veSUN.
- The emergency withdraw feature: The new intelligent boost mining pool supports emergency withdraw features. Users who participate in the fixed staking can withdraw their locked assets at any time via the emergency withdraw feature in case they run into any urgency situation.
- veSUN governance: Similar to traditional mining pools, the new mining pools also follows the veSUN governance. The veSUN voting weight of each mining pool determines the allocation ratio of USDD governance mining rewards among new mining pools. Users who hold veSUN can vote for the mining pools they invested to earn higher rewards.
At the same time, the existing USDD mining pool (including 2pool LP，USDD-USDT V2 LP) will continue to be maintained, and the rewards of the existing USDD mining pool will be gradually reduced and moved to the new intelligent boost mining pools according to the actual situation. SUN Platform will continue to increase policy preference and financial support for the new intelligent boost mining pools and hope that the community can actively participate in it.
Welcome to experience.
Thank you for supporting SUN!
SUN Team
21th July 2022