SUN.io is about to launch the new SUN Boost feature

2024-09-04 14:08:22
Collection

ChainCatcher news, SunPump announced on platform X that SUN.io is about to launch the new SUN Boost feature. This innovative upgrade transforms the yield farming model from an approval-based system to a free listing model, bringing unprecedented opportunities for Meme projects on the SunPump platform and further stimulating market vitality.

After the upgrade of the SUN Boost feature, project teams can customize the LP lock-up period, set yield tokens, and adjust transaction fees, gaining full control over project operations. SUN Boost also introduces a Gauge and bribery model, redistributing token rewards to new LP providers, offering users more opportunities to participate in high-quality projects.

The Gauge mechanism is an incentive tool that rewards liquidity providers with veSUN. Users can stake $SUN to obtain veSUN, and the longer the staking period, the more veSUN they receive, thereby increasing their voting weight and influence in the Gauge system. The bribery mechanism allows project teams to influence the distribution of token rewards by increasing the voting weight of veSUN, thus dominating the direction of resource usage within the SUN.io protocol. veSUN holders can not only participate in governance and bribery but also enjoy generous ecological rewards.

SunPump stated that the launch of SUN Boost will provide a new and fair growth opportunity for Meme projects on the platform, accelerating the development of the TRON Meme ecosystem.

SunPump is the first platform in the TRON ecosystem focused on the fair launch of Meme coins. Since the Beta version went live on August 13, the SunPump platform has performed strongly, with 70,471 projects created as of August 31, averaging 3,709 new projects daily, and user participation continues to rise.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
banner
ChainCatcher Building the Web3 world with innovators