Steemit cryptoacademy homework task for @sapwood |Liquidity mining (Tron - sun.io)

3. How do I obtain LP Token by adding liquidity in Justswap? What is the quantity(Explore through your wallet/Tronscan)?(Screenshots needed)

LP Token can be obtained by adding liquidity to two pairs of tokens on JustSwap. The follow are the steps I took:

• While still on the Sun.io interface, I clicked on the Get SUNOLD-TRX LP. This directed me to JustSwap.


• On clicking the Get SUNOLD-TRX LP, the JustSwap pool interface opened. I put 93.485 in the trx inout box and JustSwap calculated the number of SUNOLD I needed for the processing of SUNOLD-TRX LP. It It turns out you can not just add any number to the two input boxes. If you check the diagram below properly, you can see that the amount of TRX per SUNOLD to be added to the liquidity is 332.9896. Hence, the input works by proportion and ratio. Also, the minimum amount of TRX that can be added to the pool is 50. This is based on my experience and checking the smart contract information on TronScan while doing this homework. After inputing my figures, I clicked on the Supply button.


• After clicking on the supply button, a supplu confirmation interface popped up. This interface showed that by supply 93.485 TRX and 0.2807 SUNOLD to the liquidity pool, I'll be getting 8079.348 SUNOLD-TRX LP. I clicked on the confirm supplybutton.


• Another confirmation interface popped up. This confirmation would allow the JustSwap to engage my TronLink wallet to add the liquidity to the pool. This transaction acording to the screenshot I took of the interface required 377 bandwith. I clicked on the confirm button.


• After confirming the transaction, an interface popped up to confrim a succesful adding of liquidity to the mining pool to obtain SUNOLD-TRX LP.

This is a screenshot to show that the minimum amount of tron that can be added to the pool is 50 TRX.

4. How do I stake LP Token to earn five different tokens on Sun.io? (Screenshots needed)

To stake the SUNOLD-TRX LP token I got from adding liquidity to the pool using JustSwap, I navigated back to Sun.io. The following are the steps I took.

• In the Sun.io liquidity mining page, I navigated down to the box that says SUNOLD-TRX LP and I clicked on the select button.


• A new interface popped up requesting the amount of LP token I wanted to stake. I clicked on the max link to stake all my SUNOLD-TRX Token. Then I clicked on the stake button.


• A confirm interfaced popped up showing my transaction will cost 307 bandwith. I clicked the confirm button.


• A box popped up to show my transaction had been submitted.


• My transaction was successful because back to the liquidity mining page, under the SUNOLD-TRX LP, the select button has been replaced by a Manage button.


• I clicked on the manage button and it revealed to me my six mining rewards.

5. Which reward(out of five different rewards) can be withdrawn at any time? How do claim that (indicate that in the screenshot)?

The reward that can be claimed at anytime is SUNOLD. This is proven by the claim link beside the SUNOLD reward. .
This is the steps to withdrawing SUNOLD at anytime.

• IN the liquidity mining page of the Sun.Io, I navigated to SUNOLD-TRX LP and clicked on the manage button.


• A new interface opened and I chose the claim and then the claim beside the SUNOLD token.


• A confirm box popped up, then I clicked confirm. This transaction will cost me 273 bandwidth.


• The transaction was submitted and successful.

<

6. What is the schedule of unlocking the mining rewards? Indicate the total undistributed/distributed mining rewards in the screenshot?

With the exception of SUNOLD, all other rewards can only be withrawn evern seven days for a period of 24 weeks. SUNOLD can be withdrawn at anytime, and this is just 33% of the total SUNOLD reward. THis means 66% of SUNOLD remain un-withdrawable or frozen.

7. Include the real example of your interaction with Justswap and Sun.io as required in this task? Indicate how a "stake"(in Sun.io) function consumes different "Energy & Bandwidth" than "obtaining LP token" (in Justswap)? You should add/remove a small amount of liquidity to obtain/redeem your LP token(as little as 1 USDT worth)? (Screenshots needed)

Both the adding liquidity to obtain LP token on JustSwap and Staking of LP token on Sun.io are Smart contract transaction. This means the transactions consume both energy and bandwidth.

The adding of 93.485 trx and 0.2807 SUNOLD to earn SUNOLD-TRX LP token consumed 383 bandwidth and 65,636 energy.
The staking of 8079.348 SUNOLD-TRX LP token on the SUN.IO consumed 313 bandwidth and 89,516 energy.

In conclusion, the JustSwap activity consumed more energy but lesser bandwidth compared to the SUN.IO staking.

8. How do I unstake LP token and claim mining rewards(Sun.io)?

To claim and unstake my mining reward, I followed these steps.

• In the main menu under the SUNOLD-TRX LP, I chose the manage button


• Then I picked the claim box and not the stake. I clicked on max to claim my rewards and unstake all my SUNOLD-TRX LP. Then I clicked on the Claim and Unstake button.


• A confirmation box popped up. Information on the box shows this transaction will be consumming 307 bandwidth, I clicked on the confirm button.


• THe transaction was submitted.


• The unstaking was successful, now on the stake box, I can see my wallet balance showing the amount of SUNOLD-TRX LP token I have.

Conclusion:

Liquidity mining on the Tron network is an improvement against other cryptocurrencies. Obtaining and staking LP token is not a complicated step.

Thank you!