Crypto Academy Week 15 , Homework post for [ @sapwood ] Liquidity Mining (Tron : Sun.io)
How do I connect my TronLink Wallet to Sun.io?(Screenshots needed)
Open Tronlink wallet. At the bottom panel of the main page, click on "Discover".
Next a page of DApps will load. Look for SUN.
Click on SUN and it will lead you to main page of SUN. Io
To check your connection, click on top right corner to look for your Tronlink address .
- You are done.
)
What are the different liquidity mining pools? Which one offers the highest APY? How many different rewards do I get by staking LP token? (Screenshots needed)
Different Liquidity Pools.
| Liquidity pools | APY |
|---|---|
| USDT-TRX | 4.44% |
| USDj-TRX | 5.97% |
| TUSD-TRX | 18.76% |
| SUN -TRX | 36.08% |
| WBTT-TRX | 8.19% |
| jST-TRX | 5.87% |
| BTC-TRX | 5.65% |
| ETH-TRX | 3.84% |
| WIN-TRX | 7.43% |
Below are screenshots of above mentioned liquidity pools and their details.
The token rewards that we get for staking LP tokens are :
- TRX.
- JST .
- WIN .
- SUN .
- BTT .
- BTCST ( Recently added to Tron Century mining)
How do I obtain LP Token by adding liquidity in Justswap? What is the quantity(Explore through your wallet/Tronscan)?(Screenshots needed)
First we need to commect to JustSwap. For that open TronLink wallet, click discover, next from Dapps select JustSwap . On the main page of JustSwap, we have two options, one is "Swap" and second is "liquidity". Click on liquidity.
Select the pair you want to supply. I choose TRX and USDT. We have to supply them in 1:1 ratio or 50/50 . I selected 1 USDT for which corresponding TRX was automatically filled that is 1 USDT equivalent, and at the time of supplying, that equals 12.049 TRX (approx).
Next confirm authorisation type and proceed.
Confirm Transaction by entering Tron password.
Next click on Supply and sign the transaction by entering your password.
Next you got to see success notification.
I obtained LP token of 15.565334 USDT-TRX LP Tokens for staking 1 USDT and 12.049 TRX
How do I stake LP Token to earn five different tokens on Sun.io? (Screenshots needed)
Connect sun. Io to Tronlink as mentioned above. Select token to be staked. I choose USDT -TRX liquidity pool as i have these in my wallet now.
Next select the amount to stake. I selected Max. Click on stake.
Confirm the USDT - TRX stake and than proceed to authorisation type , than confirm the transaction with the help of password. Being smart contract triggered, it consumes both energy and bandwidt.
To check your staking, again go to main page of SUN, there you will seen "My stakings" under USDT -TRX LP and now you won't see option " select "as in the beginning, now you can see option " Mamage" there.
Which reward(out of five different rewards) can be withdrawn at any time? How do claim that (indicate that in the screenshot)?
How to claim SUN rewards.
Go to sun. Io. Look for TRX -USDT liquidity pool. Click on manage.
On next page, we got to see two options, "Stake" and "Claim". Click on "Claim". We got to see mining rewards.
As only SUN rewards can be claimed because LP tokens have been staked only today. Others will be gradually released as mentioned above. So click on claim against SUN as marked by arrows on screenshot below.
Confirm transaction by entering Tron password.
Next transaction will be broadcasted on Tronscan from where details can be checked.
What is the schedule of unlocking the mining rewards? Indicate the total undistributed/distributed mining rewards in the screenshot?
Value of distributed/undistributed rewards
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)
Energy and Bandwidth consumed on JustSwap.
Energy and Baldwidth consumed on Sun.io Staking
So we concluded that, Sun.io staking transaction consumed more Energy but less Bandwidth than obtaining LP token on JustSwap.
How do I unstake LP token and claim mining rewards(Sun.io)?
On next page, click on claim and select MAx to claim all the tokens.
Click on " Claim and unstake".
Complete transaction with the help of Tron password.
That's all in today's homework from myside.
Thank you for attending the lecture in Steemit-Crypto-Academy- Season 2 & doing the homework task-7.
That's correct.
That's correct.
Please note that after unstaking, you will keep getting your mining reward over a total period of 24 weeks based on the stake duration & proportion of the stake wrt to the total size.
Suggestions/Feedback:-
Thank you.
Homework Task -7 accomplished.
[9]
Thank you and suggestions noted down.
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