Crypto Academy Week 15 | Homework post for @sapwood | Liquidity Mining (Tron- Sun.io)
Introduction
Introduction to Liquidity Mining
1. How do I connect my TronLink Wallet to Sun.io?(Screenshots needed)
- I opened my TronLink Wallet on my phone.
- From the Wallet's homepage, I selected discover at the bottom to access the dApps.
- In the address bar, I typed in sun.io/ to visit.
- By visiting sun.io, my TronLink wallet is automatically connected.
- To check the connection, I selected the three parallel lines menu icon at the top-right of the page and clicked on the wallet to see the details.
Screenshots below
My TronLink Wallet connected to sun.io
2. 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 mining pools on Sun.io
- USDT-TRX LP (Tether Stablecoin-Tron).
- USDJ-TRX LP (Just Stablecoin-Tron).
- TUSD-TRX LP (True Stablecoin-Tron).
- SUN-TRX LP (Sun-Tron).
- WBTT-TRX LP (Wrapped BTT-Tron).
- JST-TRX LP (Just-Tron).
- BTC-TRX LP (Bitcoin-Tron).
- ETH-TRX LP (Ethereum-Tron).
- WIN-TRX LP (Wink-Tron).
See the screenshots of the liquidity mining pools below
The liquidity pool that offers the highest APY on Sun.io
SUN-TRX LP- 36.27% APY
How many different rewards do I get by staking LP token?
LP token rewards- TRX, JST, WIN, SUN, BTT
3. How do I obtain LP Token by adding liquidity in Justswap? What is the quantity(Explore through your wallet/Tronscan)?(Screenshots needed)
How I obtained LP Token by adding liquidity in Justswap
- I opened my TronLink wallet from my Android phone.
- Clicked discover at the bottom of the page to visit justswap.io/.
- On the JustSwap landing page, switched to Pool and clicked Add liquidity.
- I chose the USDT-TRX pair, supplying 15 TRX.
- I inputted 15 TRX + 1.059 USDT and clicked Supply, and Confirm Supply.
- I supplied my password to proceed.
- The adding liquidity transaction was successful.
Screenshots are shown below
The quantity of LP token obtained (Information on my TronLink Wallet
17.9 S-USDT-TRX- LP token acquired in my wallet
Adding Liquidity Transaction Details from Tronscan
Adding liquidity transaction details
Supply: 15 TRX + 1.059 USDT.
Transaction type: TRC20 Transfers.
Bandwidth consumed: 383 Bandwidth.
Energy consumed: 60,902 Energy.
TRX burned to accommodate the Energy: 8.52614 TRX.
LP Token obtained: 17.906768 S-USDT-TRX.
4. How do I stake LP Token to earn five different tokens on Sun.io? (Screenshots needed)
- I opened my TronLink Wallet to visit sun.io.
- Selected discover from the bottom of the wallet's homepage.
- Visit sun.io.
- On the sun.io homepage, I selected the liquidity mining pool USDT-TRX LP with 4.27% APY.
- Now, I clicked Stake and inputted the amount of the LP token I am staking which is 17.906 USDT-TRX LP.
- Confirm by inputting my password to proceed and it was successful.
My staking- 17.906 USDT-TRX LP
5. 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 the rewards from my Staked LP tokens
- From the sun.io homepage, I selected the Manage button from the USDT-TRX LP I staked into.
- Switched to Claim.
- Sun was available for claim and I clicked the Claim button by the Sun reward.
- Confirm the transaction by supplying my password and clicked done.
- Transaction submitted.
- The Sun reward was received in my TronLink Wallet.
My SUN reward from USDT-TRX LP
6. What is the schedule of unlocking the mining rewards? Indicate the total undistributed/distributed mining rewards in the screenshot?
Undistributed/distributed mining rewards for my staking in USDT-TRX LP on Sun.io
Undistributed/distributed rewards
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)
JustSwap Liquidity Pool
JustSwap Liquidity Pool
383 Bandwidth and 60,902 Energy consumed
Sun.io Staking into USDT-TRX LP
My staking- 17.906 USDT-TRX LP
Sun.io staking- 313 Bandwidth and 89,516 Energy consumed
Comparison of the Bandwidth/Energy consumed by Sun.io staking and obtaining LP token on JustSwap.io
Resources | Sun.io | Justswap.io |
---|---|---|
Action | Staking in LP | Obtaining LP Token |
Amount | 17.906 USDT-TRX | 17.906768 S-USDT-TRX |
Bandwidth | 313 Bandwidth | 383 Bandwidth |
Energy | 89,516 Energy | 60,902 Energy |
TRX burned to accommodate the required Energy | 12.5321 TRX | 8.52614 TRX |
Observation from the above Data
8. How do I unstake LP token and claim mining rewards(Sun.io)?
- Having connected my TronLink wallet with Sun.io/.
- I visited Sun.io from my TronLink wallet dApp.
- Clicked Manage on the USDT-TRX LP and switched to Claim.
- I have a total of 17.906 USDT-TRX LP available to unstake, 0 Sun available for claim and other undistributed rewards.
- Now, I am unstaking the whole 17.906 USDT-TRX LP so I clicked max and proceeded to click the Claim and Unstake button.
- Confirmed the transaction and supplied my password.
17.906 USDT-TRX LP unstaked on Sun.io - 17.906 S-USDT-TRX in TronLink Wallet
Sun mining reward claimed when I unstaked my LP token
Cc: @sapwood
Written by;
@fredquantum
Nice presentation from with real screen shot Examples.
Here for finishing our Trnsaction we need to hold additional TRX for Energy and Bandwidth Needs.
#affable #india
Thanks for the wonderful comment, sir. We can freeze some TRX to obtain Energy and Bandwidth as such, that will reduce the amount of TRX burned during the transaction or rather hold enough TRX for a successful transaction.
Yes agree.
#affable #india
Muy detallada tu explicación, te felicito.
Thanks so much for your kind remarks. Your spared time is highly appreciated. Thank you.