Week 15 - Homework post for @sapwood - Liquidity Mining (Tron : Sun.io)

maazmoid123 (69)Beginner[2,4,5,6,7,9]in SteemitCryptoAcademy • 3 years ago (edited)

Hello Everyone, so today I invite you all to read my today homework which I am going to make on Liquidity Mining (Tron- Sun.io) subject which is given by Professor @sapwood.

So let us continue with our homework.

1. How do I connect my TronLink Wallet to Sun.io?(Screenshots needed)

So actually I have seen that there are two ways to connect your wallet to Sun.io, as one is through the Tronscan and the second one is through the TronLink, and as I found connecting Tronlink wallet with sun.io is much easier so I am gonna show that. So the steps for connecting your Tronlink with sun.io are written Below:

So as firstly we will gonna go to the Sun.io site.
Then there we will see the 3 dots on the top left corner so we will click on that.
There we will see the option of Connect wallet, so will click on that as well or you can see the option of connect wallet in the middle of the page so click on that that will be easier.
Then after clicking on that you will be connected.
And then will click on Century Mining to go to the main sun.io mining page.
Then another window will be open with the sun.io mining page.

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2. What are the different liquidity mining pools? Which one offers the highest APY? How many different rewards do I get by staking LP tokens?

Different liquidity mining pools

So as I entered the sun.io mining page I see the 9 different Liquidity Mining pools along with the APY's they are giving.

liquidity mining pools	Total APY
USDT-TRX LP	4.38%
USDJ-TRX LP	5.94%
TUSD-TRX LP	18.58%
SUNOLD-TRX LP	35.71%
WBTT-TRX LP	6.07%
JST-TRX LP	5.63%
BTC-TRX LP	5.7%
ETH-TRX LP	3.89%
WIN-TRX LP	7.62%

And so below are the screenshots of those Liquidity Mining Pools which the professor asked for:

Highest APY:

So as we can see from the screenshots and the data I have provided is that SUN-TRX LP is providing the Highest APY which is 35.71%.

Different rewards:

So by staking, I will get different rewards which will be in the form of Tokens that I will get for staking LP tokens will be:

TRX
JST
WIN
SUN
BTT
BTCST (this one is recently added to the reward function, so by including that we will get 6 different rewards by staking LP tokens).

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

So to obtain LP Token by adding liquidity in Justswap is pretty simple, the whole process is shown below:

Firstly we will open Justswap.io and then we will connect our wallet to that and then there we will see the two options side by side, first one is of the SWAP which is used to swap the tokens from one token to the other like I can SWAP my TRX to USDT there. But we have nothing to do with it today as we have to work on the Liquidity so we will click on the Pool.
Then we will click on the Add Liquidity.
So there then, I select the pair of TRX and USDT, and then I will add the Liquidity of 1 USDT on which it filled it with the 13.623633 TRX to make it to the USDT, which is made according to the current market.
Then I will click on the Supply.
It will then ask for the Signature Request and I will click on accept.
Then it will ask for the Confirm Supply, so we have to confirm it.
Then will ask again for the approval so I will click on accept again.
So finally it will show the Transaction and Liquidity added success message.

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

The process to stake LP Token to earn five different tokens on Sun.io is shown below:

So firstly as I have told above that how we can log in to the Sun.io and then to the Century mining which will lead us to the sun.io/mining page.
There we will select the pair on which we have to do Liquidity Mining so I will choose the USDT - TRX as I also have added this Liquidity on Justswap, so that is why I will also use that here to keep it simple.
So we will click on the select button and then approve of USDT - TRX LP.
Then will click on the accept signature for this.
So then the message for the Transaction Submitted will appear.
Then the option of stake will appear so I click on MAX and that will 16.525768.
Then will click on Stake.
It will ask for confirmation, so I will confirm it and then the message of Trasaction Submitted will appear.
Then at the place of Select, it will convert into Manage, and there we also can see the assets I have stake.

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

So out of five different rewards, 33% of the SUN can be widrawn at anytime, while others rewards will be withdrawn in a 24 week period of time.

How do claim that:

So to claim SUN, we have to go to the Sun.io mining page and then will click on the Liquidity Mining of USDT -TRX lP and then click on Manage.
So after Clicking on Manage a box will appear which shows the stake and claim, so we will gonna click on claim.
Then will click on the claim which is written in front of SUNOLD.
As with it the it will ask for the Signature Request, so I will accept that.
Then the claim message will be shown.

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

Schedule of unlocking the mining rewards:

So as I also have mentioned above that only of 33% of SUBOLD can be claimed at anytime after Staking and other tokens will be distributed in the time period of 24 weeks. So below you can see the Total Districuted and Undistibuted mining rewards.

Note: Even after unstaking, we will keep getting the reward in this 24 period of time which will be based on our stake duration

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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

Energy & Bandwidth Comsumed ForJustswap:

So as I made a interaction of 15 TRX and 1.09 USDT on JustSwap so that consumes around 350 Bandwidth but as the TRON system refills the Bandwidth everyday and I had 5000 bandhwidth so no TRX was burn for that.

For that trasaction it also consume 33,363 Energy but as Tron system doesn't give energy free and to get Energy we have to freeze our TRX but as I didn't have much TRX to Freeze and I didn't have any Energy so for this trasaction it burnt my 4.67082 TRX for energy.

Energy & Bandwidth Comsumed For Sun.io:

So as I made a interaction of 13.62606 TRX and 0.999989 USDT on Sun.io for the USDT - TRX LP Tokens so that consumes around 383 Bandwidth but as the TRON system refills the Bandwidth everyday and I had 5000 bandhwidth so no TRX was burn for that.

For that trasaction it also consume 60,902 Energy but as Tron system doesn't give energy free and to get Energy we have to freeze our TRX but as I didn't have much TRX to Freeze and I didn't have any Energy so for this trasaction it burnt my 8.52628 TRX for energy.

Note: Here we can see that on Justswap it consume more Bandwidth as in sun.io consumes less bandwidth and like that Justawap consume less energy while the Sun.io consume more energy, so by this we can see that these consumsion of Bandwidth and Energy also depends on the different functions.

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

So we have to go to the Sun.io and connect our Tronlink with it.
Then will Click on the manage button, showing.
There we can see 2 options of stake and claim, so we will click on the Claim.
There I will click on the Max, as it will show all of the value which is 16.525768 which I previously stake.
And then will click on the Claim and Unstake.
It will ask for the confirmation and I will accept that.
The the Unstaking will be Done and I can see the process on Tronscan.io.

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Conclusion

So yeah that was it, I hope I covered everything the professor asked for. And if @sapwood you found is missing or I didn't tell it correctly, so you're the professor you have the right to correct me hehe. Will keep an eye on the next wonderful lecture.

Regards,
@maazmoid123

#cryptoacademy #sapwood-s2week7 #promo-steem #steemexclusive #sun-io #tron #defi