Let’s Sow Sun : staking and providing liquidity in the Steem-Tron ecosystem
Introduction to “staking” Sun on www.sun.ion and “Providing Liquidity” on www.JustSwap.io
I am staking Sun on the www.sun.io website and it’s current advertised APR is 494% as of this writing. You must buy Sun, store them in your wallet, connect your wallet to the website www.sun.io and deposit to the pool directly on the website to stake your Sun at this rate. Staking is a cryptoCurrency term for interest paid on a token locked up somehow in a wallet or a pool.
I am providing liquidity on Justswap by depositing dollar equivalents of the trading pair Tron-Just into the JST-TRX Liquidity pool there. A dollar equivalent means l deposit one dollar worth of Tron and one dollar worth of JST. So one dollars worth of a 5 cent token is 20 tokens. A dollar equivalent of a ten cent token is ten tokens.
So I deposited the pair into a trading pair pool, where I earn a percentage of the transaction fees. This is the basic definition of a Liquidity Provider, you contribute both sides of a trading pair to the pool, so investors can come to the platform and trade, in this example JST for TRX or TRX for JST, they pay a transaction fee and the contributors of tokens to the pool get a percentage of the transaction fees in proportion to the percentage of the pool you contribute.
It is what some investors in do everyday as Liquidity Providers and it has resulted in billions of dollars moving into DeFi this year.
Example:
I buy 10 Sun
I buy 1200 JST
I deposit 10 Sun and 1200 JST into the Sun-JST Pool on Justswap
Now I have 1% of the trading pair Sun-JST pool
Now I earn 1% of the transaction fees every day for trades involving investors/persons trading Sun for JST or JST for SUN. This is the simplest illustration of yield farming.
Steem-Tron PAIR OR SUN-STEEM Pair represents a unique opportunity for investors.
However You don’t have to buy both Tokens of a Steem-Tron Pair!
You see Steem has an unfair financial advantage over other Tokens on JustSwap because for the majority of the swap pairs on Justswap the investor needs to buy both tokens in the pair, then deposit them in the Liquidity Pool. But a Steem-Tron or Steem-Sun pair changes that dynamic because here we earn one half the pair on Steemit, so we can use our money to buy the other pair!
Example
Investor Bob #doesn’t earn Steem on Steemit
Bob buys 100 Steem for 125$
Bob buys 500 Tron for 125$
Bob deposits 100 Steem and 500 Tron into the Steem-Tron trading pair liquidity pool on Justswap
Bob now owns 1% of the Steem-Tron liquidity pool, Bob earns 1% of all the transaction fees per day.
Bob earns $2.50 per day
Bobs total investment is 250$
Bobs ROI is 1% per day
Investor Susan #does earn Steem on Steemit
Susan earns 100 Steem fon Steemit posting and commenting for author rewards, upvoting for curation rewards.
Susan buys 500 Tron for 125$
Susan deposits 100 Steem and 500 Tron into the Steem-Tron trading pair liquidity pool on Justswap
Susan now owns 1% of the Steem-Tron liquidity pool, Bob earns 1% of all the transaction fees per day.
Susan's total investment is 125$
Susan earns 2.50 $ per day
Susan ROI 2%
Susan investment capitol is 50% of Bobs, 125$ USD versus Bob’s 250$ USD
Susan ROI is 100% better then Bobs, 2% versus 1%
This is the Steemit advantage on JustSwap
Investors save half their capitol blogging for Steem and buy more Tron or Sun, then lock it up in smart contracts.
Investors don’t have to buy Steem, they can earn it on Steemit it, and then deposit it into the Steem-TRX liquidity pool.
Wow
Investors earning Steem on Steemit would save the money/capitol they would have invested in the Steem side of the pair and can use it to buy TRX or SUN or JST!
This means Steemit investors have 50% more capitol!
Investors can come here and literally blog for Steem. They turn their words into Steem.
Investors can earn Steem three ways on Steemit by posting & commenting for author rewards and then transfer those Steem to JustSwap to passively earn tokens there!
Investors can also earn Steem on Steemit through curation rewards
Investors don't need to write posts or comments they can upvote posts for curation rewards, and then transfer those Steem to JustSwap to earn tokens there!
Investors can earn Steem on Steemit passively by delegating to curation accounts.
The fourth way investors can earn Steem here is buy Steem, changing it to Steempower by powering it up in their Steemit wallet and then delegating to a Curation pool. The pool does the upvoting and the Investors earn curation rewards without any effort.
There are literally four ways to earn Steem and then transfer those Steem to JustSwap to earn there!
The largest captive pool of investors in history is already on the Steemit platform
These are sophisticated investors with capitol to spend. I believe they are ready, willing and anxious to get involved in this DeFI BOOM. This is a large number of investors to increase the trading volume of JustSwap.
We are waiting for the Sun to smile on us and give us a Steem token listing for a trading pair.
#Sun-Steem trading pair
#TRX-Steem trading pair
Then watch us make JustSwap bigger then it already is....people will then see the full realization of the plan which started with Justin Suns purchase of Steem and now could lead
A Steem-Tron Strategic Partnership trading pair
Blogging for Steem to save money
Investors can blog here and literally turn their words into Steem, Tron, Sun, Just....
Your not an investor?
A win-win because DeFi seems to raise Token value, which is great for content creators.
All those diary posts will suddenly be worth more USD when you sell your Steem.
I don’t know about you, but I think I see the Sunrise on the horizon of a new day for Steem and Steemit.
Sunrise in Waikiki, Honolulu, HI
P.S.
I have Tweeted out this post on my Twitter account with more then 30 followers and tagged @steemit @defi_sunio
Steem’s Financial advantage on JustSwap DeFi platform: we mine Steem
@steemitblog
@steemitcurator01
@steemitcurator02
@steemitcurator03
@steemitcurator04
@steemitcurator05
@steemitcurator06
@steemitcurator07
@steemitcurator08
@stephenkendal
@cryptokannon
@steemingcurators
@crypto.pior
@ciska
@oppongk
@beautychicks
@focusnow
@yohan2on
@mariita52
@tarpan, @toufiq777
@rishabh99946
@anroja, @ernaerningsih
@cryptokannon
@randulakoralage
@theitalygame
@alexmove
@kiwiscanfly
@olesia
@rashid001
@johndoe
@zinasura
@joeypark
@omit
@cybern
@leeyh
@omit
@cyberrn
@leeyh
@sj-jeong
Great One about SUN and Congratulations!
Thank you!
Im not sure i follow the part about steem holders having an advantage. You think we can delegate our steem power to the pool instead of directly providing steem?
We can't delegate our Steem power to the pol, but thats an interesting idea. Our advantage is we can turn our words into Steem, then buy TRX (Tron) to deposit Steem and Tron into a Steem-Tron trading pair on Justswap and we would start earning a percentage of the transactional volume for that pair. Our advantage is we don't have to divide our investment money between Steem and Tron, we can earn Steem and buy Tron. So we need only half the Capitol.
Hi @shortsegments, very interesting post.
Is one of the three versions of this post an entry for the Sow Your SUN Challenge?
If so, please would you amend the title to start with Sow SUN -
Thank you
The Steemit Team
Thank you, I will amend it.
Congratulations you are one of the winners of the Sow Your SUN Challenge.
The Challenge is open for further entries until September 28th...
Thank you for taking part
The Steemit Team
Thank you very much! I greatly appreciate this win.
Tweeted on Twitter and tagged @steemit and @defi_sunio