On September 5, SUN.io announced a major upgrade to the platform, launching a new SUN Boost feature to further optimize the decentralized finance (DeFi) ecosystem. This innovative upgrade transforms the mining pool model from a traditional approval system to a free listing model, bringing greater flexibility and autonomy to project parties and liquidity providers, stimulating market vitality, and creating more opportunities for platform users to participate.
Since the launch of SunPump Beta on August 13, the platform has shown significant growth momentum and user engagement has continued to rise. As of September 5, the total number of projects created has reached 75,752, with cumulative revenue exceeding $30,493,780 TRX (approximately $4.57 million). The average daily number of creations in August was as high as 3,709, especially on August 21, when the number of project creations per day reached 7,531, reflecting SunPumps rapidly expanding market influence and growing user base. In addition, the launch of SUN Boost has injected new and fair opportunities into the meme projects on the SunPump platform, further becoming an engine for growth.
Empowerment projects: dual enhancement of free listing and governance incentives
The launch of the new SUN Boost function is designed to provide project owners with more control and flexibility. After the SUN Boost function upgrade, project owners can customize LP lock-up periods, set revenue tokens, adjust transaction fees, and fully control project operations.
In addition, SUN Boost also introduced the Gauge and vote-buying model. As an innovative tool to incentivize liquidity providers (LPs), the core of the Gauge mechanism lies in the staking mechanism of SUN tokens. Users can stake SUN tokens as veSUN and obtain different amounts of veSUN according to the length of the lock-up period. The amount of veSUN directly determines the users weight in the Gauge vote, which in turn affects the distribution direction of platform resources and rewards.
The vote-buying mechanism further optimizes the governance model of the platform. Project owners can influence the distribution ratio of token rewards by increasing the voting weight of veSUN, thereby dominating the resource allocation of the SUN.io protocol. This process not only increases the participation of project owners in protocol governance, but also provides veSUN holders with more decision-making power and profit opportunities. Users holding veSUN can not only participate in platform governance voting, but also enjoy the generous rewards brought by vote-buying, truly realizing the combination of interests and governance rights.
Token value consolidation: continuous repurchase and destruction
In this upgrade, SunSwap V2 and SunPump platforms worked closely together to invest all protocol revenues in a decentralized manner into the repurchase and complete destruction of SUN tokens. As of now, SUN has destroyed a total of 340,477,321.63 SUN, equivalent to approximately $9,209,725, accounting for 3.42% of the total circulation of $SUN.
Official data shows that SunPump has earned more than $4.5 million since its launch. At the same time, all revenue from SunPump Meme will be returned to the community in the form of liquidity donations. The plan will be discussed by the community and officially implemented after voting.
This innovative upgrade of SUN.io not only brings more participation opportunities and profit options to platform users and project owners, but also sets a new benchmark for the future development of decentralized finance. Through continuous technological innovation and mechanism optimization, SUN.io will continue to lead the development of decentralized finance and help users and project owners achieve greater success in this innovative field.
