Hello all,
As we all know Defi market is so hot lately,Justin Sun announced Defi for his Tron Platform introducing SUN Token.
Introduction
What is SUN?
SUN is a social experiment filled with unlimited imaginations. It is a crucial
component of the TRON DeFi. Together with the other developed decentralized
finance (DeFi) projects, it enriches the whole TRON ecosystem. It may also take part
in decentralized lending, insurance, liquidity, stable coins, etc.
Read more here
What do you need to mine SUN?
A TronLink walletd mainly and the coins you want to stake to yield SUN. Read how to setup TronLink wallet fully here
What is current price for SUN?
900-1000 TRX per SUN(30-33$). You can trade them on PoloDex/TronTrade which are DEX markets of Tron Ecosystem.
What coins can you stake to yield SUN?
TRX ofcourse, BTT,WINK,DICE & JST.
So the risk here while staking is that when the coin u stake dumps,you wont profit much.
So,How can we yield SUN with almost no risk?
You yield sun with a stablecoin called USDJ which will be available starting from 17th .
Right,it seemed easy to get USDJ but not really.
2 MAIN WAYS TO GET USDJ
-Sell your TRX for USDJ (But you will not get perfect amount due to liquidity depending on TRX/USDJ DEX market)
-Another way is which I use .
You need an exchange that allow TRC 20-USDT withdrawal (which is not supported by Binance)
So I use Bitmax.io to deposit my TRX to sell it into USDT.
Withdraw USDT back to my Tronlink and Exchange USDT for USDJ with 1:1 ratio directly in PoloDex .
After you got the coins you want to stake,you go to this site https://sun.io/#/home and input the amount,it will start mining SUN for u automatically.
Since USDJ is a stablecoin,you wont need to worry about it dumping ,you will be comfortably yielding SUN .
What's benefit of this SUN Yielding With USDJ?
You can worry less about price flactuation, and you can unstake/stake at any time without any delay.
I'm currently staking TRX and will start staking USDJ starting from 17th.
If you have any questions,pls comment down below.
Thats all.Thanks.
If you want trading setups,follow me on tradingview where I usually posts charts there https://www.tradingview.com/u/tikyikhant/
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Some nice advantages to BitMax but not many people seem to know about it. Been using it for ages.