Funds deposited in Sunny will automatically start earning SUNNY yield on August 28, 2021, at some time between 23:00–23:59 UTC. During the first 15 days of SUNNY rewards, 3.75% of the total supply (=0.25%/day) will be distributed to Sunny depositors. During the following 45 days, 4.5% of the total supply (=0.1%/day) will be distributed, and at the end of this boost period, the emission rate of SUNNY will drop.
To reduce the complexity of the launch and avoid bugs, users can deposit only Saber USDT-USDC LP on Sunny mainnet today. Pools for other Saber LPs will be launched a few days after farming goes live.
While many other Solana projects reserve large allocations for teams, VCs, partnerships, and advisors, the SUNNY tokenomics are designed to provide the right incentive for Sunny to thrive as a decentralized protocol. Sunny DAO is one of the first DAOs natively born on Solana.
The Sunny Aggregator protocol is owned and governed by the DAO; the community decides what to do with the Sunny DAO money in a democratized way. Sunny DAO will receive more tokens than the initial contributors, and the initial Sunny contributors will not receive any compensation from the DAO or any special ownership rights.
All performance fees charged by Sunny go towards the Sunny DAO, and this revenue will partially be used to perform buyback and burns of SUNNY. The performance fee is currently 16% taken on non-SUNNY yields. The APY displayed in the Sunny app already takes into account the performance fee. At launch, the buyback and burn feature is not yet implemented, but rewards will be accumulated in an account belonging to the Sunny DAO.
Users will be able to claim SUNNY airdropped to Osmosis holders later. There is no expiry date for claiming. Additional details are available on the Sunny Osmosis airdrop medium article.
Any other future airdrops of SUNNY will use snapshots on the first block after August 24, 2021 10:06:33 UTC. There will be no airdrop of SUNNY tokens based on social media.
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
If you have any concerns about the nature, propriety or legality of this token sale or the persons involved in it please contact [email protected] with detailed information about your concerns.