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 solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.