SunSwap is a decentralised exchange on Tron for trading TRC20 tokens.
Any two TRC20 tokens can be converted quickly based on the system price. Instead of funding the protocol itself, all trading fees will be paid out directly to the protocol's liquidity providers. Security and complete decentralisation are thus guaranteed.
SunSwap is the upgraded version of JustSwap. After being bought by SUN.io, which originally operated as SUN Genesis Mining before evolving into a TRON-based platform that combines stablecoin swap, token mining, and self-governance, JustSwap was updated to become SUNSwap.
JustSwap and SUN.io became two of the most popular and successful blockchain initiatives thanks to TRON's partnership with DeFi, and it has expanded quickly ever since.
As TRON's first decentralised token exchange protocol, JustSwap makes it simple for users to instantly trade any TRC-20 token for another, set system price, and access other features.
SunSwap does not require registration to create an account or the submission of unique confirmation and verification data, similar to the other decentralized exchanges running DeFi.
Following these easy steps will allow you to connect to SunSwap using TronLink decentralized wallet:
Step 1: Access the https://sunswap.com platform.
Step 2: Next, we must click the Connect to Wallet link in the upper right corner of the screen before contacting our TronLink wallet.
Step 3: After selecting the TronLink Wallet option, the system will prompt us to link the connection to our TronLink wallet.
Step 4: Once we've connected to our TronLink wallet, we can examine the address and wallet balance for TRX in the portal.
To participate in liquidity mining, users must own LP tokens, and mining pools will only take those particular LP tokens. For instance, only USDT-TRX LP tokens are accepted by the USDT-TRX liquidity mining pool.
Owners of LP tokens can go to the Liquidity Mining page on the Sun.io website, choose the mining pool they want to join, enter the number of tokens they wish to stake, and then wait until the staking process is complete before harvesting their mining earnings.
With the release of SunSwap version 2.0, the platform's TVL has risen above $1.7 billion, with the liquidity mining pool of Tron's native token, TRX, offering an astounding 34.1 percent annual percentage yield. By improving both its user experience and functionality, SunSwap is getting a tonne of traction with users. This represents a significant advancement for DeFi and the broader blockchain sector as well as another milestone for Sun.io and the Tron blockchain.
There are many similar decentralized exchanges available like Uniswap, Bitkeep Swap, etc.
The Ethereum blockchain, the second-largest cryptocurrency project in the world by market capitalization, is the foundation on which the Uniswap platform was developed in 2018. As a result, it is compatible with all ERC-20 tokens and supporting infrastructure, including wallet services like Metamask and MyEtherWallet. On the other hand, SunSwap is a decentralized exchange on Tron for trading TRC20 tokens. Another one of the top decentralized initiatives based on the Tron blockchain is Bitkeep Swap. With 27 built-in swap protocols, it is a multi-chain asset management platform that provides swap services with a total lock-in asset value of more than $1 billion USD.
If you liked reading this article, read more about the top projects on the Tron blockchain
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