On July 31, SUN.io, a decentralized finance (DeFi) platform based on the TRON public chain, announced the official establishment of SUN DAO. This move aims to further promote the decentralized governance and community autonomy of the platform, expand the application scenarios of SUN tokens, and continue to promote the development and long-term governance of the SUN.io protocol.
According to official information, the core security elements of SUN DAO mainly include protocol functions and SUN tokens. Protocol functions mainly cover community participation, incentives, self-regulation and policy management, and are managed through on-chain proposals. SUN tokens will also serve as an important part of platform governance to achieve the integration and digitization of monetary capital, human capital and other capital factors, and encourage community members to participate in governance and proposals.
By introducing SUN DAO, SUN.io will achieve a fully decentralized governance model, enabling community members to directly participate in the platform voting and decision-making process. Industry insiders said that the launch of SUN DAO marks a new height in its development in the DeFi field. This move not only improves the transparency and fairness of the platform, but will also further consolidate its leading position in the field of decentralized finance and enable ecological innovation.
Introducing the DAO model to explore new heights of decentralized governance
SUN DAO was established to establish a future-oriented governance framework based on system incentives and multi-level governance to promote the long-term growth and continuous optimization of the protocol.
According to the existing mechanism, SUN token holders can collectively act as managers of the protocol and vote on proposals by exchanging votes veSUN. Community members who hold more than a certain number of veSUN can initiate proposals on the platform. Only when the number of votes in favor of the proposal exceeds the number of votes against and reaches a certain number, can the proposal be executed.
This approach enables the protocol to self-operate, self-manage, and self-develop according to preset rules through intelligent management without third-party intervention, thus maximizing efficiency. SUN tokens will also play a key role in this process, digitizing and tokenizing various elements within the organization, and achieving full integration of monetary capital, human capital, and other capital factors, thereby more effectively stimulating the effectiveness of the organization. SUN.io said that the goal of the SUN token economy is to achieve the healthy and long-term development of the entire SUN.io ecosystem, so that stakeholders and investors can benefit under a more secure protocol.
In addition, based on the trust relationship stipulated by SUN DAO, including mutual trust between stakeholders such as SUN token holders, markets, liquidity providers and integrators, the platform implements economic incentives. These measures are based on liquidity governance and are designed to keep the voting pool active and expand as new SUN.io ecosystem participants join.
Expand veSUN application scenarios and enable ecological innovation
The official introduction of the SUN DAO model will further expand the application scenarios of its ve (voting trusteeship) model - veSUN, and stimulate the participation of more community users, promoting further innovative development of the SUN.io ecosystem.
It is understood that veSUN is a voting certificate obtained by users by locking SUN tokens, which represents the user's voice in platform governance. Users holding a certain amount of veSUN can submit governance proposals on their own, such as supporting new markets or adding new features to the protocol. Other veSUN holders can also participate in decision-making voting within the organization, and can also enjoy rights such as liquidity pool mining acceleration, liquidity pool mining weight voting, and halving of stablecoin pool fees.
Industry insiders believe that the introduction of the community autonomy model has also injected new vitality into the SUN.io ecosystem. Through the decentralized governance model, users can allocate resources more flexibly and directly participate in the development and optimization suggestions of the platform. While promoting the continuous iteration and upgrading of platform products through the power of the community, it also helps to enhance members' sense of belonging and responsibility for the development of the platform.
In addition, SUN DAO's decentralized governance and multi-level governance framework rely on system incentives. This mechanism encourages community members to continuously propose innovative proposals and solutions to keep the voting pool active and attract more new users and funds to the platform, thereby promoting innovation and progress of the platform and the entire DeFi ecosystem.
As an important practice in the TRON ecological landscape, SUN.io's introduction of the DAO model will surely attract more community users and developers, and help TRON maintain a healthy DeFi ecological closed loop.
SUN.io is the first platform in the TRON ecosystem that integrates stablecoin exchange, staking mining and autonomy, and provides decentralized financial services such as supporting the exchange of Dominica's national legal digital currency. As of July, the total staking volume of SUN.io reached 431 million US dollars. The establishment of SUN DAO will further consolidate its leading position in the DeFi field, provide global users with better decentralized financial services, and look forward to promoting the continuous innovation and prosperity of the DeFi industry through this initiative.
Source: Sina.com
Original link: https://finance.sina.com.cn/tech/roll/2024-07-31/doc-incfzpzc5745270.shtml?cref=cj
