The different roles on Sunder’s ecosystem

Sunder Protocol is the first framework that allows for utilities of Governance tokens to be mutually inclusive, enabling participants to remain exposed while being able to bear interest via strategies, without sacrificing on voting rights. Nevertheless, equally to other protocols, Sunder.Finance will have different roles which users can adopt based on their preferences.

disclaimer: sunder protocol is still a working progress and changes could be made when launching on ethereum mainnet, instructions are based on testnet interface and on Kovan testnet: app.sunder.finance

Basic roles on Sunder protocol

1.Users searching for yield without minding voting rights:This users will sunder the native governance token to receive one dToken and one eToken, since they dont mind about voting, they could sell their dTokens and bear interest with the strategies offered by the Strategist with their eTokens as well as purchasing eTokens directly from the AMM at a marginal cost.

Steps:

  • Mint dToken and eToken by sundering the native token
  • Keep the eToken in your wallet and go to Sushiswap pool to sell your dToken
  • Stake your eToken into the yield vault and enjoy!

2.Governance activist:.There are two ways to engage actively:

a) Sunder the token and sell the eToken for profit keeping the dToken to vote in the future proposals.

Steps:

  • Mint dToken and eToken by sundering the native token
  • Keep the dToken in your wallet and go to Sushiswap pool to sell your eTokens.
  • Vote on the proposals with your dTokens holdings

b) Acquiring exposure purchasing dTokens directly from AMM at a marginal cost.

Besides, the voting process is triggered via Snapshot, simply needing a signature message originated from users wallets, the outcome for dToken holders results in zero cost of executing governance participation rights.

3.Arbitrageurs: Since the dToken and eToken will be priced in different pools, there will be room for Arbitrageurs who will maintain the fair price according to the native token ( dToken + eToken should be equal to the price of the native token ) if the sum of this isolated tokens surpasses or doesn’t reach the native native token price, arbitrageurs will have an opportunity to make money as well as maintaining the 1:1 proportion.

4.Liquidity contributor(Sunder Miner): This users will sunder the native governance token to receive one dToken and eToken which then can provide liquidity to e.g: the dCompound/DAI SLP and eCompound/DAI SLP pools for fee acquiral over trading volume(rewards will be given in SGT) It will be a revolutionary moment for any project to see how the first mover would price his/her voting right when the liquidity pool is created and we will see how the market will react to the initial price; same with the eToken since the yield would be higher than normal stakers since there will always be an x% locked in liquidity and y% in circulation and z% staked to share the yield.

Steps:

  • Mint dToken and eToken by sundering the native token
  • Provide the liquidity to the pools

5.Liquidity mining rewards program:This program is designed to incentivize Sunder-ETH Sushiswap liquidity providers. The Sunder-ETH pair is currently traded on Sushiswap. Liquidity providers can stake their LP tokens on the Sunder Liquidity Mining page to be eligible for rewards and these rewards are redeemable once mined.

Steps:

  • Provide liquidity on the Sunder/ETH pool on Sushiswap to get LP tokens
  • Once you receive the LP tokens go to ‘’Liquidity Mining’’ on app.sunder.finance
  • Stary staking LP tokens and enjoy the rewards!

6.Yield Strategist:Strategists can suggest yield strategies via holding SGT and obtain returns structured as strategist fees. The changes of strategies will be finalized by the Sunder governance vote. These are deployed via 3 core smart contract structures:

Vault contracts will determine where tokens from Sunder vault will be allocated. The Controller contract will set strategy accepted by SGT holders, while the strategy contract will execute these with available tokens from the vault.

Products like Bentobox will play an important role to generate yield for collaterals from the Sunder Vault, as one of the potential environments to deploy on.

As BentoBox becomes more versatile, Sunder will grow in integration possibilities with its strategies.

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