Sunny Governance Token: SUNNY
The Sunny Aggregator protocol is a decentralized protocol governed by the Sunny DAO. The Sunny Governance Token (“SUNNY”) will be used to make decisions about the future of the protocol. The only way to obtain SUNNY tokens is by farming; there will be no ICO for SUNNY tokens.
Boosted Farming Launches in Less than 24 Hours
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.
USDT-USDC Exclusive Launch
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.
Token Distribution and Supply
- 22% Initial Sunny Contributors (2 year linear vesting)
- 26% Sunny DAO Treasury
- 52% Mining Reserve & Airdrops
The fully diluted supply will be 19,884,700,000 SUNNY tokens (derived from 1 unit of solar mass, M☉, which is 1.98847×1030 kg and approximates the mass of the sun). There will never be more than 19.8847 billion SUNNY tokens.
SUNNY is an SPL token on Solana, with the token address SUNNYWgPQmFxe9wTZzNK7iPnJ3vYDrkgnxJRJm1s3ag
Sunny Decentralized Autonomous Organization
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.
Airdrop to Osmosis Holders Details to Come Later
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.
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Risks and disclaimers
Solana is a relatively new blockchain (the mainnet is technically still in “beta”) and most applications on Solana are new. Sunny is also a new protocol, and the smart contracts are unaudited, which may come with unknown risks. Sunny is a decentralized platform and is provided “as is” without warranty of any kind. There is always risk associated with depositing any funds in smart contracts, including loss of part or all of deposited capital. Sunny claims no affiliation with the underlying protocols it aggregates. Please do your own due diligence and do not deposit more than you can afford to lose.
Crypto assets and yields are highly volatile. Past performance is not a guarantee of future performance. Sunny Aggregator is a decentralized platform without a formal team; the authors of this blog post are the initial Sunny contributors.
SUNNY tokens are a means by which users may govern the protocol. Sunny DAO does not recommend purchasing SUNNY for speculative investment purposes. SUNNY tokens may lose value or have no value and may have no market. Note that if applicable law does not allow all or any part of the above limitation of liability to apply to you, the limitations will apply to you only to the maximum extent permitted by applicable law.
You are not allowed to use SUNNY or Sunny Aggregator if you are a resident of Burma, Cote D’Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Iran, Iraq, Libya, Mali, Nicaragua, Democratic People’s Republic of Korea (North Korea), Somalia, Sudan, Syria, Yemen, Zimbabwe, or any other state, country or region that is subject to sanctions enforced by the US Office of Foreign Asset Compliance. You must not use a VPN or any other techniques to evade these prohibitions.
