SunSwap

Stake SUN for veSUN

SunSwap

Lock SUN, get voting weight

Staking on SUN.io, for the governance position, means locking SUN to receive veSUN. veSUN is voting weight. It is not a token you market-buy, and it is not an LP token from a sun swap. The weight is linear in how much SUN you lock and how long you lock it, up to four years. A four-year lock starts at the maximum weight for that amount. The weight falls as time passes. When the lock ends and you withdraw, veSUN from that lock is gone.

Three uses are spelled out in the SUN white paper. First, veSUN holders receive 50% of the trading fees from the stablecoin pools. Second, governance mining counts a virtual balance. With no veSUN, that balance is 0.4 times the real LP stake. With enough veSUN it can reach the full real stake, which is a boost of up to 2.5 times versus a locker with none. Third, veSUN votes on which liquidity pools get mining weight. A vote can be changed 10 days after it is cast.

Liquidity mining is the other action people call staking. You stake an LP token from a SunSwap pool or a stablecoin pool into a mining contract. That is not the same signature as locking SUN. You can do one, the other, or both. The boost only applies if you also hold veSUN. Nothing here takes your keys. A lock still sits in a contract you called from your wallet.

How the two stakes differ

  1. Lock SUN to mint veSUN. Longer locks start with more weight, and the weight decays.
  2. Stake LP tokens in a mining pool to earn mining rewards on top of trading fees.
  3. Vote pool weights with veSUN if you want a say in where emissions go.
  4. Wait 10 days before changing a vote. The white paper sets that cooldown.

Frequently asked questions

What do I get for locking SUN?

veSUN. It is voting weight that decays over the lock. Holders receive 50% of stablecoin-pool trading fees, can boost mining up to 2.5 times, and vote on mining weights.

Is veSUN the same as staking LP tokens?

No. veSUN comes from locking the SUN token. LP staking deposits a liquidity-pool receipt into mining. The boost connects them: veSUN can multiply the mining share of an LP stake.

Does veSUN last forever?

No. Weight falls as the lock runs down, and it reaches zero when the SUN is unlocked. A max lock is four years at the start, not a permanent balance.