Interview with Mars | Integrating SunSwap and SUN.io, and upgrading new gameplay, TRON opens the prelude to the DeFi competition

Looking back on the past 2021, although the DeFi market is not as loud as NFT, the development scale of the entire track is constantly expanding, and the total amount of funds invested in various protocols has risen by nearly 10 times.

Entering 2022, SunSwap, a heavyweight player in the DeFi market and the largest decentralized trading platform of TRON, announced the integration with SUN.io to upgrade the DeFi gameplay and open the prelude to market competition. Today, Justin Sun, the resident representative of Grenada in the World Trade Organization, the ambassador extraordinary and plenipotentiary of Grenada, and the founder of TRON, as a major SUN householder, accepted an exclusive interview with Mars, and explained in detail the new layout of TRON in the DeFi market.

The following is the transcript of the conversation:

As the largest DEX on TRON, how has SunSwap been running in the past six months since the brand upgrade was completed in October last year?

Justin Sun: Since the brand upgrade was completed in October last year to become the largest DEX on TRON, SunSwap can be said to have made great strides towards the expected development path, and the product upgrade and operation are very smooth. The integration of token exchange, liquidity mining, stable currency exchange and pledge and platform autonomy on the TRON chain has also brought a lot of convenience to users.

During this period, SunSwap has launched three versions, v1.0, v1.5 and v2.0, and has been running stably. Specifically, SunSwap v1.5 is more defined as a version upgrade. After SunSwap v2.0 is launched, its role and importance will be gradually weakened. SunSwap v1.0 and SunSwap v2.0 will focus on more traffic. With higher capital utilization efficiency, SunSwap v2.0 supports any two TRC 20 (tokens) to form a trading equivalence advantage, which will continue to attract users .

What’s more worth mentioning is that, corresponding to the previous plan, after a period of development, SunSwap has officially used 1/6 of the handling fee to repurchase SUN for destruction. This move will continue to increase the value of SUN tokens, empower the development of SunSwap, and make SUN expected to become another deflationary digital currency after TRX, the mainnet token of TRON.

What changes and optimizations are made in SunSwap V2.0 in terms of product interface and trading functions? What is the current community feedback?

Justin Sun: SunSwap V2.0 was officially launched in mid-December last year, and the product has been upgraded in an all-round way to support the long-term development of SunSwap and allow more people to enjoy the dividends of SunSwap's development.

Specifically, in terms of product interface, SunSwap V2.0 has iteratively upgraded the interactive interface of modules such as exchange, fund pool, and browser; in terms of operation, a new one-click liquidity migration function has been added, and users do not need cumbersome The operation can migrate the liquidity of version 1.0 and 1.5 to version 2.0.

In terms of functions, SunSwap V2.0 not only adds liquidity to support any two TRC20s to form a trading pair, but the new routing protocol also makes users no longer need TRX as an intermediate token to facilitate the exchange process, but to optimize the path according to the transaction situation. The algorithm provides users with the best redemption path.

These interface upgrades and function optimizations based on actual use pain points are very friendly to ordinary users, especially novice users, and greatly reduce the threshold for people to participate in DeFi and enjoy DeFi on the TRON network. Thanks to this, SunSwap V2.0 has been highly sought after by users since its launch, and received rave reviews in the community. The total lock-up volume exceeded US$1.7 billion once it was launched, which is the best example.

After the V2.0 version was launched, SunSwap announced the integration with SUN.io. What is this adjustment based on? As far as I know, SUN.io governance mining has been running for a while, how big is the TVL scale now?

Justin Sun: We all know that the development and change of the blockchain is changing rapidly, and it can even be called a thousand miles. Therefore, product upgrades and iterations must meet or even guide and lead the needs of users. Only in this way can the popularity be better continued. This is why SunSwap will launch multiple versions of v1.0, v1.5 and v2.0 in just 3 months.

Going back to the integration of SunSwap and SUN.io, I think it is a hit-and-miss rather than an intensive effort. This is an in-depth integration of the advantages of the two platforms rather than a blunt graft. Before that, SunSwap used the AMM algorithm to aggregate the transactions of all TRC20 tokens, while SUN.io focused on the stablecoin transactions of TRON, so the integration of the two will first realize the pattern of one-click aggregation transactions within the ecosystem. That is to say, a simple transaction aggregation page will be able to carry TRON's decentralized transactions, and the upcoming price aggregator will enable users to get the best transaction prices and further upgrade the experience.

SUN.io governance mining has been online for a period of time. Since its launch, a large number of users have enthusiastically participated, and more high-quality project parties are also actively joining. At present, the total pledge value of governance mining has exceeded 800 million US dollars. It is foreseeable that this number will continue to rise in the future.