SUN.io forges alliance with HTX DAO, promises surge in liquidity
SUN.io, a decentralized finance firm, is partnering with HTX DAO, setting the stage for what they claim will be a significant enhancement in the liquidity of the HTX/TRX pair.Â
To boost decentralized liquidity support, HTX DAO is committing 50% of its quarterly liquidity donations to enhance the HTX-TRX liquidity pool, promising a substantial impact on the SUN.io platform.
This alliance, announced in a Feb. 25 statement on the SUN.io website, is expected to catapult SUN.io’s total value locked (TVL), with the platform predicting it could soar beyond $100 million by the end of 2024. It would mark over 20% of SUN.io’s TVL if that were to happen.
Added value for HTX token holders
For the HTX token holders, the partnership announcement promised them added value and governance participation through various campaigns designed to distribute SUN tokens in accordance with HTX holdings.
This initiative underscores the platforms’ dedication to community appreciation and engagement while offering HTX users the option to opt out and return the SUN tokens they receive during the campaign.
What’s more, SUN.io is doubling down on its commitment to the HTX community by introducing enhanced initiatives that include trading fee reductions, new trading pair listings, and the added bonus of supplying free energy, which it hopes will further sharpen SUN.io’s competitive edge in the crypto market.
Additionally, the collaboration paves the way for developers to contribute more actively to the TRON blockchain ecosystem.
Per the partnership announcement, SUN.io envisions a future where the integration of high-quality decentralized applications will enrich its platform, providing added utility and potentially generating new opportunities within the TRON network.
Enticing APY
According to the two platforms, the partnership signifies a turning point in the defi ecosystem, with SUN.io reaching out to users and developers to join hands in elevating the platform’s growth and expansion.
This partnership comes barely over a month after HTX, previously known as Huobi, announced the HTX DAO. The initiative, backed by TRON’s Justin Sun, looked set to challenge the status quo with enticing promises such as a 30% annual percentage yield (APY) for contributions to the HTX/TRX pool.
However, as reported by crypto.news, details concerning the duration and terms to qualify for this APY remain tantalizingly vague. HTX DAO’s platform hints at a dual-ecosystem advantage wherein HTX token holders could savor the fruits of both decentralized and centralized financial worlds but fall short of detailing the specific perks tied to the exchange.
