SUN.io & HTX DAO forge liquidity boost pact

SUN.io, a global leader in decentralized finance, has greatly boosted the DeFi sector by collaborating with HTX DAO to increase user engagement and sustain liquidity sponsorships in both the HTX and TRX markets. This collaboration is one of the most significant events that will help to preserve liquidity and stabilize the ecosystem, providing users and stakeholders with several opportunities.

HTX DAO plans to allocate at least 80% of the quarterly liquidity donations it receives to the HTX-TRX Liquidity Pool (LP). The LP tokens will be transmitted to a zero address in accordance with this partnership. This maneuver is anticipated to increase SUN.io’s TVL beyond $100 million by 2024, representing more than 20% of the total TVL. The projected revenue of the HTX exchange for the years 2022 and 2023 is reflected in this forecast, indicating that the project will sustain significant financial expansion and platform stability.

SUN.io intends to express gratitude to their HTX token holders via a series of campaigns that incorporate a reward system wherein bearers of SUN tokens are awarded in proportion to the value of their HTX holdings. 

This initiative seeks to provide users with a more gratifying experience and incorporate HTX holders into the governance of the SUN platform, thereby granting them the opportunity to participate in decision-making processes and gain access to additional advantages. 

A specified period will be allotted for individuals who wish to withdraw from the campaign to retrieve their SUN tokens. Sun.io and the HTX DAO interpret the campaign terms and conditions.

With a strong commitment to advancing the HTX community, the SUN.io team is currently engaged in developing and implementing various initiatives to enhance user participation and utilization of the platform. They include the provision of free energy to support platform operations, the addition of new trading pairings, and the reduction of transaction fees. 

Furthermore, SUN.io is inclusively inviting developers from around the globe to participate in advancing the TRON blockchain by creating and deploying decentralized applications (dApps) within the ecosystem. The primary expansion strategy of SUN.io is to attain a dominant position in the TRON DeFi sector. This entails developing and integrating superior decentralized applications (dApps) that enhance the ecosystem’s diversity and provide greater opportunities and value to the wider TRON Network.

This partnership between SUN.io and HTX DAO is anticipated to significantly alter the DeFi landscape in TRON by stimulating the sector’s growth, enhancing liquidity, and fostering innovation within the ecosystem. Through strategic collaboration and pioneering initiatives, the alliance has the potential to create uncharted territories for stakeholders, developers, and users, thereby establishing novel benchmarks for achievement and long-term viability within the realm of decentralized finance.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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