User Groups

User Interaction Opportunities in Sunder Finance

Sunder finance creates plenty of ways for users to interact with the protocol.

As for this moment, there are a total of 5 different roles in Sunder´s ecosystem, being all equally important for the correct functioning of the protocol.

The roles are:

1. Farmers(users seeking for yields,careless on voting rights)

These users will sunder the native governance token(s) in order to receive dToken(s)/eToken(s), since they don’t specifically have interest on governance participation, they could sell their dTokens and bear interest with the strategies offered by the Strategist with their eTokens as well as purchasing eTokens directly from the AMM at a marginal cost.

Steps to follow:

• Mint dToken and eToken by sundering a native governance token.

• Keep the eTokens in your wallet and go to SushiSwap pool to sell your dToken.

• Stake your eTokens into the yield vault.

2. Governance activist

There are to ways to engage:

• Sunder the native governance token and sell the eToken for profit( on Sushiswap’s dedicated eToken pool), keeping the dToken to vote in future proposals.

• Acquiring exposure purchasing dTokens directly from AMM at a marginal cost.

The voting process is triggered via Snapshot, simply needing a signature message originated from users wallets, the outcome for dToken holders results in zero cost of executing governance participation rights.

3. Arbitragers

The dToken(s) and eToken(s) will be priced in different pools, there will be room for arbitrageurs who will maintain the fair price according to the underlying governance token ( dToken + eToken are set to be remain approximately equal to the price of the underlying governance token ) if the sum of this isolated tokens surpasses or doesn’t reach the native token price, arbitrageurs will have an opportunity to take advantage financially as well as maintaining a 1:1 proportion.

4. Liquidity providers

These users will sunder the native governance token to receive one dToken and eToken each, which then can provide liquidity to e.g: the COMP dToken/DAI SLP and COMP eToken/DAI SLP pools for fee acquiral over trading volume(rewards will be given in $SUNDER).

Steps to follow:

• Mint dToken and eToken by sundering a native governance token.

• Become a Liquidity Provider and stake your SLP tokens into the Sunder App.

5. Yields Strategist

Strategists can suggest yield strategies by holding $SUNDER and submitting to the Sunder Community. Strategists obtain returns, structured as strategist fees. The changes of strategies will be finalised by the Sunder governance vote. These are deployed via 3 core smart contract structures.

Vault contracts will determine where tokens from Sunder vault will be allocated. The Controller contract will set strategy accepted by $SUNDER holders, while the strategy contract will execute these with available tokens from the vault.

Sushi’s BentoBox will play an important role to generate yield for collaterals from the Sunder Vault.

These are not exclusive roles, and could be overlapped as well as combined with one another, e.g. One may be interested in farming yields via staking eTokens in the Sunder Vault, while mining $SUNDER via Liquidity Provision on the designated dToken pool, And utilise mined $SUNDER to engage as strategist and propose a nouvelle strategy for a specific native governance token.