SUNDER token is
The governance token of Sunder Protocol.
SUNDER token is used for
- Yield farm
How could value accrue to the token?
- 0.1% fees on redemptions on the platform (currently on testnet and subject to change)
What is Sunder Protocol?
The protocol is a platform to create derivatives and separate different use cases of governance tokens.
How does it work?
Users desposit for example COMP to the Protocol.
- Earn COMP token (ECT)
- DAO Comp token (DCT)
ECT token can be used in strategies to earn yield independently from the DCT token. And either of them can be sold if the user values one part more than the other. This creates a market price for the governance part of a token in a new way.
- Users can stake their tokens to earn tokens in the Sushiswap LP pools.
The Sunder app is currently on Kovan testnet.
- 10% – Private Sale
- 2.5% – Public Sale
- 7.5% – Marketing
- 15% – Team
- 5% – Community
- 10% – Ecosystem
- 50% – Incentive Rewards
Dutch Auction Public: $3 – 0,2 Linear Distribution
Public auction on MISO platform June 6th – 10th.