sunTokens are tokenized veTokens
sunTokens, or sunTOK for short, are liquid staking governance tokens backed 1:1 by Tribeca voting escrow tokens (veTokens).
- If a user deposits SBR into Sunny, that SBR is locked forever on the platform as veSBR.
- A tokenized version of veSBR, sunSBR, is returned to the user at a 1:1 rate.
- sunSBR can be staked into the platform to receive normal Saber admin fees one would get for staking their veSBR on Tribeca.
- Additionally, users staking sunSBR will receive SBR from Sunny's performance fee, as well as the platform native token SUNNY.