Usage of $SUNDER
Why $SUNDER is important and why you should use it
The $SUNDER token is the native utility token of Sunder Finance, designed to drive key aspects of the protocol and incentivize active participation from the community.
Key Use Cases for $SUNDER:
1. Staking and Earning Rewards
Staking $SUNDER allows users to earn additional rewards in the form of tokens from protocol-generated fees. Stakers can lock their tokens for a maximum of upto 4 years, enabling them to receive boosted rewards over time while actively contributing to the security and growth of the network.
2. Governance Participation
$SUNDER holders have the right to participate in governance by staking their tokens. Tokenholders can vote on important protocol decisions, such as pool incentives, liquidity management, and other key platform parameters. By doing so, they contribute to shaping the future direction of Sunder Finance.
3. Incentivizing Liquidity Providers (LPs)
$SUNDER tokens play a central role in liquidity provision on Sunder Finance. Liquidity providers can earn $SUNDER by depositing tokens into liquidity pools. These tokens are distributed as rewards, helping to bootstrap and sustain liquidity across various pools.
The $SUNDER token is an integral part of the Sunder Finance ecosystem, driving incentive mechanisms, governance participation, and liquidity provisioning, all of which contribute to the sustainable growth and development of the platform.