Introducing Sunder Protocol

Redefining governance & earnings.

With the explosion of yield farming, dexes, derivatives, lending, insurance, wrapped assets etc., DAO governance has never been more important. Voting for integral core protocol changes, execution decisions, product enhancements, and hiring and staffing, are just among some of the elements DAO governance has the ability to oversee.

The current situation for DAO governance at the moment is that the average participation for voting is low. For example, the Compound proposal’s Average voting rate is 14.6% and most of the participants are whales.

Facts are:

1. Top10 TVL Defi protocols have DAO
2. Whales dominate in voting power

The Problem:

1. Value is unclear for DAO
2. No way to have both DAO governance and Earnings simultaneously
3. Participating DAO will result in low liquidity
4. On Chain voting is expensive

Sunder Protocol Solution:

Sunder Protocol provides decentralized vault services with fungible tokens on both Ethereum and Binance Smart Chain. It allows the market set coverage prices as opposed to using bonding curves. The process starts when market makers (MMs) deposit collateral to split tokens. MMs will receive two types of fungible DAO tokens and Earning tokens in exchange for their deposit. MMs can choose to sell the fungible token(s) to earn premiums, or provide liquidity in DEX pools with the fungible token(s) and earn fees. Governance seekers can then buy the DAO tokens to vote. Yield seekers can buy earning tokens to earn profit.

The long term vision for Sunder Protocol is to allow any user to extract the value of governance tokens through Sunder Protocol so that participating in governance proposals and earning the yield on that particular token can be done simultaneously.

Sunder Strike!

Here is a simple step-by-step demo of how Sunder can sunder COMP token to earn both the yield and partake in governance proposals:

Step1： User deposit COMP token and sunder into DAO Comp token and Earn Comp token

Step2: User Deposits DCT + DAI into Balancer Pool to get BPT and stakes it in the Sunder Governance Vault to earn Sunder Governance Token (SGT) or User deposits DCT into DAO Pool to participate in Compound governance

Users can also choose to sell their DCT and give up their governance voting rights for a premium.

Step3: User Deposits ECT + DAI into Balancer Pool to get BPT and stakes it in the Sunder Governance Vault to earn the Sunder Governance Token (SGT) or User deposits ECT into Earnings Pool to earn profit

Step4: Combine back with ECT + DCT to withdraw COMP(assume at $1 value) token

Find us here:

Telegram: https://t.me/SunderFinance

Github: https://github.com/Sunderfinance

E-mail: contact@sunder.finance

Twitter: https://twitter.com/SunderFinance