Sunny Aggregator: What is it?

The sunny aggregator is a composable distributed financial index yield aggregator based on the Solana platform, one of the fastest-growing blockchain ecosystems. As a component of the Sunny Protocol, composability allows its foundation to be easily extended by other protocols and applications.

Sunny as yield aggregator:

Taking into account that many popular yield farms are on the Solana network, including Raydium and Saber, it will be difficult for farmers to manage multiple farms across multiple interfaces and find the best yield farms.

As part of your rewards program, you are expected to periodically sell or add rewards back into your farm for compounding profits. Each time you do this, you will incur a gas fee. In addition to taking up time, this also costs a great deal of money.

By improving yield and streamlining your entire process, yield aggregators contribute to this. They let you discover new farms across different DeFi protocols and can be entered easily. You can also automatically compound your tokens on them.

To withdraw your funds from the farms you only have to concern yourself with depositing into them. Anything else in between is taken care of by the yield aggregator.

Sunny as Composable:

 Sunny’s defining characteristic is its multi-chain composability. Composability describes how different DeFi applications interact and connect – and I think this is an important point. The Sunny features draw from Solana’s capabilities.

Many DeFi projects use Ethereum yield aggregators, such as Yearn Finance, as a building block. Solana will be Sunny’s first composable yield aggregator to replicate this success model.

You can get instant loans and automate your repayments with Alchemix’s Ethereum protocol. The yCRV collateral of Cream Finance is backed by Yearn Finance’s DeFi protocol. On the Solana blockchain, Sunny Aggregator also provides permissionless, composable yield aggregator composability.

As the best-decentralized blockchain for composability between different DeFi applications, Solana has a unique single-sharded design.

As part of Ethereum 2.0’s Polygon architecture, DeFi applications are divided into separate shards to increase scalability. This is a major obstacle to our ability to interoperate between these applications. On the other hand, Solana has a major benefit – it has a single shard where all transactions occur. 

Sunny Composability with agTokens:

By providing a building block for other DeFi projects, yield aggregators using Ether, such as Yearn Finance, have seen massive success. The first composable yield aggregator built on Solana represents an excellent opportunity to repeat this success.

Sunny’s agTokens are one such mechanism. Yearn Finance has similarly developed yTokens. The user receives agTokens when they deposit money into a Sunny pool. Tokens based on the SPL Token standard follow the standard of Solana and can be easily used by any protocol on Solana.

Yearn Finance’s composable tokens are used by Alchemix.Fi, an Ethereum protocol for automatically repaying loans via yield aggregation. In addition to yCRV (LP of multiple USD stablecoins provided on Curve Finance), Cream Finance also provides yCRV as collateral. DeFi can now be built with permissionless, composable, and on the Sunny Aggregator platform.

SUNNY Token:

Decentralized protocol token, Sunny DAO is governed and managed by Sunny DAO, they are decentralized yield aggregators backed by Solana. Sunny is the ticker symbol for the Sunny protocol token. A core feature of it is that it is compostable, allowing other protocols and applications to develop on it quickly. 

It is Sunny Aggregator Coin, which serves as the protocol’s governance token for making decisions about its future. In a straightforward concept, the pool grows over time as each deposit into the pool is rewarded with a pro-rata share of the LP pool. Through democratized processes, the community decides how to handle the money it has gathered.

SUNNY tokens have not been subjected to an ICO like most other DeFi tokens. You can currently purchase these tokens at selected exchanges. Sunny Aggregator’s yield farming platform is the only way to get SUNNY tokens.

 Since Solana is the fastest and cheapest blockchain available currently, it comes as no doubt that Solana protocols have an advantage. It appears that Solana is a stiff competitor to Binance’s Smart Chain and that new protocols prefer to launch on it.

DeFi is helping create a new financial kingdom by connecting the Sunny DeFi yield aggregator with new yield farms and other DeFi protocols making their way into this exciting new ecosystem.