Introduction

Sugar's goal is to be the first DeFi product to enter the mainstream by being laser-focused on two things:

Sugar is simple for its users, they stake tokens and earn. Similar to a bank, Sugar earns money by lending those tokens.

Staking

Sugar supports the staking of EOS tokens. Users stake tokens by sending them to the sugarstaking contract on EOS. When tokens are unstaked they are sent back after the unstaking period has ended.

Mining

When users stake tokens, they mine Sugar tokens - either SUGAR or SUGARA. To learn the difference, see the Token section of this page.

Every 10 minutes, 100 SUGAR and 100 SUGARA are created. For each SUGAR that is mined, 1 SUGARA is burnt - and vice versa. So a total of 100 tokens per 10 minutes enter circulation.

Tokens are awarded to each user based on the Mining Distribution and the proportional value in EOS of tokens they have staked.

Example: if there are 100 million EOS in total tokens staked and one user has 10 million EOS worth of tokens staked, mining SUGAR. They would recieve 30 SUGAR per hour: (10 million / 100 million) * 50% * 100 * 6 = 30.

Governance

Sugar is a Decentralized Autonomous Corporation (DAC), a decentralized network governed by its token holders.

Token

Sugar has a dual token structure: SUGAR and SUGARA. Both tokens are governance tokens, their utility is the holders ability to vote on how the DAC is run.

SUGAR tokens
SUGARA tokens
Token Distribution

The token distribution is inspired by Bitcoin.

Mining Distribution

All 100% is administered by the Board of Custodians.

Revenue Distribution

All 100% is administered by the Board of Custodians.