> For the complete documentation index, see [llms.txt](https://evmoon-dao.gitbook.io/evmoon/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://evmoon-dao.gitbook.io/evmoon/tokens/sun.md).

# Sun

**Sun** are unique tokens that can be utilised to help stabilise **Earth** price around peg (1 EVMOS) by reducing circulating supply of **Earth** if the TWAP (time-weighted-average-price) goes below peg (1 EVMOS).

**Sun**  can be purchased only on contraction periods, ie: when TWAP of **Earth** is below 1. **Sun** can be found in the Bonds tab on the website.

Every new epoch on contraction periods, **Sun** are issued in the amount of 3% of current **Earth** circulating supply, with a max debt amount of 35%. This means that if bonds reach 35% of circulating supply of **Earth**, no more bonds will be issued.

Note: **Sun** TWAP is based on **Earth** price TWAP from the previous epoch as it ends. This mean that **Earth** TWAP is real-time and **Sun** TWAP is not.

You can buy **Sun** if any are available, anyone can buy as much **Sun** as they want as long as they have enough **Earth** to pay for them.

There is a limit amount (3% of **Earth** current circulating supply) of available **Sun** per epoch while on contraction periods, and are sold as first come first serve.

The first and most important reason for buying **Sun** is that they help maintain the peg but **Sun** are not the only measure used to keep the protocol on track, more on that on DAO Fund section.

**Sun** do not have an expiration date, so you can view them as an investment on the protocol, because longterm you get benefits from holding **Sun** and redeeming when the protocol has recovered.

#### &#x20;<a href="#incentives-for-holding-oar" id="incentives-for-holding-oar"></a>

The idea is to reward **Sun** buyers for helping the protocol, and also protecting the protocol from being manipulated from big players.

So after you buy **Sun** using **Earth**, you get 2 possible ways to get your **Earth** back:

1.

```
Sell back your **Sun** for **Earth** while peg is between 1 - 1.1 (1 EVMOS) with no redemption bonus. This to prevent instant dump after peg is recovered
```

2.

```
Sell back your **Sun** for **Earth** while peg is above 1.1 (EVMOS) with a bonus redemption rate
```

The longer you hold, the more both the protocol and you benefit from **Sun** .

1.

```
When **Earth** = 0.8, burn 1 **Earth** to get 1 **Sun** (**Sun** price = 0.8)
```

2.

```
When **Earth** = 1.15, redeem 1 **Sun** to get 1.105 **Earth** (**Sun** price = 1.27)
```

If I buy **Earth** at 0.8, and hold it until 1.15 and then sell, I'm getting +0.35$ per **Earth**

But, if I buy **Earth** at 0.8, burn it for **Sun** , and redeem it at 1.15, I'm getting 1.105 **Earth** \* 1.15 (**Earth** MB current price) = 1,271 (+0.47$) per **Sun** redeemed.

### &#x20;<a href="#when-can-i-swap-oar-for-a-bonus" id="when-can-i-swap-oar-for-a-bonus"></a>

**Sun**  TWAP is based on **Earth** price TWAP from the previous epoch as it ends. This mean that **Earth** TWAP is real-time and **Sun** TWAP is not. In other words, you can redeem **Sun** for a bonus when the previous epoch's TWAP > 1.1.