Sui ecosystem's ve(3,3) Liquidity engine

What is Momentum?

Momentum is a native ve(3 DEX deployed on the Move ecosystem, dedicated to building the core liquidity infrastructure on Sui.

Official X account: @MMTFinance

Financing progress: A total of 10 million USD has been completed, and the subsequent rounds will be announced soon.

Strong backing behind the scenes:

Lead investor: Varys Capital supported by the Qatari royal family office

Dual endorsement: Sui Foundation + Mysten Labs co-founder Adeniyi Abiodun

The investment lineup also includes top institutions such as Coinbase Ventures, Circle Ventures, and others.

Token Mechanism:

Protocol Token: $MMT

Governance Token: $veMMT

) ve###3,3( mechanism: How to achieve a win-win situation for all three parties?

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ve)3,3( is a mechanism that combines the veToken model with the cooperative game theory proposed by OlympusDAO, aiming to achieve deep incentive alignment among token holders, LPs, and the protocol.

) Momentum ve(3,3) mechanism breakdown

Locked Assets for Governance Rights

Users will lock $MMT to receive the governance token $veMMT; the longer it is locked, the higher the weight.

• Lock 1 $MMT for four years = 1 $veMMT
• Lock 1 $MMT for one year = 0.25 $veMMT
• Locking for a week is approximately 1/208 of $veMMT

After locking, the weight of $veMMT will linearly decay and can be extended at any time to maintain governance rights.

Voting Determines Incentive Direction

$veMMT holders vote once a week to decide which pools receive liquidity incentive distributions. Wherever you vote, rewards will be allocated there.

Incentive mechanisms activate governance markets

Liquidity providers can attract $veMMT holders to vote in favor of a certain pool by offering incentives, creating a market-based voting game mechanism.

Profit Distribution Mechanism

All trading fees are 100% allocated to active voters holding $veMMT.

LP does not directly earn fees unless:

• Lock up and vote, or
• Provide incentives to guide $veMMT voters' support and promote the flow of incentives

ve(3,3) Flywheel: A Multilateral Game of Efficient Collaboration

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Under the model of ve)3, the three parties drive each other, forming a flywheel effect of liquidity and收益:

For LP:

The better the liquidity → The lower the slippage → The higher the trading volume → The more fees → More veMMT votes → More incentives → Back to the liquidity pool

For the project party:

Provide incentives → Attract votes → Obtain incentives → Enhance pool performance → Drive up token value

For veMMT holders:

Vote → Earn transaction fees + incentive income → Direct incentive flow to quality pools → Increase $MMT value → Enhance personal earnings

This is a cooperation game that benefits all three parties.

( ve)3,3('s core logic of tokenomics

![])https://img.gateio.im/social/moments-4246e80b848ddd8c1c543a6694f1bcce###

1. Deep liquidity = true price discovery

Sufficient depth is the premise for the price to be truly reflected, and it is the confidence of DEX in truly competing against CEX.

2. Governance voting + incentives = precise incentives

Do not "sprinkle pepper", only incentivize pools with real demand, resulting in higher efficiency and more stable use of funds.

3. veToken Model = Long-term Cooperation Mechanism

Locking in is a long-term commitment, and the motivations of governors, project parties, and LPs are naturally aligned.

( Sui × Momentum: Co-creating a Native Liquidity Engine

!)(https://img.gateio.im/social/moments-76faba4d89422ca04f00e06b1f16b196)

Sui is one of the most cutting-edge new generation public chains, but it still lacks a DEX engine with native deep liquidity. Momentum is the ideal candidate to fill this gap.

Advantages of Sui include:

• TPS theoretical value surpasses Solana, confirmations are faster.
• Stable architecture with very few outages
• Gas costs are low and predictable
• Strong security for user assets
• Native integration of USDC, with no cross-chain bridge risk
• Supports asset types such as DeFi, RWA, BTCFi, GameFi, AI, etc.

But there are still issues:

• Large transaction slippage still reaches ~0.25%, while Aerodrome on Base has achieved ~0.05%
• Lacking a governance-efficient ve###3,3[Image] model DEX

The value of Momentum is:

• Provide deep liquidity
• Support high-frequency trading
• Increase the protocol's TVL and revenue
• Support true price discovery
• Promote the positive cycle of Sui native asset ecosystem

In summary:

Sui × Momentum = Base × Aerodrome

( Current data performance

Momentum has only been online for 5 weeks, and the data has already shown explosive potential:

1. TVL exceeds $32 million

2. Cumulative trading volume exceeds $720 million

) Conclusion

Sui needs a native liquidity engine, and Momentum is the project that fills this gap at a critical time. Looking back at the paths of Base and Aerodrome, it is not difficult to see that the combination of Sui and Momentum is heading towards a promising future.

If you are paying attention to the Move ecosystem or looking for the next DeFi project worth long-term participation, Momentum is worth your in-depth understanding!