San Francisco Bay Area, Monday (March 31) at 12 PM ET — Momentum has emerged from stealth mode to launch the world’s first ve(3,3) decentralized exchange (DEX) integrated with a token launch platform on the Sui blockchain.
Inspired by Aerodrome’s success and tailored to accelerate Sui’s growth, Momentum’s ve(3,3) DEX leverages $500 million in Total Value Locked (TVL) across its multi-signature liquidity layer to drive the next wave of decentralized finance (DeFi) innovation and adoption. Trading is now live at https://app.mmt.finance/, with volume and liquidity expected to surge further during the upcoming LFG liquidity bootstrapping phase and WAGMI trading competition (details below).
Unlike traditional DEX models prioritizing liquidity providers, the ve(3,3) tokenomics model ensures perfect alignment among stakeholders—liquidity providers, traders, and the protocol—through structured incentives.
How ve(3,3) Benefits All Participants
- Protocols: Boost liquidity and optimize APR via token incentives.
- Voters: Earn 100% of trading fees and bribes.
- Liquidity Providers: Receive 100% of MMT emissions.
- Traders: Enjoy lower fees and reduced slippage.
👉 Discover Momentum’s DEX today
Sui’s Explosive DeFi Growth
Sui’s on-chain TVL surged to over $2.08 billion between December 1, 2023, and January 5, 2025—a staggering 1,261% increase in just 13 months. This growth is fueled by stablecoin integrations like Agora USD (AUSD), First Digital USD (FDUSD), and Ondo Finance’s USDY. Notably, Momentum facilitated 100% of these stablecoin mints on Sui, positioning it as a key infrastructure player.
LFG Phase & WAGMI Competition
To accelerate adoption, Momentum launched:
- LFG Liquidity Bootstrapping (March 31): Targets $50M TVL.
- 12-Week WAGMI Trading Competition: Rewards early adopters with veMMT based on trading volume and liquidity provision.
Strategic Backing
Momentum’s $10M strategic round was led by Varys Capital, with participation from Coinbase Ventures, Circle Ventures, Sui Foundation, and others.
"Sui is at an inflection point, and Momentum is pivotal to its adoption," said Darius Askaripour, Managing Partner at Varys Capital.
👉 Join the DeFi revolution on Sui
FAQs
1. What makes ve(3,3) DEX unique?
It aligns incentives across all stakeholders, ensuring 100% of rewards flow directly to users.
2. How does Momentum support Sui’s stablecoins?
Momentum handles 100% of stablecoin minting on Sui, enhancing liquidity.
3. What’s the goal of the WAGMI competition?
To incentivize early adopters with veMMT tokens before the Token Generation Event (TGE).
About Momentum
A leading Move-based liquidity engine, Momentum manages $500M TVL and has processed $1.8B in volume. Co-founded by ChefWEN, a former Libra engineer at Meta.
About Sui
Sui is a Layer 1 blockchain designed for fast, secure, and scalable digital asset ownership. Learn more at sui.io.
For media inquiries:
- Momentum: [email protected]
- Sui: [email protected]
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