1/ Most DEXs play the same game — attract liquidity with yield, watch it disappear when incentives dry up.
Momentum on Sui is trying something more interesting.
Instead of bribing farmers, it basically tells LPs:
“Bring capital, and we’ll let you control where it flows.”
That’s a very different pitch.
2/ So what is MMT actually?
Not “just another DEX.” It feels more like a liquidity engine.
There’s:
•A CLMM layer that makes capital ridiculously efficient
•A stack layer of vaults and strategies built on top
Liquidity → depth → stability → scale
Simple feedback loop, but hard to execute — unless you own the incentives.
3/ Running on Sui gives it some unfair advantages
•Sub-second settlement
•Parallel execution = no mempool wars
•Gas under $0.01
Basically, LP strategies can actually run in real time instead of lagging behind chain congestion.
4/ The ve(3,3) part is where it gets spicy
Lock $MMT → mint veMMT → vote where emissions go → earn fees + bribes
This isn’t farming — it’s steering.
LPs aren’t just supplying liquidity, they’re directing it.
5/ The presale is live, but it’s not a wide-open free-for-all
Two ways in:
•Tier 1: ≥ $3K LP on Momentum (snapshot Oct 25)
•Tier 2: Standard KYC route
There’s also a content creator allocation (up to 30%) — so if you can explain the system, you get priority over silent capital.
6/ Brick Points = Proof of Real Usage
Every swap / LP position earns points. ≥$3K LP gets 2× boost. Top users get $MMT allocation.
If you’re actually using the protocol, you get rewarded. Wash traders don’t.
I like that.
7/ Why I care
We’ve seen too many protocols extract value without building loyalty.
Momentum is doing the opposite:
•Traders get lower fees
•LPs get higher yields
•Voters get paid to curate liquidity
It’s not yield farming — it’s economic coordination.
8/ If this works, liquidity on Sui won’t be mercenary.
It’ll be governed.
And that’s a major unlock for everything built on top.
9/ Closing thought
Not financial advice, not fanboying — just calling it how I see it:
Momentum isn’t trying to attract liquidity.
It’s trying to organize it.
And that’s a way bigger mission.
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