Hyojin has called in @MMTFinance for a meeting.
It seems like there's about a month left, so everyone, let's go full throttle!
SUI DEX 1st place MMT Upbit, let's go 📈
I'm watching Momentum (@MMTFinance)..
1. MMT Finance seems to be firmly establishing itself as the top DEX on Sui without needing much introduction..
2. However, despite gaining attention recently, the TVL hasn't increased significantly. It seems that this increase is mostly coming from other Sui DeFi projects.
3. The mechanism appears to be inspired by Curve and Aerodrome.
- ve(3,3) → rewards/governance flywheel
- dynamic LM → rewards concentrated only in active price ranges
- CLMM → increases capital efficiency with range orders
4. In my personal opinion, the user experience (including UI/UX) is slightly better than Aerodrome. Still, looking at the Base's Aerodrome case, it seems like it will do well within Sui even without anything particularly special (it has to succeed structurally).
Conclusion: I tried to create content with @KaitoAI @xeetdotai, but it didn't go as planned. I need to research more and write better.
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