<aside> PRIVATE AND CONFIDENTIAL- Strictly for Investor & Degen eyes only 👀
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Taking inspiration from the "Curv Wars," on Curv where LUNA/UST and FRAX/FXS added over $18 billion to their market caps by providing up to $2M in weekly voter incentives each, we aim to replicate this success on the Sui blockchain. We are already work closely with 5 of the top 6 stablecoins by market cap on Sui. We mint 3 of these top stablecoins—USDY (Ondo), FDUSD (First Digital), and AUSD (Agora). For USDC, we maintain a strategic relationship through Circle Ventures who's an investor. Bucket Protocol (BUCK) we are strategically aligned with. By leveraging partnerships with 5 of the 6 largest stablecoins on Sui we aim to establish Momentum as the leading hub for on-chain stablecoin trading by encouraging the highest on-chain APYs through higher incentives and volume.
After Sui surpassed its $1B TVL goal and hitting $2B on Jan 4, Sui now targets $10B TVL in 2025, driven by its BTCFi strategy. With wBTC integrated on Feb 4 and LBTC on Mar 6, the ecosystem is expanding with BTC protocols: Satlayer, Stacks, Ignition Fire BTC (FBTC), tBTC, and Coinbase BTC (cbBTC), . Our partnerships with these players aim to boost BTC APRs through increased voter incentives on LP pairs, attracting liquidity from other chains and solidifying Sui’s dominance in DeFi.
Our WAGMI trading competition launch goal in combination with our bootstrap liquidity program is $100M TVL. We are currently in the process of securing private agreements with key liquidity providers sourced from our investor networks and actively collaborating with protocols that are integrated with our multi-sig solutions, including their significant stakeholders or whales, to secure liquidity for an initial period of 12 or 16 weeks. The guaranteed APR will be tailored according to the token pair class, including stable-stable, WBTC-LBTC, Sui native tokens etc. We will ensure this guaranteed APR by compensating for any shortfall in earnings from trading fees, along with various voter incentives from the protocols themselves, Sui, and in veMMT Tokens. Our goal is to finish with $300M TVL by the end of the trading competition, aligning with our TGE. More information provided here.
Sui is experiencing the same momentum that Solana had in early 2021, poised for a hyperbolic growth phase. A wave of infrastructure protocols is set to elevate the ecosystem, including on-chain storage solutions, essential DeFi protocols like BTCFi, highly anticipated GameFi releases, AI agent infrastructure, and more.
At Momentum, we play a pivotal role in connecting communities and ecosystem partners from other chains to Sui. Stay tuned for our next update, where we’ll share more on these collaborations as we work together to establish Sui as the blockchain of 2025 and beyond. 🚀