Sui EcosystemSUI ECOSYSTEM 2.1
It’s been a while, Riders! True Sui maxis have gotten some alfa during the recent space. With this article, we wanna make things clear for everyone. So here are all the updates!Bounty PlatformWe’re glad to announce our main product under development – BOUNTY PLATFORM on Move, called SkillyQ. Basically, we’re building something similar to existing projects like Layer3, Quest3, Galxe, Guild, etc. They proved to be in great demand & highly popular on EVM chains. We wanna bring you a friendly go-...
Sui EcosystemSUI ECOSYSTEM 2.0
We’re suuuuper excited to share that Sui Ecosystem is taking a significant step towards becoming not only a media project but a company building its own product! In this article we will cover:NFT collectionRewards for active membersWhat we were buildingFuture plansThere wasn’t much news from our side, so we’re gonna throw them on your head ALL AT ONCE!NFT CollectionRemember us promising NFT rewards for our Crew hunters? We promised — we deliver! The Sui Ecosystem NFT collection is no longer a...
Sui EcosystemAftermath Finance – a go-to DeFi Solution
Aftermath Finance has virtually stormed into the Sui ecosystem's information field, once the Mysten_Labs team announced their partnership on Twitter. It’s time to dive deep!What is it all about?Aftermath is working towards becoming the liquidity & trading hub of Sui. They have a multi-year plan focused on the interoperability of main products:CMMMOrder bookPerpetualsLendingLiquid Staking DerivativesOptionsStructured ProductsThese products can be combined to create various financial instr...
All the latest news, informative content and insights from the Sui network.
Sui EcosystemSUI ECOSYSTEM 2.1
It’s been a while, Riders! True Sui maxis have gotten some alfa during the recent space. With this article, we wanna make things clear for everyone. So here are all the updates!Bounty PlatformWe’re glad to announce our main product under development – BOUNTY PLATFORM on Move, called SkillyQ. Basically, we’re building something similar to existing projects like Layer3, Quest3, Galxe, Guild, etc. They proved to be in great demand & highly popular on EVM chains. We wanna bring you a friendly go-...
Sui EcosystemSUI ECOSYSTEM 2.0
We’re suuuuper excited to share that Sui Ecosystem is taking a significant step towards becoming not only a media project but a company building its own product! In this article we will cover:NFT collectionRewards for active membersWhat we were buildingFuture plansThere wasn’t much news from our side, so we’re gonna throw them on your head ALL AT ONCE!NFT CollectionRemember us promising NFT rewards for our Crew hunters? We promised — we deliver! The Sui Ecosystem NFT collection is no longer a...
Sui EcosystemAftermath Finance – a go-to DeFi Solution
Aftermath Finance has virtually stormed into the Sui ecosystem's information field, once the Mysten_Labs team announced their partnership on Twitter. It’s time to dive deep!What is it all about?Aftermath is working towards becoming the liquidity & trading hub of Sui. They have a multi-year plan focused on the interoperability of main products:CMMMOrder bookPerpetualsLendingLiquid Staking DerivativesOptionsStructured ProductsThese products can be combined to create various financial instr...
All the latest news, informative content and insights from the Sui network.
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This article is a beginning of regular reviews of the most promising and exiting projects built on Sui by the Sui Ecosystem team.
Today, we will cover one of the first DEX called MovEX. What is Hybrid liquidity DEX, ILO and Intelligent Liquidity Management? Let’s find out together in a simplified manner. Without further ado, dive!
MovEX – a community-driven DEX built to provide the best trading and liquidity provision experience for users and project developers.
As we well know, no any chain can sustainable exists without its native DEX. Ethereum has Uniswap, Polygon has Quickswap, Cosmos has Osmosis and so on. But building a general DEX based on AMM doesn’t surprise masses in 2022. So let’s have a look at how the MovEX team combines both the AMM and the order book mechanisms to achieve the ultimate user experience.
Short recap for non-experienced users:
AMM – Automated Market Maker; is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Basically, there is a Liquidity Pool (LP) which contains two different assets (ETH/USDC f.e.) When you perform a swap on an AMM-based DEX, you simply exchange one asset to another from a pool. Once the swap is performed, the proportion in this particular pool is changed. Thus, the price changes too.
Order book – a real-time updated electronic list of buy and sell orders. That’s how centralized exchanges (CEX) normally works.
As was said, MovEX combines both AMM and order book creating Hybrid liquidity DEX.
Internally, MovEX has a settlement engine that distributes orders between AMM and order book, guaranteeing both minimal slippages for traders and fairness for liquidity providers.
Concentrated Liquidity AMM – this idea has been used in Uniswap V3 since May 2021. It presents the possibility for liquidity providers to choose the range where their liquidity will be used. This results in reducing impermanent loses (IL), deeper liquidity within certain price ranges and higher rewards for LP providers.
From the order book mechanism, MovEX integrates advanced orders: limit orders, stop-loss orders and take-profit orders. By submitting a limit order, the user essentially serves as a liquidity provider and earns LP rewards once his/her orders are filled. Thus, a user as a trader gets similar to CEX user-friendly experience but on the decentralized platform.
MovEX is not only DEX, but a go-to solution for developers to raise funds through Initial Liquidity Offering (ILO). Simply talking, ILO is a service to conduct customized token sales using models like: Dutch auctions, Bucket auctions and liquidity bootstrap pool (LBP).
There are some pros of using ILO instead of other types of token sale:
MovEX allows project owners to select time periods, price ranges and auction algorithms;
The collected stable coins will be automatically paired with project tokens to form a liquidity pool after the token sale event;
Intelligent liquidity management service will take control and automatically manage the liquidity pool for the project owners.
Quoting the official team:
“We help project builders avoid the hustle of manually adjusting liquidity and boost their capital efficiency and market-making returns.”
The last but not least Intelligent Liquidity Management is a special engine designed to optimize your capital used to provide liquidity on MovEX. It automatically adjusts your liquidity according to market conditions for better capital efficiency and market-making returns. Every user, as well as those participated in ILO, is able to use this engine.
Being the first normally means “win everything.” MovEX has everything to become the leading DEX of the Sui network, providing they will bring what we’ve mentioned into life.
However, we have to note that many concepts are still under development and can’t be tested right now. There is no much information about its roadmap and team either.
Currently, you can participate in public testnet which runs on Sui’s devnet: enter testnet.
MovEX recourses:
Thanks for your time! We invite you to join our Discord and subscribe Twitter to stay in touch and discuss related topics. And simply have fun ;)
Article prepared by @macevoy_eth – team member of Sui Ecosystem.
This article is a beginning of regular reviews of the most promising and exiting projects built on Sui by the Sui Ecosystem team.
Today, we will cover one of the first DEX called MovEX. What is Hybrid liquidity DEX, ILO and Intelligent Liquidity Management? Let’s find out together in a simplified manner. Without further ado, dive!
MovEX – a community-driven DEX built to provide the best trading and liquidity provision experience for users and project developers.
As we well know, no any chain can sustainable exists without its native DEX. Ethereum has Uniswap, Polygon has Quickswap, Cosmos has Osmosis and so on. But building a general DEX based on AMM doesn’t surprise masses in 2022. So let’s have a look at how the MovEX team combines both the AMM and the order book mechanisms to achieve the ultimate user experience.
Short recap for non-experienced users:
AMM – Automated Market Maker; is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Basically, there is a Liquidity Pool (LP) which contains two different assets (ETH/USDC f.e.) When you perform a swap on an AMM-based DEX, you simply exchange one asset to another from a pool. Once the swap is performed, the proportion in this particular pool is changed. Thus, the price changes too.
Order book – a real-time updated electronic list of buy and sell orders. That’s how centralized exchanges (CEX) normally works.
As was said, MovEX combines both AMM and order book creating Hybrid liquidity DEX.
Internally, MovEX has a settlement engine that distributes orders between AMM and order book, guaranteeing both minimal slippages for traders and fairness for liquidity providers.
Concentrated Liquidity AMM – this idea has been used in Uniswap V3 since May 2021. It presents the possibility for liquidity providers to choose the range where their liquidity will be used. This results in reducing impermanent loses (IL), deeper liquidity within certain price ranges and higher rewards for LP providers.
From the order book mechanism, MovEX integrates advanced orders: limit orders, stop-loss orders and take-profit orders. By submitting a limit order, the user essentially serves as a liquidity provider and earns LP rewards once his/her orders are filled. Thus, a user as a trader gets similar to CEX user-friendly experience but on the decentralized platform.
MovEX is not only DEX, but a go-to solution for developers to raise funds through Initial Liquidity Offering (ILO). Simply talking, ILO is a service to conduct customized token sales using models like: Dutch auctions, Bucket auctions and liquidity bootstrap pool (LBP).
There are some pros of using ILO instead of other types of token sale:
MovEX allows project owners to select time periods, price ranges and auction algorithms;
The collected stable coins will be automatically paired with project tokens to form a liquidity pool after the token sale event;
Intelligent liquidity management service will take control and automatically manage the liquidity pool for the project owners.
Quoting the official team:
“We help project builders avoid the hustle of manually adjusting liquidity and boost their capital efficiency and market-making returns.”
The last but not least Intelligent Liquidity Management is a special engine designed to optimize your capital used to provide liquidity on MovEX. It automatically adjusts your liquidity according to market conditions for better capital efficiency and market-making returns. Every user, as well as those participated in ILO, is able to use this engine.
Being the first normally means “win everything.” MovEX has everything to become the leading DEX of the Sui network, providing they will bring what we’ve mentioned into life.
However, we have to note that many concepts are still under development and can’t be tested right now. There is no much information about its roadmap and team either.
Currently, you can participate in public testnet which runs on Sui’s devnet: enter testnet.
MovEX recourses:
Thanks for your time! We invite you to join our Discord and subscribe Twitter to stay in touch and discuss related topics. And simply have fun ;)
Article prepared by @macevoy_eth – team member of Sui Ecosystem.
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