That work is now live.

Pumex supports v4 liquidity, expanding how liquidity can be deployed, customised, and maintained across the platform. This is not a new protocol version or a surface-level update. It is an upgrade in how liquidity itself is allowed to behave as conditions change.

“Stillness before movement is not hesitation.
It is preparation.”

v4 liquidity introduces a more flexible, programmable liquidity design, built to operate cleanly as usage patterns and market dynamics shift.

What v4 Liquidity Is

v4 liquidity represents a new generation of liquidity architecture focused on customisation and efficiency.

At its core is a singleton-style design, where all pools are managed within a single contract rather than each pool requiring its own deployment. This significantly reduces the cost of pool creation and lowers execution costs for more complex swap paths.

Layered on top of this are hooks.

Hooks allow external logic to run at specific moments in a pool’s lifecycle, such as before or after swaps, or when liquidity is added or removed. This makes it possible to design pools with behaviour tailored to their purpose rather than forcing all liquidity to behave the same way.

Liquidity becomes intentional rather than generic.

Built on Concentrated Liquidity

v4 builds on the foundation of concentrated liquidity, where capital is deployed within defined price ranges instead of spread thinly across the entire curve.

This improves capital efficiency for liquidity providers and allows pools to reflect realistic price movement rather than theoretical extremes.

What changes in v4 is flexibility.

Pools are now defined by a small set of core parameters, including assets, fee configuration, tick spacing, and optional logic modules. This turns liquidity into a specialised asset that can be shaped around real conditions instead of fixed assumptions.

Why v4 Is More Efficient

Two architectural changes account for most of the efficiency gains.

First, the singleton design reduces duplication. Managing pools within a unified contract cuts deployment overhead and lowers gas costs for multi-step swaps.

Second, flash-style accounting changes how balances are handled during execution. Instead of transferring assets after every intermediate step, balances are settled once at the end of the transaction.

Fewer transfers.
Lower gas usage.
Cleaner execution.

Why This Matters for Pumex

Supporting v4 liquidity expands the range of liquidity strategies Pumex can coordinate.

This is not about chasing complexity. It is about building the capacity to support liquidity that can adapt as conditions change, without destabilising the system.

Programmable liquidity allows incentives to be aligned more precisely, depth to be managed more deliberately, and behaviour to evolve without tearing down existing structures.

That capability matters most when markets stop behaving politely.

v4 Liquidity and the Injective Ecosystem

Injective is building towards a market structure that extends beyond crypto-native assets.

As real-world assets and on-chain equities become more prominent, liquidity requirements change. Depth needs to behave predictably. Fees need to adapt to different trading profiles. Risk characteristics are not uniform.

v4 liquidity provides the structural flexibility to support these environments.

Through programmable logic, liquidity can be tailored to the needs of different asset types. Hooks make it possible to design pools that adjust behaviour based on usage, volatility, or asset-specific constraints, without fragmenting the system or introducing surface-level complexity.

This is particularly relevant for institutional-style liquidity, where consistency, control, and predictable behaviour matter more than experimentation.

Rather than forcing traditional market structures into crypto-native assumptions, v4 liquidity allows the underlying mechanics to adapt to the asset being traded.

As the Injective ecosystem expands into new asset classes, this flexibility becomes foundational.

What Users and LPs Should Notice

On the surface, very little changes.

The interface remains familiar. Workflows stay clean. No one is asked to relearn the platform.

Underneath, liquidity has more room to behave intelligently. Over time, this should translate into more consistent pool behaviour during volatility, incentives that track real usage more closely, and lower friction for advanced liquidity strategies.

The experience feels steadier because the structure underneath it is more flexible.

Built to Hold Its Form

The quiet period was intentional.

v4 liquidity is not a cosmetic upgrade. It is groundwork. A strengthening of how liquidity is shaped, controlled, and sustained so the platform can operate calmly under pressure and scale without compromising stability.

v4 liquidity is now live on Pumex.

The structure is firmer.
The footing is steadier.
Liquidity is ready to move.

Total prize pool: $750.
This is $250 more than originally planned - merry Xmas!

Payout timing: we’ll send prizes early next week.

Finals podium

We judged the finalists on precision, clarity, and how well the post would actually persuade a DEX trader without drifting into vague hype.

1st place: @Velaryon69
Velaryon won because the entry hit the trader pain points fast (bad routes, slippage, idle assets), then gave a clear “do this first” action that makes people open the app and look around. It’s persuasive, readable, and structured like a real CT post.

2nd place: @sozdettrader
Prime’s post was the most technical and system-aware. It referenced routing, liquidity direction, and “reading the dashboard” before swapping. Strong accuracy vibe, just slightly denser than the 1st place entry, so it lands 2nd on clarity.

3rd place: @1974akkoca
Ugur’s post was clean and trustworthy, focusing on simplicity and reliability. It’s a good sell, just lighter on specifics, so it takes 3rd on precision.

Place	Handle	Winning post	Prize ($)
1st	@Velaryon69	Velaryon @Velaryon69 Stop Bleeding Money on Bad Routes Traders, let me ask you a simple question about your bottom line: "Do you realize how much potential profit you are losing to high slippage and idle assets?" Stop treating DEXs like simple exchange booths. While others are just places to swap 58 6:32 PM • Dec 25, 2025	120
2nd	@sozdettrader	Prime . 🤖ボッ @sozdetrader When I first came across @PumexFi , I thought “just another DEX.” I was wrong. The first thing I noticed was that I didn’t have to chase the tx. The router auto scans native and whitelisted sources, I just see the result. No chasing slippage, no switching routes, no gas calc. 21 6:23 AM • Dec 26, 2025	100
3rd	@1974akkoca	Ugur @1974akkoca Honestly, what I like about @PumexFi is that it doesn’t try to distract you with a million complicated features or aggressive "moon" marketing. It feels like it was built by people who actually trade and got tired of the usual friction. It’s clean, it’s straightforward, and it 1 12:04 PM • Dec 26, 2025	80

Daily winners

Prizes were progressive from the start, and we had some genuinely strong entries to choose from each round. A lot of you didn’t just post for the sake of it, you actually answered the prompt properly, kept it trader-first, and made other people want to click through and check Pumex out.

That’s exactly what this run was meant to do: keep the timeline active, keep the posts useful, and reward the people who executed cleanly.

Winner (in day order)	Handle	Winning post	Prize ($)
1	@burakarh216	Bᴜʀᴀᴋ 💤 @burakarh216 When a position reaches the level I originally planned for, I’m satisfied. I don’t chase extra profits and risk giving back what I’ve already earned. I know when to be content. I also avoid trading coins everyone is talking about, especially those pushed by scammy accounts. My 3 10:10 AM • Dec 15, 2025	10
2	@anrstsapience	LazyMan @anrstsapience Hey @BurakEth33 and @0xGutso , if you’re already trading on DEXes, you should join Pumex because the DEXmas run makes on chain trading feel fast and actually fun, plus daily rewards for staying consistent. 4 9:26 PM • Dec 15, 2025	15
3	@Sevilaga	Sevil @Sevilaga For me, the most important thing on a DEX is UX. Because a fast, clean, and intuitive interface reduces mistakes and makes trading stress free. When UX is strong, using routes and tools becomes naturally more efficient. 47 3:04 PM • Dec 16, 2025	20
4	@bhrbkl35	bhrbkl @bhrbkl35 • Chains: Injective & Solana • Platforms: Helix & Jupiter • The issue to escape: Network lag and frozen execution. ​For a Samurai, the greatest failure is a blade that jams at the moment of the strike. When the market moves, I’ve had enough of "frozen" transactions holding me 2 4:07 PM • Dec 17, 2025	25
5	@Hazmaniaxbt	HazmaniaXBT @Hazmaniaxbt Wooaaa. that's the kind of question i like. and yes, I'm a fan of Japan culture and samurais. i think my name would be "ZENI-ARASHI" (銭嵐). the meaning comes from combining the Japanese words Zeni, meaning metal coin, and Arashi, meaning storm. if i had a merchant title, it 3 6:52 PM • Dec 18, 2025	30
6	@elmidar996801	Lamiya @elmidar996801 The snow knows me as Kurogane Frostveil, silent but relentless in the winter dojo. I trade with calm hands and a frozen gaze, waiting for the perfect moment to strike. Behind the mask, patience is my sharpest blade. 2 5:31 AM • Dec 19, 2025	35
7	@AqayevGAL	Ali 🎏 @AgayevGAL For a Samurai, the greatest danger is an ambush. For me, that sneaky ambush in DEXs is 'Hidden Price Impact.' Just when everything seems fine, swinging my sword (making a swap) in a pool without deep liquidity means watching part of my balance vanish into the void. A sharp eye 3 5:53 PM • Dec 19, 2025	40
8	@anrstsapience	LazyMan @anrstsapience Samurai present, I trade perps and I care most about routes, because clean routing means cleaner fills when the market gets noisy. 0 9:07 PM • Dec 20, 2025	45
9	@sozdettrader	Prime . 🤖ボッ @sozdetrader On a $900 swap on other DEXs, I lost nearly $140 purely to price impact. Liquidity looked fine on the surface, but once the trade executed, the fill told a very different story. No gas issues, no failed transactions, just quiet value loss through execution. Since moving into the Pumex @PumexFi Day 8 - Icebound Fee Treasury Raid Today we raid the fee treasury and log what the ice is hiding. QUOTE TWEET this post with: 1. The worst fee hit you’ve taken on a DEX (fees, price impact, routes, failed tx costs, anything) 2. One rule you use now to protect your 4 1:41 AM • Dec 22, 2025	50
10	@tckriptoss	SHEBO⚔️ @tckriptoss My relic is Limit orders Instead of chasing the market, it allows me to wait for the price to come to me, so I can avoid impulsive decisions and make strategic and calm trades A true samurai discipline 1 8:47 AM • Dec 23, 2025	55
11	@Velaryon69	Velaryon @Velaryon69 Lesson: I blindly bridged and swapped on Ethereum mainnet for a small trade, paying more in gas fees than the potential profit of the trade itself. Change: I now calculate the break even point considering gas fees before any move and prioritize Layer 2 solutions (like Arbitrum 2 2:07 PM • Dec 23, 2025	60
12	@1974akkoca	Ugur @1974akkoca Lesson learned: I blindly bridging and swapping a small transaction on the Ethereum mainnet and paid more in gas fees than the potential profit from the transaction. Change: I now factor in gas fees before making any moves. I sometimes perform my transactions on DEXs and 0 2:49 PM • Dec 23, 2025	65

Payouts

• We’ll pay prizes early next week. Keep an eye on your wallet!

• If we’re missing anything from you, we’ll DM from @PumexFi.
  Be aware of scam accounts trying to DM you.

Big thanks from the Pumex team!

Massive thanks to everyone who took part in Samurai Winter and helped turn DEXmas into something that actually felt alive on the timeline.

Whether you won a day, pushed for the finals, or just showed up and posted anyway, you helped prove the point of the campaign: keep trading sharp, keep the content useful, and keep the clan active when most CT goes quiet for the holidays.

Extra respect to the finalists for putting real thought into the prompt and writing posts that were clear, trader-first, and not just noise.

From all of us at Pumex: enjoy the holidays, spend time with your people, and come back refreshed. We’ve got more planned in the new year.

- Pumex Team

If you see yourself as a Samurai on Pumex, this campaign is for you.

What is Samurai Winter?

The 12 Days of DEXmas: Samurai Winter runs from 14–25 December on X.

Each day we post a DEXmas tweet from @PumexFi. That tweet will have:

• The challenge for that day

• The link to the one-time registration form (on Day 1 and recap posts)

You complete the steps on X, earn a chance at daily rewards, and if you keep a full streak you also get a shot at the grand prizes on Christmas Eve and Christmas Day.

No questing. No on-chain tasks. Everything lives on X.

What do I actually have to do?

1. One-time task: 15 second form

Register HERE – it takes around 15 seconds and is open now.

You’ll need to give:

• Your X handle

• Your wallet address

• Your Telegram handle

We only use this to match your X account to a wallet and a contact, so we can actually send prizes if you win.

You fill this once. You do not need to fill it again.

2. Daily task: show up and complete the DEXmas tweet steps

On the daily DEXmas post:

• Like the DEXmas tweet

• Repost it

• Complete that day’s challenge in a reply or a quote tweet (we will specify which)

If you skip the form or miss the basic steps on the tweet, that day does not count for prizes.

What kind of challenges can we expect?

Everything stays simple and on-topic.

Examples of the type of prompts you will see:

• Share one trading rule you want to stick to in 2026 as your first Samurai oath

• Tag traders who should join the Pumex Samurai and say why

• Talk about what you want from a DEX and what makes you stay

• Tell us where you mainly trade now and what would make you move

• Share a red flag that makes you step away from a trade

• Drop one lesson from a bad trade this year and what you changed after

Plus some extra curveballs.

We want real answers that show how you think about trading, risk and tools.

What can I win?

Total prize pool: 500 dollars across the 12 days.

You have two main ways to earn rewards:

Daily prizes

• Every day has its own prize pool

• Winners are picked from the eligible entries for that day

• You can win daily rewards even if you miss some days

Grand prizes on 24 and 25 December

• Christmas Eve (Day 11):
  Special chest for Samurai who have completed every day up to Day 11, plus extra smaller winners from that day’s entries

• Christmas Day (Day 12):
  Grand Samurai chest for Samurai who complete all 12 days, plus multiple side prizes for other entries that day

If you want a chance at the top rewards, you need a clean streak across all 12 days.

How do you pick winners?

We will use a simple scoring system:

• We check that entries are eligible (form done, steps done, no obvious bots)

• We filter spam and low-effort replies

• We use internal scoring and random selection to pick fair winners from real accounts

Short answer: if you are a real user giving real answers, you are in a good spot.

How do I start?

• Fill the form quick registration form here

• Follow @PumexFi on X (one time)

• Join the Pumex Telegram here (one time)

• On 14 December, look for the first “12 Days of DEXmas: Samurai Winter” tweet

• Complete the daily steps on that tweet

• Keep going each day until 25 December for a full streak and a shot at the grand prizes

In short, Samurai Winter is simple:

• Show up.

• Answer properly.

• Hold the line while everyone else goes to sleep.

We are Pumex. You are the Samurai.

Why Injective

Injective’s new EVM gives us Ethereum-grade tooling inside Injective’s finance-native stack. Even better, Injective’s MultiVM design keeps each asset in a single, unified state across EVM and WASM—no wrapped clones, no double accounting. That’s perfect ground for a MetaDEX: incentives, locks, and programmatic rewards line up cleanly across the stack, and integrations are safer and faster. Add parallel execution, gas-friendly UX, and a hands-on core team, and you’ve got the right home for a DEX focused on capital efficiency and community alignment.

What Pumex brings

Smart trade routing

Every swap is simulated across available paths and executed where you get the best available net output after fees, price impact, and gas. You see the route preview and a min-receive guard before confirming; if a path reverts, we fall back atomically. Simple goal: reliable, high-quality trades.

V4 architecture with hooks

Under the hood, Pumex runs on a modern, hooks-enabled V4 engine. Hooks let us add custom pool logic—dynamic fees, order-type modules, safety rails, strategy logic—without migrating liquidity. Pools can gain new capabilities in place as Injective evolves.

Yield Strategy Hub (ALM-powered)

LPs pick strategies that match their goals—narrow, wide, stable, correlated, single-sided—operated by advanced liquidity managers. Strategies track price, adjust ranges, and rebalance as markets move, so your liquidity spends more time where trades actually happen.

The Incentive Engine (how value flows)

Each weekly epoch, vePUMX voters direct emissions to specific pools. Protocols can boost those pools by adding voting incentives. LPs respond to the signal and allocate where the expected APR is best. Traders route through deeper books and generate fees. Those fees are distributed to vePUMX voters per gauge policy. Voters then re-allocate, and the loop compounds depth week after week.

Votes → Emissions → Liquidity → Better execution → Volume → Fees (to voters) → Smarter votes.

What this means for Injective

• Deeper books on core pairs. Concentrated liquidity + automation = more depth near the market price.

• Aligned incentives. Emissions follow votes; protocols can steer growth with clean, transparent incentives.

• Easier integrations. Unified assets across VMs means partners plug in faster with fewer edge cases.

• Community-directed liquidity. Votes literally steer where rewards go; programs build loyalty around useful pools.

Safety, by default

We build on upstream-audited V4 components. New material changes (gauges, emissions, router adapters, treasury routing) go through independent review before release. Operations run under multisigs and timelocks. Only vetted, version-pinned strategies go live in production.

What’s next

We’re aligned with Injective’s mainnet timeline and rolling out in stages: swap experience first, then the strategy-first LP flow, followed by additional hooks and partner strategies inside the Hub. We’re also preparing a community kickoff to coordinate early liquidity and participation—more on that soon.

If you’re a trader, expect cleaner prices.

If you’re an LP, expect tools that keep your capital working.

If you’re a protocol, let’s grow depth where it matters.

X | Discord