strong buy

Starting to farm on Sui's new DEX with high potential due to low TVL and strong backing

The individual is starting to farm on a decentralized exchange (DEX) on Sui. Momentum is a liquidity protocol designed for the MOVE ecosystem, including Sui and Aptos. The project has attracted over $10 million in investments from credible investors such as Coinbase Ventures, Jump, Shima, Circle, among others, with a valuation of $100 million. They plan to connect their wallet on the website and utilize various tiers, possibly creating multiple accounts at the first tier. Farming could involve earning points through liquidity provision or swaps, although the evaluation system is considered poor and unclear. There is also information about top listings and the entire Tier 1 set, which the person hopes is genuine. Currently, TVL (Total Value Locked) is quite low, around three rubles, presenting an opportunity to farm a significant share of points. The plan is to add a couple of accounts to liquidity pools and possibly perform swaps occasionally, although the latter seems unlikely.
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AI Analysis

The individual is entering the Sui ecosystem by engaging with a new DEX protocol in the MOVE ecosystem, which includes both Sui and Aptos. The project’s ability to attract over $10M from notable inves...

AI Recommendation

Given the early-stage nature of the project and the low TVL, it is reasonable to proceed cautiously while exploring farming opportunities. Establishing a few accounts to farm liquidity points could be...

Disclaimer

The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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