Momentum Liquidity Campaign Nets $30M in Hour, Offers 155% APY

Momentum liquidity campaign launched on Sept 26 and runs until Oct 19. It offers up to 155% APY and double rewards for staking SUI, BTC and stablecoins. The campaign drew $30 million in the first hour, underscoring strong DeFi demand on the Sui ecosystem. Participants lock tokens under the ve(3,3) governance model on Momentum DEX. This boosts liquidity depth, reduces trading slippage and attracts new users. Momentum’s joint initiative with BeadlePad highlights DeFi innovation and strengthens SUI trading efficiency. Traders should weigh high yields against risks like impermanent loss and smart contract vulnerabilities. The Momentum liquidity campaign promises significant short-term returns and supports long-term ecosystem growth.
Bullish
The campaign’s rapid $30M intake and 155% APY offering drive immediate demand for SUI, boosting liquidity and trading volume. Enhanced liquidity depth and reduced slippage improve market efficiency, while DeFi innovation attracts new users. Despite risks like impermanent loss, strong initial uptake signals positive trader sentiment. In the long term, sustained yields and ecosystem growth support ongoing bullish momentum for SUI.