From airdrop nightmares to doubling TVL: why I'm no longer FOMOing
Last night I had a nightmare where MMT suddenly launched, but I didn't have the qualifications for the airdrop.
@MMTFinance
My first reaction upon waking was to check my phone. In just a week, my hard-earned 30th place on the KAITO monthly leaderboard last month has already slipped to 91st.
It seems like they won't give me even the slightest chance.
Rather than being driven by algorithms and airdrop expectations, it's better to see clearly what true value accumulation is.
And Momentum is the hardest case right now.
Its TVL has directly doubled compared to last month, reaching $428 million.
It holds steady in third place within the SUI ecosystem, right behind Suilend and NAVI, with visible progress.
But this is not a competitive relationship ❌️
Momentum's brilliance lies in "complementarity" rather than "competition." When xSUI is used as collateral, it effectively adds a layer of leverage to the liquidity of the entire SUI ecosystem.
Its rise is not based on empty promises, but on several solid actions:
In the short term, the platform distributes 100% of transaction fees to liquidity providers, with no cuts taken.
At the same time, users earn Bricks points through daily trading and providing liquidity, and their behavior has formed muscle memory.
This lays the most solid foundation for future token economics and community governance.
The core locking mechanism draws from the voting escrow model validated by Olympus DAO.
The rules are quite hardcore: the longer you lock, the higher the returns.
So, that airdrop nightmare actually made me realize one thing.
In this industry, the real "Alpha" is not the airdrop you FOMO into, but rather something like Momentum, which, through solid mechanisms and a clear ecological position, turns TVL and user retention rates into hard data.
No longer FOMOing is because I've found a more certain game.
Accompanying a protocol from zero to one and watching its TVL double, this kind of return is far more solid than chasing an uncertain airdrop.
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