This is a very useful post for those who want to deposit at MMT @MMTFinance. It explains in detail how to effectively use the Zap in feature for rebalancing. I think it's a good post for those who want to make a deposit but are not familiar with the momentum usage. ve(3,3) DEX, veMMT, Move VM, Voting Incentive Multiplier (VIM)
Momentum Real User's Momentum Deposit Guide It's a day when the market and coin exchanges are frighteningly falling. $SUI is currently down 5.85% based on Binance. @MMTFinance is based on CLMM (Concentrated Liquidity Market Maker). CLMM is a method of supplying liquidity within a concentrated range. Through this method, you can earn higher fee income. 1⃣ Setting the Price Range Let's assume you are depositing into the SUI-USDC pool. The APR shown in the picture is about 154%. The fees are 122%, and the rewards are 32%. The rewards are given in xSUI and Bricks points, and in the future, Bricks points will be converted to $MMT, right? As mentioned earlier, Momentum requires you to set a price range. If you click on the SUI-USDC pool, you can see that the APR changes according to the set range. If you set it to 1%, the APR is a whopping 1059%. Haha. However, if the price moves even a little, it will immediately exceed the range. If you exceed the range, fees will not accumulate, so you need to rebalance frequently. If you set it generously to 20%, the APR comes out to 55%. In this case, the interest rate is lower, but the number of rebalancing will decrease. You can also adjust the price range directly. 2⃣ Depositing Assets Depending on how you set the range, the required assets will also change. Let's assume you supply 100 SUI. If you set it to a 1% range, you will need 273 USDC. If you set it to a 20% range, you will need 432 USDC. 3⃣ Using Zap In Preparing coins according to the price range I set is actually a hassle. So I just use the Zap In feature. Zap In is a function that automatically swaps one asset according to the ratio. This feature is not available on @bluefinapp, only on Momentum. Don't forget to set the slippage low! After turning on the Zap In feature and entering 100 SUI, you can see it automatically dividing the ratio, right?:D 4⃣ Finally, once you complete the liquidity provision, you're done!!
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