Every bull market is driven by the strong wealth effect of a public chain. Ethereum's DeFi Summer brought one wave, BSC's GameFi brought another wave, and Solana's Meme brought yet another wave. So where is the next opportunity? For public chain projects to achieve good results, joining early is the optimal solution. After reviewing the current public chains, I personally believe that Sui or Aptos have potential, so I am currently focusing on finding projects on these two chains. Today, I want to share a liquidity hub in the Sui ecosystem called Magma. Magma is quite similar to the MMT I shared earlier in terms of business, but they have significant differences in their underlying LP mechanisms. Magma uses ALMM, which is smarter in liquidity management. Before we dive into the tutorial, let’s first explain a few liquidity strategies. Imagine you have a hotel with 100 rooms. (1) You set a single price for all rooms, and at this point, guests find it too expensive, leaving your rooms empty. The hotel revenue is mediocre. This is the traditional LP model. (2) To increase revenue, you set several rules, such as offering discounts to frequent visitors through a membership system to attract guests, and adjusting room prices during holidays to boost income. This is the DLMM model, which can dynamically adjust prices. (3) Although DLMM can flexibly increase revenue, you find that when unexpected events occur nearby, guest traffic also increases, but your established rules do not have a pricing adjustment mechanism for these sudden situations, as you cannot predict them. So, you create a system that automatically monitors the market and adjusts prices based on guest traffic, which is the ALMM model. Magma is based on the ALMM model, so its liquidity efficiency is higher. Moreover, the most impressive aspect of Magma is that there is no slippage within the dynamically adjusted price range. Therefore, in volatile markets, the efficiency of this farm is very high and incurs no losses. Magma has not yet disclosed financing information, and the leaderboard has just started, making it a very early-stage project to participate in. Currently, the strategies for participation include: 1. Spend a lot to earn points 2. Spend a little to leave a trace 3. Get free rewards to create a galaxy Let’s start the tutorial 👇