Index
ToggleSo far, Momentum Finance's first WAGMI Trading Competition has been a resounding success and a major milestone in our journey on Sui.
Impressive specs:
- Over $180 million TVL
- $11 billion in volume
- 2 million+ users
- Over $10 million in transaction fees generated
The program demonstrated the power of a truly community-driven DEX, bringing in over $1 million in weekly fees and incentives to LP (LPs).
WAGMI Season 1 runs until October 15, 2025
During the remaining time, users can continue to:
- Earn More Bricks
- Increased liquidation and trading
- Consolidate position to prepare for the next phase of Momentum
Snapshot for MMT distribution
On October 15, Momentum will take a Snapshot of all Bricks data and trading activity. This Snapshot will be used to:
- Determine eligibility and allocation for initial MMT distribution
- Calculating Season 1 Rewards
At the same time, Momentum will deploy WAGMI Hall of Fame, a permanent gold board that records the journey of Season 1, where all progress and contributions of participants are recorded.
WAGMI Season 2 – Launch Announcement
As Season 1 ends, Season 2 begins. It's a whole new game, with:
- Leaderboard reset from the beginning
- Bricks and volume reset
- Referral list remains intact
- New multipliers and boosters to reward active contributors
Season 2 will last from October 15th until ve(3,3) officially launches . This arrangement helps LPs transition smoothly and the community is directly involved in deciding the emissions mechanism.
What's New in WAGMI Season 2
- Smoother user experience
- Expand more pools
- Special Rewards to Drive DeFi Growth on Sui
Season 1 participants will receive rewards in a variety of ways. Depending on your level and rank, you will receive a multiplier bonus, allowing you to:
- Accumulate Bricks faster in Season 2
- Have a clear head start over newcomers
These bonuses are designed to give an advantage to active contributors, while still ensuring fairness to all new Momentum participants.
Q&A
Does WAGMI Season 2 start after TGE?
Answer: No. Season 2 will start on October 15, and the TGE event will take place during this season.
Is season 2 related to ve(3,3)?
Answer: Not yet. ve(3,3) will only be launched after Season 2 ends.
What are the rewards and how are points calculated?
A: Season 1 players will receive rewards in a variety of ways. Based on your level and rank, you will receive a multiplier bonus. This will allow you to accumulate Bricks faster in Season 2, giving active contributors a head start.
