岩浆金融：SUI上的VE（3,3）DEX

分散的金融（DEFI）景观正在不断发展，新的创新推动了可能的界限。

The decentralized finance (DeFi) landscape is constantly evolving, with new innovations pushing the boundaries of what’s possible. At the heart of this evolution are decentralized exchanges (DEXs), which have become the backbone of DeFi by enabling trustless, permissionless trading. However, as the space matures, the need for sustainable liquidity, aligned incentives, and scalable infrastructure has never been greater.

分散的金融（DEFI）景观正在不断发展，新的创新推动了可能的界限。这种演变的核心是分散交流（DEX），通过实现无信任的，无许可的交易，它们已成为Defi的骨干。但是，随着空间的成熟，对可持续流动性，一致激励措施和可扩展基础设施的需求从未如此大。

Here we introduce Magma Finance, a next-generation ve(3,3) DEX built on the Sui network. Inspired by the success of protocols like Uniswap, Curve, Shadow, and Aerodrome, Magma Finance is designed to bring the power of ve(3,3) to Sui, creating a vibrant and sustainable liquidity ecosystem.

在这里，我们介绍了Magma Finance，这是在SUI网络上构建的下一代VE（3,3）DEX。受UNISWAP，曲线，影子和机场等协议成功的启发，岩浆融资旨在将VE（3,3）的力量（3,3）带到SUI，创造出充满活力且可持续的流动性生态系统。

Why build on Sui?

为什么在Sui上建立？

The Sui network is a next-generation Layer 1 blockchain designed for scalability, speed, and security. For a protocol like Magma Finance, Sui offers several key advantages:

SUI网络是下一代第1层区块链，旨在可扩展性，速度和安全性。对于像岩浆金融这样的协议，Sui提供了几个关键优势：

• High Throughput & Low Latency: Sui is capable of handling a large volume of transactions per second (TPS) with minimal latency. This is crucial for a DEX that needs to process trades quickly and efficiently, especially during periods of high activity.

•高吞吐量和低潜伏期：SUI能够以最小的延迟处理大量的每秒交易（TPS）。这对于需要快速有效地处理交易的DEX至关重要，尤其是在高活动期间。

• Pay-Per-Use Gas Model: Sui adopts a pay-per-use gas model, ensuring that users only pay for the computational resources used by their transactions. This optimizes gas fees and provides a more cost-effective experience for traders and liquidity providers.

•付费每次使用气体模型：SUI采用按使用付费的气体模型，确保用户仅支付其交易所使用的计算资源。这样可以优化汽油费，并为贸易商和流动性提供商提供更具成本效益的体验。

• Advanced Programming Language: Sui utilizes an advanced programming language (Move) that enables the development of complex and feature-rich smart contracts. This allows protocols like Magma Finance to implement sophisticated functionalities and adapt to evolving market needs.

•高级编程语言：SUI使用了高级编程语言（移动），从而可以开发复杂和功能丰富的智能合约。这允许诸如岩浆财务之类的协议可以实施复杂的功能并适应不断发展的市场需求。

By building on Sui, Magma Finance is positioned to leverage these cutting-edge features to deliver a superior trading experience, attract deep liquidity, and foster a strong community.

通过在SUI上建造，Magma Finance可以利用这些尖端的功能来提供卓越的交易体验，吸引深厚的流动性并促进一个强大的社区。

The evolution of DEXs: From fragmentation to collaboration

DEXS的演变：从分散到协作

Decentralized exchanges have come a long way since the early days of DeFi. Platforms like Uniswap and SushiSwap introduced automated market-making (AMM) mechanisms, enabling users to trade assets without intermediaries. However, as the DeFi ecosystem grew, so did its challenges:

自从Defi早期以来，分散的交流已经走了很长一段路。诸如UNISWAP和SUSHISWAP之类的平台引入了自动营销（AMM）机制，使用户能够在没有中介机构的情况下进行交易。但是，随着Defi生态系统的发展，其挑战也是如此：

• Liquidity Fragmentation: As new DEXs emerged, they often drained liquidity from existing protocols, leading to a competitive and fragmenting landscape.

•流动性碎片化：随着新DEX的出现，它们经常从现有方案中耗尽流动性，从而导致竞争性和分散的景观。

• Short-Term Incentives: Many DEXs focused on immediate gains, neglecting the long-term sustainability of their ecosystems.

•短期激励措施：许多DEX专注于立即收益，忽略了其生态系统的长期可持续性。

• Lack of Scalability: As DeFi protocols scaled, existing DEX technology struggled to keep pace with increasing throughput demands.

•缺乏可伸缩性：随着DEFI协议的扩展，现有的DEX技术努力与增加的吞吐量需求保持同步。

To address these challenges, a new wave of DEXs leveraging the ve(3,3) model has emerged. Protocols like Velodrome, Aerodrome, and Thena have demonstrated the power of this model, fostering deep liquidity, aligned incentives, and strong communities.

为了应对这些挑战，已经出现了一个新的DEX浪潮（3,3）模型。赛车室，机场和THEA等方案已经证明了该模型的力量，促进了深厚的流动性，一致的激励措施和强大的社区。

What is ve(3,3)?

什么是VE（3,3）？

The ve(3,3) model is a new approach to decentralized exchange design, combining vote-escrowed governance with game theory principles to create a self-reinforcing ecosystem.

VE（3,3）模型是一种分散交换设计的新方法，将投票权的治理与游戏理论原理相结合，以创建自我增强生态系统。

How it works:

它的工作原理：

1. Liquidity providers (LPs) stake their tokens to earn exchange fees.

1。流动性提供者（LPS）将其令牌筹集以赚取交易费。

2. LPs can vote-escrow their governance tokens (e.g. MAGMA) for a specific duration, locking their voting power.

2. LP可以在特定的期限内投票支持其治理令牌（例如岩浆），从而锁定其投票权。

3. Voting is used to allocate exchange revenue to LPs and adjust protocol parameters.

3。投票用于将交换收入分配给LPS并调整协议参数。

4. Longer vote-lock periods grant more voting weight, incentivizing long-term alignment.

4。较长的投票时期给予更多的投票权重，激励长期一致性。

Key Benefits of ve(3,3):

VE的主要好处（3,3）：

• Sustainable Liquidity: ve(3,3) protocols are designed to retain liquidity over the long term, encouraging deep markets.

•可持续流动性：VE（3,3）方案旨在长期保留流动性，鼓励深层市场。

• Aligned Incentives: The model fosters alignment between liquidity providers, traders, and the protocol itself.

•一致的激励措施：模型促进了流动性提供者，交易者和协议本身之间的一致性。

• Community Governance: Vote-escrowed governance empowers the community to decide on the protocol's future.

•社区治理：投票支持的治理使社区有能力决定协议的未来。

Magma Finance: The ve(3,3) DEX on Sui

岩浆金融：SUI上的VE（3,3）DEX

Building on the success of ve(3,3) pioneers like Velodrome, Aerodrome, and Thena, Magma Finance is bringing this innovative model to the Sui network.

在VE（3,3）先驱等Velodrome，Aerodrome和Thena的成功基础上，Magma Finance将这种创新的模型带到了Sui Network。

What sets Magma apart?

是什么使岩浆与众不同？

• Cutting-Edge Technology: Magma Finance combines the ve(3,3) with Sui’s high throughput, low latency, and advanced programming language to create a superior trading experience.

•尖端技术：岩浆金融将VE（3,3）与SUI高吞吐量，低潜伏期和高级编程语言相结合，以创造出色的交易体验。

• Sustainable Liquidity Strategy: The protocol is designed with a strong focus on sustainable liquidity, ensuring the long-term viability of the Magma ecosystem.

•可持续流动性策略：该协议的设计非常重视可持续流动性，以确保岩浆生态系统的长期生存能力。

• Community-Driven: Magma Finance values community input and integrates feedback mechanisms to adapt to the evolving needs of its users.

•社区驱动：岩浆融资价值社区输入并整合反馈机制，以适应其用户不断发展的需求。

Magma Finance's growth and TVL expansion

岩浆金融的增长和TVL扩展

Since its launch, Magma Finance has demonstrated strong adoption and liquidity growth. The protocol has attracted increasing participation from liquidity providers, with Total Value Locked (TVL) showing significant expansion over the past weeks.

自推出以来，岩浆财务已表现出强大的采用和流动性增长。该协议吸引了流动性提供者的参与日益增加，在过去几周中，总价值锁定（TVL）显示出显着的扩张。

This rapid increase in liquidity highlights the confidence of users and investors in Magma Finance’s model and its role in the growing Sui

流动性的快速增加凸显了用户和投资者对岩浆财务模型及其在不断增长的SUI中的作用的信心