Recently, the Sui ecosystem faced a severe test when the Cetus protocol was suddenly attacked, drawing attention from the outside world. A deeper exploration reveals that the root of this crisis lies in a contract vulnerability of a single protocol, while the underlying architecture of Sui and the widely recognized Move language were not directly impacted.
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At this critical moment, Momentum, with its keen sense and strong sense of responsibility, became one of the first protocols to respond. It selflessly laid bare its security system, unreservedly showcasing it to the public, while also launching a new round of incentive plans. These series of actions not only demonstrate its commitment to decentralized principles but also play an immeasurable role in stabilizing confidence in the Sui ecosystem, powerfully proving that protocol governance capacity is a key measure of a protocol's status and value within the ecosystem.
Security Defense Line: A Solid Fortress with Comprehensive, Multi-layered Protection
- Permission Control: A Fine and Tight Protective Net: Momentum has done extensive homework in architectural design, from the front end to the back end, and then to the contract system, each layer has strict permission control. For sensitive permissions involving major interests and key operations, it is required to be executed through multi-signatures, effectively blocking the risk of single points of failure that may arise from excessive permission centralization, ensuring that the protocol can operate steadily and securely in a complex and volatile environment.
- Testing System: Comprehensive, Thorough Scanning and Inspection: A multi-dimensional testing system has been constructed, including standardized unit tests and integration tests, especially targeting high-risk types of vulnerabilities that are often overlooked but highly destructive, such as array out-of-bounds, ensuring precise coverage and detailed inspection. Meanwhile, this testing system ingeniously simulates various extreme scenarios, comprehensively testing the protocol's stability and reliability under various adverse conditions, providing solid guarantees for the protocol's secure operation.
- Monitoring and Warning: The 'Security Guardian' that Protects in Real-time: During the protocol's operation, real-time monitoring components remain highly vigilant, closely tracking every action and behavior of the protocol. Once any abnormal signs appear, it will instantly trigger the warning mechanism, timely sending out alarm signals. When necessary, it can also decisively enable the pause function to swiftly curb the further spread of attacks, minimizing potential losses, like a vigilant and brave guardian protecting the protocol's safety.
- Audit Mechanism: Multi-perspective, High-precision 'Quality Check': Understanding the importance of code quality for protocol security, we arranged multiple professional and authoritative external teams to conduct audits simultaneously for all major version updates. Through this multi-perspective, high-precision 'quality check', we comprehensively enhance the reliability and stability of the code, minimizing potential risks caused by negligence or oversight, thus laying a solid last line of defense for the protocol's secure operation.
- Security Incentives: The 'Defense Alliance' of Collective Strength: Momentum actively leads the organization of a joint vulnerability bounty pool, successfully attracting a group of skilled third-party developers to participate enthusiastically with a generous reward mechanism. This is akin to building a united 'Defense Alliance', gathering forces from all sides to enhance the system's security, thereby comprehensively improving the ecosystem's resilience in the face of risks, ensuring stability like a rock during storms.
Incentive Mechanism: The 'Source of Vitality' under the ve(3,3) Model
Starting from May 25, 2025, Momentum officially launched a new round of incentive plans, which caused a huge sensation throughout the Sui network due to its significant intensity and wide scope, making it one of the top-ranked schemes in terms of incentive strength.
- Dual Incentives: Triple Attraction and Returns: This incentive plan cleverly integrates triple SUI incentives from the Sui Foundation and triple Bricks rewards provided by the protocol itself. This means participants can enjoy substantial support from the official Sui ecosystem while also receiving generous returns from Momentum, a proactive protocol, like a dual-engine drive, greatly enhancing the attractiveness and value of the incentives.
- Flexible Cycle: The 'Vibrant Rhythm' of Dynamic Adjustment: The incentive cycle starts from one week but is not fixed. Momentum dynamically adjusts the incentive cycle based on participants' actual situations, market dynamics, and the overall development needs of the ecosystem, with high sensitivity and flexibility. This adaptive mechanism can fully motivate participants' enthusiasm while ensuring that the incentive plan always resonates in sync with the ecosystem's development rhythm, injecting continuous vitality into the ecosystem.
- Mechanism Innovation: The Unique Charm of the ve(3,3) Model: The incentive mechanism is meticulously crafted based on the innovative ve(3,3) model. This model cleverly introduces the exquisite ideas of cooperative incentives from game theory while drawing on the advantages of the veToken locking mechanism. Through scientifically reasonable design, it encourages users to engage in long-term locking behavior. This not only helps enhance user loyalty and participation in the protocol but also significantly improves the overall system efficiency, providing strong support for the long-term stable development of the ecosystem.
Protocol Panorama: The 'All-round Player' Rising in the Sui Ecosystem
The birth and development of Momentum is a legendary tale within the Sui ecosystem. It initially entered the public eye as the MSafe multi-signature wallet and, after accumulating a certain technical foundation and user base, continuously expanded its boundaries and functions, gradually evolving into a comprehensive infrastructure module that integrates liquidity management, token release, and governance mechanisms, becoming an indispensable key component of the Sui ecosystem.
- Dual Token Design: Accurately Allocated Functions and Powers: Its unique dual-token design cleverly balances multiple demands for incentives and governance. The MMT token carries the responsibilities of the protocol's daily operations and incentive distribution, serving as the core driver of ecological activity; veMMT, as a governance and voting token, is closely linked to the locking duration, granting holders a voice in the future development direction of the protocol, fully embodying the core idea of decentralized governance. The two complement each other, jointly constructing a protocol ecosystem that is both efficient and fair.
- Technical Background: Deep Foundation and Solid Support: Having emerged in the blockchain field, it has attracted many powerful investors and technical teams to extend olive branches. Currently, the total financing has successfully surpassed $10 million, and the progress of the new round of financing will soon be announced to the public, undoubtedly injecting strong financial motivation into its future ambitions. Among a strong financing lineup, the background of Varys Capital, the lead investor, being associated with the Qatari royal family office is particularly noteworthy, providing Momentum with profound strategic resources and influence. Meanwhile, the strong support from the Sui Foundation and Mysten Labs empowers it from both technical and ecological dimensions. Among the core individual investors, the participation of industry leaders like Adeniyi Abiodun, co-founder of Mysten Labs, provides solid intellectual support for Momentum's technology research and innovation. Furthermore, the participation of several top American institutions such as Coinbase Ventures and Circle Ventures further highlights Momentum's extraordinary strength and immense potential in the industry. Founder ChefMMT, having served as an early engineer at Meta Libra (now Diem), has a long-standing collaborative experience with core team members of Sui and Aptos, establishing a strong technical foundation and close cooperation relationship, providing strong endorsement and support for its technological landing and ecological integration.
Decentralized Practice: Highlights from the Cetus Event
During the special period when the Cetus protocol was attacked, the response displayed by the Sui community was a vivid and powerful practice of the decentralized concept. Without adopting any centralized intervention measures, it fully respected the autonomy and decision-making power of various nodes within the ecosystem. Verification nodes made independent judgments and decisions, choosing not to package those malicious attack transactions, while various protocols coordinated efficiently and orderly to halt operations, collaboratively controlling the spread of risks.
Momentum's performance during this critical period is particularly outstanding, as its rapid response and active cooperation with ecosystem collaboration fully demonstrate that it not only deeply aligns with decentralized principles in institutional design but also possesses the ability to work shoulder to shoulder with other ecosystem members to face challenges, contributing significantly to the protection of users' asset security in the entire ecosystem, becoming a model representative of decentralized cooperation in the Sui ecosystem.
Summary: The 'Key Engine' Leading the Sui Ecosystem to New Heights
What Momentum has built is by no means just a single functional product or a simple incentive mechanism, but a complete and sophisticated protocol system that encompasses security systems, incentive logic, and governance structures across multiple core dimensions. As the Move ecosystem continues to grow, this innovative mechanism that perfectly integrates 'structured governance' with 'incentive synergy' is like a rising star, poised to illuminate the path forward for the Sui network, propelling it towards a more efficient, controllable, and prosperous direction, becoming the key engine and solid foundation for the entire ecosystem's development.
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