Momentum Investment Team Gathers Star-Studded Lineup
Momentum was previously a multi-signature wallet solution called MSafe (Momentum Safe) and is now a decentralized exchange that includes cross-chain services.
Investors include Jump Crypto, Varys Capital, Coinbase Ventures, Sui, Aptos, Amber Group, Gate Ventures, Selini Capital, Wagmi Ventures, Monke Ventures, Dewhales Capital, Arcanum Capital, WAGMi Ventures, Adeniyi Abiodun, Superscrypt, Shima Capital, Spartan Group, Circle Ventures, SV Angel, Redpoint China, and Wang Tianfan.
It is worth noting that Superscrypt, one of the investors, is a Web3 fund under Temasek, a Singaporean sovereign wealth fund. Additionally, its founder ChefWEN previously worked at Meta (Facebook).
Momentum Launches Points Program
On May 2nd, Momentum announced the launch of the Bricks points program. Users can earn points by trading and providing liquidity on Momentum. Currently, Momentum's TVL is around $57 million, with a 24-hour revenue of about $10,000.
There are many high-yield liquidity pools on the protocol, such as USDC/ALPHA with nearly 500% annual yield, suiUSDT/USDC stablecoin with around 8% annual yield, and the mainstream SUI/USDC with nearly 300% annual yield. However, most rewards are distributed in the form of Bricks points.
Risk Warning
Crypto investments are highly risky, with potentially volatile prices, and you may lose all of your principal. Please carefully assess the risks.






