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What is MMT on Binance? A RWA powerhouse on SUI
MMT was all the rage a while ago, but I didn't pay much attention. Today, I took the time to research what MMT actually does, and I found it quite interesting.
First, MMT Finance is a DeFi platform on the SUI ecosystem. Its core goal and future is to enable the circulation and trading of all assets, including both crypto and real-world assets. This refers to any asset and any transaction.
So, what are MMT's advantages compared to other DEXs?
1/ Better liquidity and lower wear and tear. I learned that MMT's CLMM model offers narrower spreads. This means that with the same price and liquidity, the price impact is smaller, reportedly comparable to CEXs.
2/ Atomic execution. This allows multiple operations to be bundled together, such as trading and staking, which can be completed in one transaction. This improves security and reduces the window for malicious activity for MEVs.
3/ Capital utilization: xSUI allows staking while participating in DeFi, resulting in higher capital utilization and returns. This also significantly boosts DeFi development within the SUI ecosystem. Furthermore, Vaults' automated strategies attract sticky TVLs, improving overall liquidity.
How about Binance's HODLer airdrop of MMT?
I looked at this round; each BNB airdropped 0.4571 MMT, with a maximum value of 2.05 USDT. Therefore, the return on this airdrop was 0.22%, which is quite considerable.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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