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Many people still haven’t realized that the core of this round of competition has changed.
It’s not about who trades faster, and it’s not about who has lower fees—it's about who controls the distribution of incentives.
MarbMarket chose zero presale and zero VC funding on MegaETH, a fair launch, handing the chips directly to the community—this isn’t just a sentiment; it’s the starting point of a governance model.
Let’s briefly explain the logic of veDEX:
You lock MARB to get veToken, and you vote to decide which pool receives the incentives; the longer you lock, the more power you have.
If the project team wants liquidity, they must come and win your votes; bribery isn’t a “gray area” behavior—it’s part of the mechanism itself, and your votes can be monetized directly.
@Marb_market has truly solved the long-standing problem with DEXs: where does liquidity come from.
The traditional approach is that the team keeps subsidizing; fundamentally, it’s a drain—while the ve model makes every participant compete with each other, forming an endogenous loop.
LPs receive incentives, lockers receive bribes and fees, and the protocol gains continuous liquidity—not short-term subsidies, but structural supply.
MegaETH doesn’t yet have a dominant DEX, and MarbMarket is competing for the first-mover position of ve(3,3).
Referring to Aerodrome’s path on Base, the first project to successfully run the model often attracts most of the liquidity.
The flywheel logic is already very clear: the more you lock, the stronger the governance, the higher the bribes, the higher the returns—then it attracts even more lockers; once this cycle is established, it’s difficult for newcomers to shake it.
More importantly, there is no presale, no VC, no hidden chips, and no potential sell pressure—everyone stands at the same starting line and exchanges time for power.
If you still look at projects like this using traditional AMM thinking, it’s easy to underestimate their structural value.
veDEX is not an optimized version of a DEX; it turns the allocation rights themselves into a market.
It’s still early, so you may want to pay more attention to:
Once liquidity starts to compete, positioning will no longer be determined by price, but by voting power.
You either participate early in the structure, or you passively accept the outcome after the structure forms.