Deep Dive
1. veMMT Dashboard Launch (10 Nov 2025)
Overview:
The veMMT dashboard enables users to bond MMT tokens into veMMT (vote-escrowed governance tokens) and track rewards. This is the operational backbone of Momentum’s ve(3,3) model, designed to align long-term incentives.
The dashboard integrates real-time metrics for emissions, voting power, and accrued protocol fees. Users can bond tokens for 1–4 years, with longer locks granting higher rewards and governance influence.
What this means:
This is bullish for MMT because it formalizes governance participation, encouraging holders to lock tokens (reducing sell pressure) and engage in protocol decisions. (Source)
2. Buyback Program Activation (10 Nov 2025)
Overview:
Momentum began using protocol revenue (swap fees, launchpad income) to buy MMT from open markets. Purchased tokens are distributed to veMMT holders, creating a circular economy.
The program aims to offset inflation from future token emissions (slated for Q1 2026) and reward long-term stakeholders.
What this means:
This is neutral for MMT in the short term – while buybacks could stabilize prices, the effectiveness hinges on protocol revenue sustainability. (Source)
3. veMMT Documentation Update (13 Nov 2025)
Overview:
Revised technical docs clarify veMMT’s role in governance, including voting mechanics for liquidity pool incentives and bribe markets. Developers also added code examples for integrating veMMT into third-party apps.
What this means:
This is bullish for MMT because clearer documentation lowers barriers for developers and liquidity providers, potentially accelerating ecosystem growth. (Source)
Conclusion
Momentum’s recent updates solidify its ve(3,3) governance framework, prioritizing long-term holder alignment and liquidity depth. While buybacks add a deflationary lever, sustained traction depends on protocol revenue growth post-DEX launch. How might Sui’s ecosystem expansion impact Momentum’s liquidity and fee generation in 2026?