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If liquidity itself can be priced through voting, does a DEX still need a team to distribute incentives?
This is the problem veDEX aims to solve, and it's also why I started paying attention to @Marb_market.
MarbMarket completely disassembles the traditional DEX logic — instead of having liquidity first and then rewards, it starts with voting rights, which then determine where the liquidity flows.
When you lock MARB tokens to get veTokens, the longer you lock, the greater your voting power. Then, every week, you vote to decide which pools receive emissions.
Don’t underestimate this step; it’s actually a game-changer because earnings become a resource that can be manipulated.
Project teams, in order to attract liquidity, will actively offer incentives to veToken holders, essentially bribery.
LPs follow the flow of rewards, creating a cycle: emissions drive liquidity, liquidity attracts trades, trades generate fees, and fees and bribes flow back to veToken holders.
This is the classic MARB flywheel.
I understand that the core of this model is transforming a DEX from a trading venue into a liquidity market.
And there’s another key point: MarbMarket was launched fairly on MegaETH, with no pre-sale and no internal shares.
This means the initial game is open; for those used to being LPs, it’s not just another pool but a system where they can participate in the distribution rights.
If you're interested, you can check it out first.
Early participation and late entry are completely different games.