Ngaba i-desentralized exchange ikakhulukazi izixazulule inkinga le-money-capital eyenza i-DeFi iminyaka eminingi? Ngaba i-desentralized exchange ikakhulukazi izixazulule inkinga le-money-capital eyenza i-DeFi iminyaka eminingi? I-SegaSwap ibonise ukuthi i-imeyili iyatholakala nge-combination ye-liquid staking, i-leveled liquidity pools, kanye ne-something ebizwa ngokuthi "attention capital markets." I-Seoul-based start-up yasungulwa umzila we-seed round ku-value $10 million ngo-September 23, 2025, nge-Sonic SVM ne-10K Ventures enikezela ukuthengiswa. Izinzuzo zithunyelwe njengoba i-SegaSwap izivakasha ukudlulisela okuhlobene njengendlela eyahlukile yokukhuthaza ama-liquidity providers ku-Solana ne-Sonic SVM. Umthombo we-Mercenary Capital Konke i-exchange ye-decentralized ibhizinisi ibhizinisi elilodwa. Abanikezele ama-liquidity providers ukubheka ama-tokens ku-pools ukuze ama-trader angakwazi ukubheka ama-assets. Ngaphandle kwe-liquidity enhle, i-trades ibhizinisi i-slip high, lapho abasebenzisi bafike amayunithi engaphansi emangalisayo. Ukuze uthole i-liquidity, i-protocols ibhizinisi, ngokuvamile ngaphansi kwe-tokens yayo. Umthengisi we-liquidity, abalandela imithombo yayo enezingeni eliphezulu, ngokushesha abalandela imithombo yabo futhi usuka ku-protocol elandelayo enikeza imithombo engcono. Lezi zokusebenza, eyaziwa ngokuthi i-salary capital, ikhiqiza i-liquidity emangalisayo enza lapho izincwadi zihlangene. Iiprojekthi zihlukile nge-treasury funds ezinzima ukugcina imithombo yobuchwepheshe, kuphela ukuhlola i-liquidity yayo i-evaporate lapho i-competitor inikeza imithombo eningi eliphezulu. I-SegaSwap inikeza isixazululo ngokusebenzisa izinhlelo eziningana eziningana ezintsha indlela yokuqiniswa nokuqiniswa. Isakhiwo se-Two-Tier Pool Ngaphandle kokuphendula zonke i-liquidity pools ngokulinganayo, i-SegaSwap iveza ezimbini: Main Pools kanye ne-Attention Pools. I-Main Pools ikhaya ama-assets eyenziwe nge-track records eyenziwe. I-Attention Pools iqukethe ama-tokens ezintsha, ezingaphezu kwe-volatile ezinemibuzo esikhulu. Ukuhlukaniswa kubaluleke ngenxa yindlela yokuthintela izindleko. I-Attention Pools ivumela ingxenye ephakeme ye-trading izindleko kumadivayisi we-liquidity, ukuguqulwa kokuthatha ingozi eyengeziwe. I-Public Leaderboard ibhekwa umthamo we-trading kanye ne-Total Value Locked (TVL) ye-Pool ngamunye. Uma i-Attention Pool ibonisa ukusebenza okuqhubekayo nokukhula, ivela ku-Main Pool status. Uhlelo le-graduation inikeza isitimela esifanele ukuze amaprojekthi ezintsha zihlanganisa ukubuyekeza. Ngaphandle kokufunda kuphela izincazelo ze-token yokuqinisekisa i-bootstrap liquidity, amaprojekthi angakwazi ukuhlola impilo yabo ngokusebenzisa umsebenzi wokuthengisa okuqukethwe kwamakhasimende. I-model ibonise ukukhula okuzenzakalelayo ngaphezu kwe-artificial pumping ngokusebenzisa iziphakamiso ezingenalutho. I-Liquid Staking njenge-Yield Amplifier I-SegaSOL, i-token ye-SOL e-liquid-staked ye-protocol, inikeza enye ingxenye ye-puzzle. Uma abasebenzisi zithole i-SOL nge-methods ezivamile, ama-tokens zabo zihlanganisa, engathengiswa kwezinye imisebenzi ze-DeFi. Ukuhambisa kwe-liquid iyahlanza lo mkhuba. Abasebenzisi akhiphe i-SOL futhi akhiphe i-SegaSOL ngokuvumelana. I-SOL ekuphathelene inikeza izipho ze-stake, ngokuvamile malunga ne-7% ngonyaka ku-Solana. Kodwa ngaphandle kwe-SOL e-stake e-regular, i-SegaSOL inikeza i-liquid. Abasebenzisi akhiphe, inikeza njenge-liquidity, noma isetshenziswe kumakhemikhali we- yield. Lokhu kubalulekile ukuthi idali efanayo inikeza izipho amaningi ngokuvumelana: izipho ze-stake base kanye neminye izipho asebenzayo ku-DeFi. Yenziwe njenge-ownership ye-rental property enikeza imibuzo yenyanga ngokuvamile usebenzisa isakhiwo esifanayo njenge-certificate ye-business loan. I-capital isebenza ngempumelelo. Ukuze ama-liquidity providers, le-double-earning potential yenza ukuhambisana ne-pools enikezayo ngisho lapho izinzuzo ezengeziwe ze-token zihlukile. Qaphela Izinto zeMakethe zeKapital Umphumela we-SegaSwap we-Attention Capital Market (ACM) ye-Sonic SVM inikeza ukuhlanganiswa. Kwi-finance yokuzonwabisa, ama-capital isithuthuka ku-opportunities esekelwe ku-return ebonakalayo. Kwi-crypto, i-speculation kanye ne-hype ikhiqiza lezi zithuthuthu ngaphezulu kwe-fundamentals. I-ACM isixazululo ukubaluleka nokukhuthaza ukubaluleka kwamakhasimende enhle kanye nokuxhumana. Ngaphandle kokucindezeleka kokuphumelela kuphela ngokusebenzisa i-TVL noma i-trading volume, i-protocol ibonisa imibala yokusebenzisana okuqhubekayo. I-token enikezela ukuthengiswa kwamahhovisi ngamahhovisi ngamahhovisi eminyakeni ngamahhovisi engaphezulu kunama-spike embalwa ngempumelelo. Lezi zincazelo zihlanganisa ukubuyekeza ukuguqulwa kwamahhala. I-pools ebonakalayo, ebonakalayo ibhizinisi ibhizinisi amakhulu. Umthombo wahluka kusukela ekwenzeni i-spikes ye-liquidity ezingenalutho kuya ku-building i-market presence. I-Projects ayikwazi kuphela ukuthenga indlela yayo ku-top ngokusebenzisa i-token emissions; kufuneka ukuphucula amasethi yama-user real. I-system ikhiqiza izimpendulo. Ukusetshenziswa okwenziwe ngempumelelo, okuholela izimpendulo, okuhlobisa i-liquidity, okuhlobisa ukuhweba, okuhlobisa abasebenzisi eziningi. Ngokungafani ne- yield farming ezivamile lapho izimpendulo zithunyelwe kwama-passive capital, i-ACM ikhiqiza izimpendulo ekusebenzeni okwenziwe. Ukukhiqizwa kwe-Technical Implementation and Roadmap I-seed funding ivumela ukuthuthukiswa kwezobuchwepheshe eziningana. Okokuqala, i-SegaSwap ivumela i-algorithms ye-routing engaphezulu ku-Sonic SVM. Uma abasebenzisi zithengise, i-protocol kuyadingeka ukufumana isitimela esebenzayo ngokusebenzisa ama-liquidity pool eziningana nokunciphisa imiphumela yamahhala. I-routing engcono inikeza imizuzu engcono kumakhasimende kanye nokukhishwa kwamahhala engaphezu kumakhasimende we-liquidity. Okunye, iqembu uye ukwandisa ukuhlanganiswa kwe-SegaSOL emhlabeni jikelele. Yonke isicelo esitsha ye-liquid staking token ukwandisa isisindo se-utility kanye nesidingo se-protocol. I-protocol ikakhulukazi uvumela izinhlobo ezintsha ze-pool ezihambisana nezilinganiso ezahlukahlukene ze-asset, kusuka ku-stablecoins kuya ku-memecoins e-volatile. Okwesithathu, i-SegaSwap izivakashi izinzuzo amamoduli, okuvumela iiprojekthi ezingaphezu ziye zihlanganisa inqubo yokukhuthaza. Ngaphandle kokuthuthukiswa kwe-protocol ye-liquidity mining program, zihlanganisa isakhiwo se-SegaSwap kanye ne-attention-based distribution model. I-Market Context kanye ne-Competition I-SegaSwap ivela emkhakheni ebomvu. I-Solana inikeza AMM emangalisayo ezifana ne-Orca, i-Raydium, ne-Jupiter. Yonke inikeza indlela yayo yokuthintela nokuthintela i-liquidity. I-Orca isekelwe ku-liquidity ebomvu, okuvumela ama-providers ukunika izindleko aphezulu ngokuchofoza izindleko ezithile. I-Raydium ibhekwa ne-Serum order book yokukhuthaza i-price discovery. I-Jupiter ibhekwa i-liquidity ku-multiless sources. I-timing ibonise enhle. I-Ecosystem ye-Solana iboniswa kakhulu kusukela ku-2022. I-transaction cost ibheka aphansi, ikakhulukazi ngaphansi kwe-cent, ngenkathi i-throughput ibheka ekuphuculeni. I-network ibheka ama-thousands of transactions ngenyanga ngaphandle kokuphendula kwempumelelo e-Ethereum eminyakeni ephezulu. I-Sonic SVM inikeza isigaba esilandelayo. Njengomphumela we-Solana Virtual Machine, inikeza ukusebenza okungenani eliphezulu nangokuthintela ukuxhumana nezinhlelo zokusebenza ze-Solana. I-Projects eyenziwe nge-Sonic SVM kufuneka isakhiwo se-liquidity, okuvumela izinzuzo ze-movers ezidlulile ezifana ne-SegaSwap. Chris Zhu, CEO ye-Sonic SVM, ibonisa, "SegaSwap sinikeza ukunakekelwa kwe-Sonic SVM ku-high-throughput consumer apps ngokutholela ukucindezeleka kanye nokuqiniseka lapho kusebenza. I-SegaSOL ne-twin-tier pool design inikeza abacwaningi izixhobo ezisebenzayo yokukhuthaza emakethe ngaphandle kokufakwa kwezimpendulo ezincinane." "SegaSwap sinikeza ukunakekelwa kwe-Sonic SVM ku-high-throughput consumer apps ngokutholela ukucindezeleka kanye nokuqiniseka lapho kusebenza. I-SegaSOL ne-twin-tier pool design inikeza abacwaningi izixhobo ezisebenzayo yokukhuthaza emakethe ngaphandle kokufakwa kwezimpendulo ezincinane." Iphasiwedi "ukudluliselwa lapho" ibonise. I-DeFi yokudluliselwa ikhasimende ikhasimende ikhasimende kuphela ngenxa yokubonisa. Imodeli ye-SegaSwap ikhasimende ukuhlolwa kwezinto zokudluliselwa zokudluliselwa ngaphambi kokusebenza kwimarike. Imibuzo yokuqala Ukufinyelela kwe-SegaSwap kuncike ama-problems ezijwayelekile e-DeFi, kodwa ukufinyelela kubaluleke umphumela. Isakhiwo se-pool ye-two-tier inesibopho, okwenza izincwadi ezizodwa ezintsha kanye nemikhiqizo ezivamile. Ukufinyelela kwe-liquid ngokusebenzisa i-SegaSOL inikeza izinzuzo ezibonakalayo ngaphezu kwe-stacking ezivamile, ngaphandle kokuphumelela kwama-providers ezivamile afana ne-Marinade ne-Jito. I-attention-based reward system inikeza i-wildcard eningi kakhulu. Ukubuyekeza ukuxhumana okuzenzakalelayo kunazo zonke izimo ezivamile. Abacwaningi abacwaningi abanolwazi ukudlala ama-attention metric kanye nezimali ze-farm. Umthamo we-protocol yokuzonwabela ukusetshenziswa okuzenzakalelayo kusuka ku-pumping yokuqinisekisa ukuthi i-ACM inikeza izimo zayo. Ukubuyekezwa kwe-$10 million kubonakala kulinganayo ngokuvamile ngokuvamile ngokuvamile ngokuvamile le-project. I-investors kubonisa ukuba zihlanganisa umthamo we-team yokusebenza engaphezulu kwe-current traction. Nge-Sonic SVM engaphezulu ekuthuthukiseni kanye nokufinyelela kwe-mainnet ye-SegaSwap engaphansi, iningi kuxhomekeke ku-delivery elandelayo. Ukuze abasebenzisi we-Solana, i-SegaSwap inikeza inguqulo esilandelayo emangalisayo ye-DeFi. Noma inokukwazi ukujabulela ngokushesha emangalisayo emangalisayo kunalokho. Ukuphumelela kwe-protocol kunokwenzeka kunokungabikho kwezinto ezintsha futhi kakhulu ekusebenziseni okuqhubekayo nokuthuthukiswa kwamakhemikhali. Ku-DeFi, ubuchwepheshe engcono akuyona kuphela. Amasipala ihlanganisa isakhiwo se-solid ne-incentive esikhulu kanye namasipala asebenzayo. I-SegaSwap ibonise izixazululo ezinhle, kodwa emakethe ngeke ikakhulukazi ukubuyekeza ukusebenza kwayo. Qiniseka ukunakekela futhi usahlanganyela umlando!