The Reward Token: Victory

Victory Token Emissions & Sustainability Considerations

At the heart of SuiDex lies VICTORY, the farm’s reward token designed to incentivize liquidity providers and ensure the ecosystem thrives over the long term. When you deposit liquidity into the farm’s pools—whether it’s a high-yield pair like SUITRUMP/SUI or a stable option like SUI/USDC—you’ll earn VICTORY tokens as your reward. But VICTORY isn’t just a simple payout; it’s a key piece of the farm’s sustainability strategy, thanks to its innovative locking mechanism.

What is VICTORY?

VICTORY is the native reward token of SuiDex. It’s earned by anyone who stakes their liquidity pool (LP) tokens or single assets into the SuiFarm. Beyond being a reward, VICTORY plays a critical role in stabilizing the SuiDex economy.

High-emission yield farms can be challenging to sustain, so we’ve built a first ever double reward system where VICTORY can be locked to earn revenue in the form of SUI coin and Victory tokens. The SuiDex emission split mechanic is designed to over time increase the allocation of global emmisions to time-locked Victory stakers. This "longer pays better" philosophy maintains its value and rewards long-term commitment.

VICTORY Emissions, Total Supply and Burns

To keep VICTORY sustainable and valuable, we’ve designed its emissions to decrease over time by 1% a week after a fixed 4 week bootstrap phase. This reduction helps curb inflation, ensuring the token doesn’t flood the market and lose its worth.

On top of that, VICTORY benefits from a buyback and burn mechanism tied to Suidex, our in-house decentralized exchange (DEX). Specifically, 10% of the 0.3% trading fee (that’s 0.03%) from every swap on Suidex is used to buy back VICTORY tokens and burn them. This process enhances VICTORY’s scarcity and increases trading volume, while providing price support to strengthen the SuiDex ecosystem.

Global Victory emissions are rewarded every second, divided between LP staking, single-asset staking, and time-locked Victory staking. Over time, more rewards shift from LPs and single-asset staking to Victory stakers to encourage long-term holding.

This means as we mature as a liquidity hub on SUI, the users who have staked their victory in our token locker will be earning the majority of future Victory rewards.

Getting Started with VICTORY

Earning VICTORY is simple: stake your LP tokens in one of the farm’s pools, and rewards will start accruing. Once you’ve got some VICTORY in your wallet, head to the Token Locker, choose your lock period, and watch your SUI and Victory rewards roll in. Whether you’re in it for a quick win or the long haul, VICTORY gives you the flexibility to farm your way.