Background and Introduction
1. Background
Over the past year, the Sui ecosystem has experienced explosive growth. To incentivize early users, major protocols have launched their own points systems, such as:
Momentum's BRICKS points
ZO's ZO points
Volo's volo points
...and many more from other projects.
These points serve as direct credentials for future airdrop expectations, representing immense potential wealth. Users diligently "farm" these points through activities like staking, lending, and trading. However, a significant problem has emerged: while invaluable, these points are locked within each protocol's account. They cannot be traded, transferred, or priced. No matter how many points you accumulate, it remains a form of "paper wealth." Your capital is heavily engaged, yet its liquidity cannot be unlocked until the airdrop is actually realized. This is the "golden handcuff" of the Sui ecosystem's points meta.
2. The Nemo Points Market Mechanism
Nemo Points Market is the premier marketplace for airdrop farming on Sui, transforming points into a powerful tool that can be traded, leveraged, and used to generate excess returns. In short, the Nemo Points Market is a marketplace built around PT and YT. Nemo's core magic lies in its ability to unbundle the points from any yield-bearing asset (e.g., BRICKS from Momentum's xSUI). We achieve this through our exclusive PT/YT tokenization technology, creating two brand-new tokens:
Asset Wrapping: When you deposit a yield-bearing asset that generates points (e.g., xSUI, which earns Momentum BRICKS points) into Nemo.
Points Unbundling: Nemo acts like a sophisticated financial magician, separating the asset's two core rights:
Principal Ownership: This is minted into PT (Principal Token). It acts like a fixed-term deposit certificate, guaranteeing that you can redeem your principal 1:1 at expiry.
All Future Yield + Points: This is minted into YT (Yield Token). It's like a grand prize lottery ticket that contains all future rewards. Whoever holds YT owns 100% of all future yield and points generated by the underlying asset until expiry.
Points Trading: The trading of these rights happens seamlessly within the Points Market.
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