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Most JP Full Sail is a decentralized exchange (DEX) built on the Sui blockchain. The protocol is built on a new model called ve(4,4), designed to advance the mechanics introduced in ve(3,3) systems, retaining key features such as vote escrow, dynamic fees, and concentrated liquidity within a clAMM model. From there, it introduces new mechanics designed to improve capital efficiency and incentive alignment across all user roles.

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What Makes Full Sail Unique?

The foundation of Full Sail is built around three core theses:
  1. Users who are aligned with the long-term interests of the protocol should earn more.
  2. What matters is trading volume, because volume translates into revenue. This is tracked through a metric called Return on Emissions (ROE) that was originally invented by Serious People, the quants behind Full Sail.
  3. Emissions should scale with the value they produce, not be handed out at a fixed rate regardless of performance.
These principles define the structure of Full Sail’s ve(4,4) model. Emissions are distributed based on forward-looking volume predictions submitted by veSAIL holders.
Liquidity incentives follow projected utility rather than static metrics, and voting power is rewarded based on accuracy.
Return on Emissions (ROE) is used to measure how well this system is working. It tracks how much value is returned to the protocol relative to the emissions allocated, ensuring emissions are evaluated against real performance, not assumptions. Full Sail enables predictive, capital-efficient liquidity deployment and incentive distribution based on forecasted trading activity. Traders, liquidity providers, and veSAIL holders each play a role in maintaining deep liquidity, sustainable incentives, and protocol alignment. The system is designed to operate as a complete, governance-driven DEX from day one.

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Ready, Sailor, Sail?

Dive into our documentation to get started earning and aligning with Full Sail:

Quickstart

Get started with Full Sail DEX in seconds

Trading

Learn how to swap tokens on Full Sail

Provide Liquidity

Earn rewards by providing concentrated liquidity

How Full Sail Works

Understand the mechanics behind Full Sail DEX
Need help? Explore other sections of our comprehensive documentation or join our community.
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