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What is Full Sail

Full Sail is a decentralized exchange designed to solve the economic inefficiencies that have made most DEX models unsustainable. It replaces short-term growth strategies with mechanisms that prioritize capital efficiency, sustainability, and incentive alignment. Rather than relying on inflationary emissions to simulate liquidity, Full Sail builds systems that allow liquidity, governance, and incentives to reinforce one another naturally over time. At its core, Full Sail is an exchange architecture engineered for self-sufficiency. Every mechanism in the protocol exists to correct the structural flaws that cause traditional DEXs to decay once external incentives end.

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How Full Sail Works

Full Sail achieves its purpose through a set of interlocking mechanisms that together form a sustainable market system. Each is designed to make the protocol more adaptive, efficient, and self-reinforcing.

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Dynamic Fees

Full Sail is the first DEX on Sui to implement dynamic fees. Static fee models ignore changing market conditions, leading to poor outcomes for both traders and liquidity providers. Dynamic fees respond to volatility in real time:
  • Traders pay lower fees during periods of low activity.
  • Liquidity providers earn higher returns when volatility and trading volume increase.
This adaptive structure ensures that LPs are rewarded according to the market conditions they underwrite, making liquidity provision both fair and sustainable.

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Vote-Escrow Governance

Full Sail introduces vote-escrow governance (ve) to align decision-making with long-term commitment. Traditional liquidity mining rewards transient capital that leaves once emissions fade. In contrast, vote-escrow ties governance power to the duration of token locks. The longer tokens are staked, the greater the voting influence. This model ensures that governance decisions reflect the interests of those most invested in the protocol’s future, creating a governance layer that is resistant to short-term opportunism.

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Prediction-Based Emissions

Full Sail rethinks how emissions are distributed by integrating prediction markets into its incentive framework. Instead of allocating rewards through static formulas, the system allows users to forecast pool volumes for upcoming epochs. Emissions are then distributed based on these forecasts, directing capital where it can generate the most impact. This transforms emissions from a wasteful expense into a market-driven coordination tool that improves both liquidity efficiency and incentive precision.

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oSAIL: Game-Theoretic Loyalty

The oSAIL mechanism strengthens user alignment through a stay-to-earn model grounded in game theory. Users who choose to unlock their oSAIL incur a 50% exercise fee, the majority of which is redistributed to voters. This design rewards loyalty and discourages short-term exits, creating an incentive landscape where remaining aligned with the protocol is the rational economic choice.
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