Most decentralized exchanges (DEXes) pursue growth by relying heavily on emissions and short-term liquidity mining incentives. While this can create temporary volume and liquidity, it usually results in wasteful token distribution and ecosystems that collapse once external rewards are withdrawn. Full Sail was created to address these systemic flaws. The protocol is built on two core principles: capital efficiency and sustainability. Every mechanism in Full Sail exists to correct the inefficiencies that make traditional DEX models unstable.

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Dynamic Fees

Full Sail is the first DEX on Sui to implement dynamic fees. Static fee structures fail to adapt to market conditions and often result in poor outcomes for both traders and liquidity providers. Dynamic fees adjust in real time:
  • Traders benefit from lower costs when markets are quiet.
  • Liquidity providers earn higher rewards during periods of volatility.
This system ensures that LPs are compensated in proportion to the market conditions they underwrite, making participation more attractive and sustainable.

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Vote-Escrow Governance

Full Sail is the first DEX on Sui to deploy vote-escrow mechanics. Conventional liquidity mining attracts mercenary capital that quickly exits once rewards diminish. Vote-escrow reverses this by rewarding long-term alignment: the longer tokens are locked, the greater the governance power. Decision-making influence is therefore concentrated in the hands of participants most committed to the protocol’s future.

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Prediction-Based Emissions

Full Sail is the first DEX to integrate prediction markets into governance. Rather than distributing emissions based on static allocations, the system allows users to forecast pool volumes for the next epoch. These forecasts directly inform emissions schedules, ensuring incentives are allocated efficiently and capital is deployed where it generates the most value.

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oSAIL: A Game-Theoretic Loyalty Mechanism

Full Sail introduces oSAIL, a stay-to-earn design informed by game theory. Users who unlock their oSAIL pay a 50% exercise fee, most of which are distributed to voters. This structure makes loyalty the rational strategy, discouraging short-term exits while incentivising long-term alignment that supports the protocol’s sustainability.

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Conclusion

Through dynamic fees, vote-escrow governance, prediction-driven emissions, and the oSAIL loyalty mechanism, Full Sail resolves the inefficiencies that undermine most decentralized exchanges. It is not designed to chase hype, but to establish a durable and sustainable foundation for trading on Sui. Full Sail represents a DEX engineered to last.