Introduce an improved version of ve (3,3) x (3,3) DEX - @ RamseExchange @RamseExchange was created by the core team of ve (3,3) on the Sonic chain, @ ShadowOnSonic, with the aim of bringing Shadow's talent to @ HyperliquidX's HyperEVM. <WTF is (3,3) & ve(3,3) & x(3,3) ? > The concept originates from the prisoner's dilemma in game theory, where both parties cooperate to achieve Pareto optimality. Extending to crypto, where both parties hold is the optimal solution. Ve (3,3) was first proposed by AC in 2022 and applied to Solidly, with the core being to lock the protocol's native token as veToken to obtain voting rights and revenue sharing; Token lock in exchange for voting rights+voting guided emissions+bribery to purchase liquidity. The core of x (3,3) lies in optimizing the structural problems of ve (3,3) - forced lock-in and infinite inflation. The liquidity depletion and price discovery failure caused by the mandatory lock up mechanism were the main culprits behind Solidly's ultimate collapse; The unlimited inflation mechanism greatly amplifies the risk of panic unlocking of locked in tokens. Application of Ramses x (3,3) Mechanism - HyperRAM According to Ramses' official documentation: HyperRAM = hyper-efficient DEX + x(3,3) + Hyperliquid aligned. Deconstructing the 3 Core Components of HyperRAM: 1/ hyper-efficient DEX Ultra high performance DEX, with the core of maximizing MEV value capture and 100% feedback to protocol users through the x (3,3) mechanism. Based on the deep integration with HyperCore, Hyperliquid spot market atomic execution captures value ahead of external MEV bots, achieving CEX level arbitrage (CEX-DEX arbitrage/cross defi platform arbitrage/HyperCore HyperEVM inter arbitrage). 2/ Hyperliquid aligned Align with @ HyperliquidX to form a community of shared interests. Reflected in two aspects: On the demand side: Ramses protocol revenue is used to repurchase HYPE and return it as a reward to the protocol's native token pledger (xRAM holder), with all rewards denominated in HYPE; Supply side: 30% of the initial supply of native tokens will be airdropped to core users in the Hyperliquid community, including Hypurr NFT holders and RXP point holders. 3/ x(3,3) The core gameplay of the ve (3,3) model is lock up profit sharing and rebase anti dilution; The core gameplay of the x (3,3) model lies in the dynamic incentives of entry/exit combustion and immediate exit liquidity. In plain language: XRAM represents the "original stock" assets of the protocol, which can receive 100% protocol revenue+voting incentives+MEV revenue; Converting RAM to xRAM requires burning 50% of tokens. Unlike veToken, xRAM does not require sacrificing liquidity and can be exited at any time. Two exit paths: Path one is to directly convert to RAM, which also requires burning 50% of the tokens; Path two is the lossless conversion to the xRAM liquid staking token hyperRAM. Ve (3,3) model=false deflation, true dilution; X (3,3)=true combustion, true flow For more detailed gameplay mechanics of x (3,3), please refer to Ramses' official doc, which will not be elaborated here. <Several Potential Positive Points> The core team behind it, DeFi Ponzi, has extensive experience in creating many (3,3) DEX disks. Apart from @ ShadowOnSonic, Linea's @ etherexfi and Avax's @ PharaohExchange are both created by them; Deploying on HyperEVM, there is currently no similar (3,3) DEX on the chain, which has a certain degree of first mover advantage There aren't many KOLs discussing this project on CT, so it's a niche topic. Note: The DeFi project carries significant risks, and this article is only for project sharing purposes without any investment advice. Dyor.