Pumex

Pumex is a MetaDEX on Injective that organises trading and incentives through a modular engine, hooks and automated liquidity management. The hooks-enabled architecture lets pools gain dynamic fees, order-type modules and safety rails without migrating liquidity, while the market-making side plugs into a library of strategies run by automated liquidity managers, covering narrow ranges, wide ranges, stable pairs and single-sided positions.

Incentives are organised around vePMX: holders lock tokens for voting power and vote weekly on which pools receive emissions, trading fees flow back to voters under gauge policy, and protocols can add incentives to attract those votes. Routing simulates each path before execution, compares net output after fees, price impact and gas, and applies a minimum-received guard with atomic fallback if a path reverts. The project is listed in Injective's official ecosystem DeFi guide and is oriented towards initial depth for newly listed assets.