Project Status
Pumex is a live, deployed protocol on Injective mainnet. This page clarifies what is active today, what is coming at full protocol launch, and the directional roadmap.
Pumex is live on Injective mainnet. It is not a testnet.
Current Phase
Pumex is in its early-stage, pre-TGE phase — the core DEX is deployed and operational on Injective mainnet, while the token economy is not yet active.
What is live now
- Swap — users can trade any supported pair on InjectiveEVM today. See Swap.
- Liquidity provision — concentrated liquidity and classic full-range pools are open. LPs can deposit and earn trading fees.
- Smart routing — the best-execution engine is live, routing each trade across pool types for optimal output.
What activates at full protocol launch
- PMX token — the PMX TGE (Token Generation Event) has not happened yet. The token does not exist on-chain.
- oPMX emissions — option-token LP rewards begin at full launch.
- vePMX governance and reward distribution — vote-escrow locking, gauge voting, and protocol revenue sharing activate when the token economy goes live.
Pre-TGE explained: the protocol runs without a native token right now. When the TGE occurs, PMX launches, LP emissions begin, and vePMX holders gain the ability to direct incentives and receive protocol revenue. Until then, the DEX operates on trading fees alone.
Initiation Campaign
The Initiation Campaign is Pumex's first structured program for early participants — a points-and-badges campaign designed to reward:
- Early liquidity providers — LPs who deposit during the pre-TGE phase accumulate points reflecting their contribution to early protocol liquidity.
- Community participation — engagement and community-building activity earns additional recognition.
The Initiation Campaign is part of the team's ramp-up toward full protocol launch, building a base of active LPs and community members ahead of the TGE.
Roadmap
The roadmap below is directional. No dates are committed — milestones are sequenced by dependency, not by schedule.
| Phase | Status | What it means |
|---|---|---|
| Mainnet live, pre-TGE | Now | DEX is deployed; swap and LP are open; Initiation Campaign rewards early participants. |
| Full protocol launch | Upcoming | TGE occurs — PMX launches, oPMX emissions begin, vePMX locking and governance activate. |
| Ecosystem growth | Future | Deeper integrations within the Injective ecosystem, expanding Pumex's role as the primary liquidity layer on InjectiveEVM. |
For a broader introduction to what Pumex is and how it works, see About Pumex.