A Brief Interpretation: How Deep Became the Sui DeFi Protocol Support

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$SUI , as the most robust and attractive coin of the year, has not only brought substantial profits to secondary market participants, but the primary market is now also extremely hot. In this article, we will explore what #DEEP has brought and why attention should be paid to the issuance of deep!

Highlights Summary:

1. DEEP increases the depth of Sui DeFi, enjoying shared liquidity

2. Faster execution speed and reduced slippage

3. Dynamic gas, lowering transaction costs

4. Management rights of staking

It is evident that DEEP plays a core role in the Sui DeFi ecosystem, while DeepBook is the pillar of Sui DeFi liquidity.

DeepBook is an open-source central limit order book that can serve as a liquidity source for any Sui DeFi protocol. Its open-source smart contracts allow for easy integration of the protocol while ensuring transparency. Functionally, DeepBook supports market orders and limit orders, providing traders with multiple options.

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What is the use of the $DEEP token?

As @DeepBookonSui approaches its mainnet launch, let’s analyze the practicality and value of the $DEEP token.

A. More convenient, no need to interact with DeepBook, but rather through DEX and aggregators.

B. Holding $DEEP is crucial as they need to stake it to receive fee discounts and increase profits.

C. Market makers do not simply rely on rebates; they profit through spread trading.

Staking $DEEP is essential for obtaining fee discounts and maximizing profits. At the same time, regularly burning $DEEP will reduce the token supply.