🌊💫 Exploring Cetus Protocol: Redefining Liquidity in DeFi! 💰🔄
🚀 Let's dive into key features and potential of #CETUS in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Cetus Protocol is a decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchain. It aims to build a powerful and flexible underlying liquidity network to make trading easier for any users and assets
2️⃣ Technology and Features: Cetus Protocol introduces a novel concentrated liquidity model to improve capital efficiency for liquidity providers and reduce slippage for traders. It utilizes a permissionless on-chain infrastructure based on smart contracts and open-source code. It also offers developers and projects easy plug-and-play access to its liquidity pools through APIs and SDKs.
3️⃣ Whitepaper Analysis: Cetus is a pioneer DEX and concentrated liquidity protocol built on the Sui and Aptos blockchain. The mission of Cetus is building a powerful and flexible underlying liquidity network to make trading easier for any users and assets.
4️⃣ Use Case: Cetus Protocol caters to several audiences: Traders, Liquidity Providers, Developers, and Projects. CETUS is the native protocol token of Cetus protocol. Users can earn it through liquidity mining on Cetus. xCETUS is a non-transferable escrowed governance token, corresponding to staked CETUS.
5️⃣ Team and Leadership: The protocol was conceptualized and launched by Cetus Labs, a team focused on building cutting-edge trading primitives for the Move ecosystem. The engagement of Henry Du, a Cetus co-founder, in this partnership demonstrates the project’s leadership.
6️⃣ Partnerships: Cetus Protocol has secured partnerships with prominent institutions in the industry, such as Comma3 Ventures, NGC Ventures, Animoca Ventures, IDG Capital, Leland Ventures, AC Capital, Adaverse, Coin98 Ventures, etc.
7️⃣ Security and Audits: Cetus Protocol ensures the security of user assets through multi-layered encryption and risk management measures. It has undergone a complete smart contract and code audit by two security audit firms, CoinFabrik and Least Authority. It also has a bug bounty program in place.
8️⃣ Tokenomics: Cetus Protocol has a circulating supply of 319.29 million CETUS coins and a max. supply of 1000 million CETUS coins. The token can initially be earned only via participation in on-platform activities, specifically through liquidity mining.
9️⃣ Exchanges: CETUS tokens can be traded on centralized crypto exchanges like OKX, Gate.io, MEXC, KuCoin and many more.
🔟 Recent Developments: Cetus was initially launched as an AMM platform in late 2022 on Aptos and Sui. In early 2023, the DEX upgraded its functionality to CLMM on both chains.
1️⃣1️⃣ Conclusion: Cetus Protocol is a promising project in the DeFi space, offering a unique concentrated liquidity model. It provides a robust and flexible liquidity network, catering to a wide range of users. While it’s still in its early stages, the project has shown significant potential and is backed by a strong team and notable partnerships.
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