The high-performance Monolithic Layer1 public chain Sui will launch the Central Limit Order Book DeepBook 3.0 version next Monday (10/14), and launch the governance token $DEEP at the same time. This upgrade is expected to strengthen the liquidity foundation of the Sui order book to optimize the user experience for DeFi developers and participants.

What are the conditions for receiving the $DEEP token airdrop?

In fact, the $DEEP token TGE news was released as early as April this year. According to the official press release at the time, DeepBook has airdropped the SoulBound Token DBClaimNFT to qualified user addresses, which is displayed on the The number of NFT is the amount of $DEEP available to that address. Next Monday (10/14), DeepBook will officially open the $DEEP redemption window. At that time, DBClaimNFT holders will be able to exchange for $DEEP through the destruction of NFT.

Liquidity providers that have used the Sui decentralized exchange protocol, such as Cetus, Kriya, AfterMath or Turbo, may be the recipients of the DBClaimNFT airdrop. Participants can check whether their addresses have received the airdrop through the Sui blockchain browser. NFT.

DeepBook（$DEEP）- SoulBound Token（DBClaimNFT）Image source: Sui.io DeepBook Token Airdrop NFT

$DEEP token distribution status

$DEEP can be used to pay DeepBook transaction fees, liquidity creation and decentralized governance. The maximum supply is 10 billion, and the distribution status is as follows:

  • Community Airdrop – 10%

  • Core contributors and early investors – 28.43%

  • Ecological development – ​​61.57%

DeepBook（$DEEP）- Token AllocationImage source: DeepBook.tech $DEEP token distribution situation

The initial circulation of $DEEP will be 2.5 billion, including all airdrops (10%), core developers (1%) and ecological development (14%). The remaining 90% $DEEP will gradually be allocated within 7 years. Unlocked.

DeepBook（$DEEP）- Unlock scheduleImage source: DeepBook.tech $DEEP unlocking schedule

DeepBook’s role in the Sui DeFi ecosystem

DeepBook is the Central Limit Order Book (CLOB) in the Sui ecosystem, which can match spot buy and sell orders on the chain and provide one-stop, high efficiency, and complete integration for decentralized exchanges (DEXs). spot liquidity. Currently, exchange protocols including Cetus, AfterMath, Kriya and Turbo all rely on DeepBook as the liquidity basis of order books; this allows all spot orders of the above-mentioned DEXs to circulate with each other, which not only maximizes transaction depth, but also This enables Sui’s order book to have the smooth experience of a centralized exchange.

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