Dear Users:

Binance will list Cow Protocol (COW) and Cetus Protocol (CETUS) on November 6, 2024, at 20:00 (UTC+8) and open the following spot trading pairs. We invite you to experience it!

Spot Trading Pairs:

COW/USDT, CETUS/USDT

COW, CETUS recharge channel is now open

Opening Hours:

November 7, 2024, 20:00 (UTC+8)

Project Introduction

CoW Protocol

Basic Information:

Operating Mechanism: Users on this protocol do not execute transactions directly on-chain but first sign their trading intent. The protocol will batch the users' trading intents together with others. Then, third-party entities known as 'solvers' are responsible for finding the best execution path for the trading intents. When executing the trading intents, solvers first attempt to find a 'Coincidence of Wants (COW)' within the existing batch to offer optimal pricing over any on-chain liquidity. If no COW is found, solvers will search all available on-chain and off-chain liquidity to find the best prices for a set of trading intents in the batch. Its liquidity sources are very diverse, including various AMMs (such as Uniswap, Sushiswap, Balancer, Curve, etc.), DEX aggregators (such as 1inch, Paraswap, Matcha, etc.), and private market makers.

Advantages: The batch auction mechanism is one of the core advantages of this protocol. This approach not only allows users to achieve better pricing but also helps reduce gas costs and execution risks. In addition, the COW Protocol adopts a completely permissionless structure, allowing users to participate seamlessly and inclusively, granting them governance and management rights over the infrastructure of the protocol ecosystem, and users holding COW tokens can enjoy additional benefits such as fee discounts when trading on platforms like Cowswap.

Market Performance:

According to CoinMarketCap data, as of November 2024, market indicators such as price, market capitalization, and trading volume of COW are constantly changing. The project has a certain level of recognition and influence in the cryptocurrency market, and its development has attracted attention from many investors and users.

Cetus Protocol

Basic Information: Cetus Protocol is a decentralized trading protocol based on the Sui blockchain. Sui is a blockchain platform with high performance and scalability, and Cetus Protocol aims to leverage Sui's advantages to provide users with efficient and secure decentralized financial services.

Operating Mechanism:

This protocol has some unique features. First, it employs a highly customizable constant product market maker model (CLMM) liquidity protocol, allowing users to execute almost all complex trading strategies that can be realized on centralized exchanges through flexibly combined swaps, range orders, and limit orders. Second, the Cetus Protocol emphasizes the concept of 'liquidity as a service', focusing on product integrability, making it easier for developers and other applications to access its liquidity to build their own products.

Advantages:

Advantages include permissionless access, programmability, composability, and sustainability. Permissionless means that users or other applications can use its protocol at any time; programmability allows users to implement complex trading strategies; composability facilitates integration with other projects; and its dual-token model (Cetus and xCetus) provides long-term and dynamic incentives through protocol revenues to reward active participants.

Market Performance:

As of November 2024, Cetus Protocol has a certain level of activity in the cryptocurrency market, with its price and trading volume fluctuating based on market conditions. Its total circulating supply is 280 million tokens, with a total issuance of up to 1 billion tokens. Although current market performance is volatile, its listing on multiple exchanges indicates a certain level of market recognition.
#COW #CETUS