Today we’re taking a look at a project that I’m really into!
Cetus Protocol is the king of dual-chain liquidity protocols. Its token is Cetus, and it was also launched on the world's largest exchange a while ago.
From the 0.04 level in the second half of last year during the altcoin bear market to the current 0.31 level, the highest point was 0.4573, which brought a return of over 1000% in half a year. The current market value of Cetus coin has reached 197 million US dollars, and the current market value ranks 321st. Let's take a look at what Cetus is all about!
Introduction
Cetus is a pioneering DEX and centralized liquidity protocol built on the Sui and Aptos blockchains. Cetus' mission is to build a powerful and flexible underlying liquidity network to make trading easier for any user and asset. It focuses on providing DeFi users with the best trading experience and excellent liquidity efficiency through the process of building its centralized liquidity protocol and a series of alliance interoperable functional modules.
Practical application of the project
Permissionless: All major tools and features on Cetus are basically built to permissionless standards. It allows users or other applications to use its protocol for their own use cases at any time. Whether it is to build a new trading pool or allocate incentives to rent liquidity to the public.
Programmable: Cetus is building a highly customizable liquidity protocol based on CLMM. Through a flexible combination of overnight interest, range orders, and limit orders, users can execute almost any complex trading strategy that can be implemented on CEX. In addition, liquidity providers are also able to use CLMM to execute various Maker strategies to maximize their liquidity efficiency.
Composability: Cetus believes in the concept of "liquidity as a service" and therefore emphasizes ease of integration when building its products. Developers and applications can easily access liquidity on Cetus to build their own products, such as liquidity vaults, derivatives, leveraged mining, etc. New project teams can also easily set up a swap interface on their own front end by integrating the Cetus SDK, which will help them really quickly obtain liquidity on Cetus and even the entire market.
Sustainability: Cetus adopts a dual-token model driven by CETUS and xCETUS. Implementing long-term and dynamic incentives sustained by protocol revenue to reward active participants in the protocol. It hopes to ensure that the real contributors to the protocol can be effectively incentivized by the scientific token economy.
Project Background
Cetus completed its seed round of financing on May 2, 2023, led by many financial giants.
Project ecology and competition
First of all, the ecosystem of Sui and APT is slowly increasing, and Cetus' TVL still ranks among the top three, and its competitiveness is still very strong.
His TVL has been very strong recently. There has been a slight pullback at present, which is also because the market has been volatile recently. I believe that when the bull market comes, his performance will be very strong.
Moreover, the APR yield of Pools on Cetus is also very considerable. I believe that with the arrival of the bull market, more people will use Cetus and hold Cetus.
Cetus Token Economic Model
Max supply: 1 billion.
Currently 63% has been unlocked, the token distribution is reasonable, and the group members don’t get too much.
Token unlocking:
Currently, 0.8% will be unlocked on the 10th of each month until May 10, 2026. For a value coin, 0.8% per month is not much, after all, the market value is low, the value is high, and it has practical uses!
Summarize
Now we find that more and more projects are beginning to use the Move language to develop various blockchain ecosystems and projects. Even some old L1 and L2 are beginning to consider using Move to develop projects again. This indirection also expresses the power of Move.
Cetus will serve as an important part of the underlying infrastructure of the Move ecosystem to meet the diverse needs of traders, liquidity providers, second-layer protocols, and various DeFi user groups. It can reflect the importance of Cetus and its future development potential!
As mentioned in the previous article, Sui is likely to surpass Sol. Compared with Sol's leading liquidity protocol, their market value has even reached more than 10 billion. Cetus currently has a market value of only more than 100 million, and Cetus is also a dual-chain liquidity protocol. APT, as the second echelon, is also very likely to come out, so I am very optimistic about Cetus. I have already ambushed at 0.04, and my leverage has already increased by more than ten times, but after the recent correction, I think it is still worth investing. Finally, I would like to say that this coin is a pure value coin, I hope you don't miss it!
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