«Візьміть участь у самообслуговуванні та станьте акціонером Cetus»
Найпопулярнішою валютою у 2024 році буде «SUI», яка лише за два місяці зросла більш ніж у 4 рази, а також відома як нове покоління вбивці Solana. SUI побудований на платформі блокчейну рівня 1 і зосереджений на ефективній масштабованості та розробці децентралізованих додатків (DApps). Він використовує спеціальну мову програмування під назвою «Move» і має можливості паралельної обробки транзакцій для підвищення швидкості та безпеки.
Протокол Cetus, побудований на основі екосистеми SUI, є DEX, який використовує централізовану ліквідність у блокчейнах Sui та Aptos для підвищення ефективності транзакцій і управління ліквідністю користувачів DeFi за допомогою інноваційних функцій і моделей.
The mission is to create a robust and flexible underlying liquidity network that makes trading for any user and asset easier. Unlike traditional Automated Market Maker (AMM) protocols, Cetus introduces the concept of concentrated liquidity. This allows liquidity providers to strategically allocate their assets within a customized price range.
This innovation not only significantly reduces the underutilization of liquidity in traditional AMM pools but also enhances trading efficiency, providing liquidity providers with higher fee returns. Moreover, Cetus is committed to offering DeFi users the best trading experience and exceptional liquidity efficiency by establishing concentrated liquidity protocols and a series of interoperable feature modules.
The liquidity of the entire Sui ecosystem is now within reach. In addition to utilizing the native liquidity on the Cetus protocol, the Cetus Plus aggregator seamlessly integrates liquidity from all major sources on the Sui network, including DeepBook, Kriya, FlowX, Aftermath, and Turbos. As the Sui ecosystem continues to develop, more valuable liquidity venues will be integrated in the future.
Cetus Features
Concentrated liquidity: As a trading platform, Cetus has functionalities similar to Uniswap V3, featuring a concentrated liquidity model. Users can choose specific price ranges when providing liquidity to maximize capital efficiency. Cetus offers users four options for setting liquidity ranges:
1. Conservative range: Suitable for users who prefer lower risk and stable returns.
2. Active range: Suitable for users seeking higher returns but with potentially greater risks.
3. Full range: Covers the entire price range, catering to a wide market.
4. Custom range: Users can define their specific range according to their strategy and risk tolerance.
Cetus Token Model
Currently, the token distribution of Cetus is as follows:
1. 50% allocated to the community: Mainly used for liquidity incentive programs.
2. 20% allocated to the team and advisors: There is a 12-month lock-up period, followed by a linear vesting over the next 24 months.
3. 15% allocated to investors: 6 months lock-up period, followed by a linear release over the next 12 months.
4. 15% allocated for initial liquidity, long-term community incentives, and insurance fund.
xCETUS governance incentive model
To better facilitate governance and development, Cetus has designed a token mechanism for $CETUS and $xCETUS. CETUS and xCETUS can be converted into each other, but the process and rules differ based on the direction of conversion.
1. Conversion from CETUS to xCETUS CETUS can be converted to xCETUS instantly at any time. The conversion ratio is 1:1.
2. The process of converting xCETUS back to CETUS involves vesting. The duration of the vesting is chosen by the user. The conversion ratio will increase proportionally based on the exercise period chosen by the user:
● The shortest redemption period of 15 days offers a 1:0.5 conversion ratio.
● The longest exercise period of 180 days offers a 1:1 conversion ratio.
● Users will not receive CETUS until the vesting period of the redemption is completely over.
● Liquidity miners locking xCETUS can earn additional rewards, with reward multipliers ranging from 1.25x to 2.5x.
When the vesting period chosen by the user is shorter than the maximum allowable period (redemption rate <1:1), any unclaimed remaining CETUS tokens will be forfeited at the end of the vesting period and completion of the redemption process. The forfeited portion will be transferred to the ecosystem treasury for integrating insurance funds and long-term community incentives for the protocol.
3. Cancel redemption
Before the exercise period of the redemption request ends, users can freely cancel the redemption. In this case, the user will recover the full amount of the xCETUS they redeemed but will not recover CETUS.
How to join xCETUS staking
Start staking (convert CETUS to xCETUS)
1. Connect your wallet on the Cetus web application: https://app.cetus.zone/, then navigate to the xCETUS dashboard page.
2. Click 'Connect' in the upper right corner of the page to connect your wallet. You can use OKX Wallet; to apply for OKX Wallet, refer to the video.
3. In the conversion panel next to xCETUS, switch to 'Get xCETUS', then enter the amount of CETUS you want to convert to xCETUS. Click the 'Convert' button to continue.
4. A pop-up window will inform you of the redemption policy.
5. Once CETUS is converted to xCETUS, you have joined xCETUS staking. Rewards will be received weekly. You can see the countdown to the next reward distribution on the staking page. After each distribution is completed, you can click the 'Claim' button to collect your rewards.
6. One of the new updates for xCETUS staking is that staking rewards are now distributed in three asset forms, including SUI, CETUS, and USDC. This can provide users with a mixed staking yield combination. All rewards are supported by organic trading fees generated by the Cetus protocol. As trading activity on Sui grows, all stakers can earn more.
7. In addition to earning staking rewards, your xCETUS balance will grant you a range of rights and privileges regarding Cetus, such as Launchpad participation privileges, potential airdrops from Cetus partners, and most importantly, governance voting rights and a future potential shareholder status with revenue sharing.
Redeem from xCETUS to CETUS
8. If you want to redeem your CETUS, you can start the redemption process at any time. Just switch to the 'Redeem CETUS' on the page.
9. Please note that your redemption will have a vesting period, which can range from 15 days to 180 days, depending on your choice. Different vesting periods have different redemption ratios. The redemption ratio increases proportionally with the exercise period chosen by the user. The longest exercise period of 180 days offers a 1:1 redemption ratio, while the shortest (15 days) offers a 1:0.5 redemption ratio.
10. After confirming the vesting period and entering the amount of xCETUS, you can see how much CETUS you will be able to receive after the vesting period ends. If you confirm, please click 'Redeem'.
11. After confirming your redemption request, a record of your unstaking will appear on your page. You can claim your CETUS after the vesting period ends. Additionally, if you decide to reactivate your xCETUS, you can 'cancel' your redemption at any time before the vesting ends.
