What is Cetus Protocol (CETUS)?
Cetus Protocol (CETUS) is a decentralised exchange (DEX) and concentrated liquidity protocol that operates on the Sui and Aptos blockchains. This innovative platform has been specifically designed to offer a seamless trading experience while prioritising interoperability and user-centric features.
Key Features of Cetus Protocol
Cetus Protocol leverages the Concentrated Liquidity Market Maker (CLMM) model, which allows users to trade assets with maximum efficiency. Some of the notable features of Cetus include:
- Range Orders: Users can set specific price ranges for their trades, enhancing control over trading strategies.
- Position NFTs: These unique tokens allow liquidity providers to optimise fee generation and manage their positions effectively.
Cetus Protocol as a Launch Partner on Sui
As Sui’s official launch partner, Cetus Protocol has quickly established itself as one of the most popular DEXes on the network, gauged by metrics such as trading volume, total value locked (TVL), and number of active users. This partnership showcases Cetus’s commitment to leveraging the capabilities of the Sui blockchain to deliver enhanced services.
CETUS Token: Governance and Incentives
The CETUS token is the native currency of the protocol, serving two main purposes: governance and economic incentives. CETUS holders can participate in governance decisions, influencing the future of the protocol. Additionally, users can earn CETUS by participating in liquidity pools or by using the platform’s advanced trading features.
Revolutionising DeFi with Cetus Protocol
Cetus Protocol aims to transform the decentralised finance (DeFi) landscape by creating a permissionless and flexible liquidity network. This platform enhances trading and liquidity efficiency for DeFi users, making it a noteworthy player in the growing DEX market.
Reputable Sources and Further Information
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