Starting from 10:30 AM UTC on May 10th, we officially list Cetus Protocol (CETUS) on the ONUS application. Soon after CETUS is added, users can perform the following features:
- Off-chain transactions: Send and receive CETUS with other users in the ONUS network.
- Trade: Swap from VNDC or USDT to CETUS and vice versa.
About Cetus Protocol
Cetus is a pioneer DEX and concentrated liquidity protocol built on the Sui and Aptos blockchain. The mission of Cetus is building a powerful and flexible underlying liquidity network to make trading easier for any users and assets. It focuses on delivering the best trading experience and superior liquidity efficiency to DeFi users through the process of building its concentrated liquidity protocol and a series of affiliate interoperable functional modules.
Concentrated liquidity is the liquidity allocated within a specified price range. A concentrated liquidity protocol like Cetus allows liquidity providers to contribute their liquidity within their custom price ranges. By concentrating liquidity in an active price range, LPs can earn transaction fees more efficiently. Traders can enjoy low-slippage trading around the spot price during their swaps.
In addition, developers can easily build their own products and tip into the most efficient liquidity source of Cetus by integrating with its openly-accessible smart contracts and SDKs.
Website: https://www.cetus.zone/
What is CETUS?
CETUS is a native token of the Cetus Protocol ecosystem, operating on Sui, and can be used to:
- Participate in the governance process of the platform.
- Reward users for participating in yield farming and other liquidity incentivization schemes.
- Provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on Cetus.
Specifications
- Name: Cetus Protocol
- Symbol: CETUS
- Platform: Sui
- Type: Utility, Governance
