Cetus Protocol (CETUS)

Trading and Liquidity

Cetus Protocol is a decentralized exchange (DEX) and liquidity protocol built on the Sui and Aptos blockchains. It uses a Concentrated Liquidity Market Maker (CLMM) model, allowing users to add liquidity within specific price ranges. This helps improve capital efficiency and trading flexibility.

Features for Users

Users can create trading pools, swap tokens, and execute complex trading strategies like range orders and limit orders. These features make it possible to perform advanced trades similar to those on centralized exchanges.

Developer Integration

Cetus Protocol offers permissionless and programmable tools, enabling developers to build their own applications and services on top of its liquidity network. It supports easy integration and composability for various DeFi use cases.

Token Utility

The CETUS token is used for governance, staking (via xCETUS), and participation in the protocol’s ecosystem. It rewards active users and helps maintain the protocol’s sustainability.

Ecosystem Role

Cetus aims to be a powerful and flexible liquidity network that simplifies trading for users and assets, enhancing the overall DeFi experience on the Sui and Aptos blockchains.

Pros

• Innovative Liquidity Model: Cetus Protocol uses a Concentrated Liquidity Market Maker (CLMM) model, which helps liquidity providers earn more fees by focusing liquidity in specific price ranges.
• Built on Sui and Aptos Blockchains: This allows for fast and efficient trading with lower fees.
• Flexible Trading Options: Users can create complex trading strategies like swaps, range orders, and limit orders, similar to centralized exchanges.
• Permissionless and Programmable: Anyone can create trading pools or allocate incentives without needing permission, and developers can build custom applications on top of the protocol.
• Double-Token Model: Uses CETUS and xCETUS tokens to reward active participants and support long-term sustainability.
• Strong Integration Focus: Designed to be easy for developers to integrate liquidity services into their own apps.

Cons

• Price Volatility: CETUS token price has shown declines recently and can be volatile, similar to many DeFi tokens.
• Security Incident: Cetus Protocol experienced a major hack where $223 million was stolen, which affected user confidence.
• Market Performance: The token has underperformed compared to the overall crypto market and other DeFi projects in recent weeks.
• Relatively New: As a newer protocol, it may have less adoption and liquidity compared to more established DEXs.

For more details, visit the official website: https://www.cetus.zone/

Founders

Cetus Protocol was founded by Henry Du.

Team and Leadership

Henry Du is recognized as a co-founder and a key leader involved in partnerships and development of the protocol.

Project Background

Cetus Protocol is a decentralized exchange (DEX) and concentrated liquidity protocol built on the Sui and Aptos blockchains, focusing on improving trading experience and liquidity efficiency in DeFi.

Key Investors in Cetus Protocol

• KuCoin Ventures: A well-known crypto exchange's investment arm supporting blockchain projects.
• Coin98 Ventures: A venture capital firm focused on DeFi and blockchain startups.
• OKX Blockdream Ventures: The investment branch of the OKX exchange, backing innovative crypto projects.
• Animoca Brands: A major investor in blockchain gaming and Web3 projects.
• Jump Crypto: A crypto-focused investment firm.
• NGC Ventures: A global blockchain investment company.
• IDG Capital: A venture capital firm investing in technology and blockchain.
• ViaBTC Capital: An investment fund linked to the ViaBTC mining pool.
• AC Capital: A venture capital firm active in crypto investments.
• Assembly Partners: An investment group supporting blockchain technology.
• Adaverse: A venture capital firm investing in blockchain and crypto projects.
• Comma3 Ventures: A crypto-focused investment firm.
• Sui Foundation: Supporting projects built on the Sui blockchain.

These investors participated mainly in the seed funding round and strategic fundraising for Cetus Protocol.

Halal Status of Cetus Protocol

• Yes: According to Shariah analysis sources like Sharlife, Cetus Protocol is considered halal because it operates as a decentralized exchange and liquidity protocol without involving interest (riba), gambling, or prohibited activities. It focuses on providing liquidity and trading services in a way that aligns with Islamic finance principles.