Cetus, a Dex and liquidity protocol based on the Move ecosystem, uses an algorithm similar to Uniswap V3 to build a centralized liquidity protocol, providing a series of ancillary functions to create an excellent trading experience and higher capital efficiency for DeFi users. By leveraging the unique ecological characteristics of SUI, it has created a completely different composable function from Uniswap.

Cetus has currently launched a series of complete products, covering multiple fields such as Swap, permissionless liquidity pool, cross-connection bridge, etc. This star project in the Move ecosystem has injected new vitality into the DeFi field!

Uniswap V3 marks an innovation in the Defi field. Its core lies in the introduction of the centralized liquidity market-making algorithm (CLMM), which greatly improves the capital utilization rate of LPs. However, Uniswap adopted a commercial source code license in March 2021 to limit forks of its source code, which expired in April. Although V3 alternatives launched by competitors such as Pancake and Quickswap have emerged on the EVM chain, there are relatively few competitors in the CLMM track on non-EVM high-speed chains. In the future, the competition of CLMM-type DEX will gradually shift to the operation side, and the lightly operated Uniswap may face a gradually weakening trend.

In contrast, Cetus is built by an experienced Dex team, and its APTOS version has been successfully deployed and maintained stable operation. Based on product assurance, BD strength within the ecosystem, and strong operational narrative capabilities, the Cetus team is expected to take the lead in CLMM infrastructure on SUI. This will give Cetus an important advantage in future competition.

Currently, Cetus is launching a series of airdrop activities, and the official has stated that it will provide millions of Cetus as airdrop rewards.
The activities that have been launched are as follows: According to BlockBeats, on November 13, according to Deflama data, Sui's current TVL has exceeded 120 million US dollars. Among them, CLMM DEX protocol Cetus accounts for nearly 50% of the total SUI pledge.

As a pioneer DEX and centralized liquidity protocol built on the Sui network, Cetus' mission is to build a powerful and flexible underlying liquidity network to make transactions more convenient 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 a centralized liquidity protocol and a series of affiliated interoperable functional modules.

Dear members of Cetus Protocol! We are excited to announce that Cetus Protocol has become the most powerful link in the Sui ecosystem. In order to enhance the brand influence of Cetus Protocol, we would like to express our sincere gratitude to Ouyi and members!

As the Sui ecosystem continues to prosper, CetusProtocol is also making continuous progress. Now CetusProtocol has entered a stage of rapid development, with a TVL of $43.5 million, accounting for 1/3 of Sui's overall TVL, and has become an irreplaceable and important part of the Sui ecosystem.

Being able to become the leading pillar of Sui Ecosystem is the joint efforts of all members who support Cetus Protocol. Now it is time to give back. Cetus Protocol has prepared generous gifts for all members. A total of 6 million Cetus tokens will be distributed in 3 phases.

1 million Cetus tokens will be issued in the first phase

2 million Cetus tokens will be issued in the second phase

3 million Cetus tokens will be issued in the third phase

In the first phase, Cetus Protocol will issue 1 million Cetus tokens and draw a total of 10,000 Cetus Protocol members. Each member will receive 92 Cetus tokens. We hope to provide a hearty breakfast for those of you who are busy, and add a touch of warmth to your busy work!

Cetus Protocol sincerely invites you to participate in this event, and hopes that you will share this opportunity with more busy friends so that they can share this warmth together!

The first phase activity rules are as follows:

  • Time to collect UID: November 13, 22:00

  • Release time: November 14, 20:00

  • How to participate: Provide your Euroyi Exchange UID to the Cetus Protocol official Telegram group. We will only count 10,000 UIDs and distribute them, and each UID will receive 92 Cetus tokens!

How to receive: Log in and submit your UID, then wait for the Ouyi Exchange to issue tokens!

The first round of airdrops 92Cetus/person = $7 There are 10,000 airdrops in this round, and they will be given away until all are gone

Just fill in the form and wait: https://hk.mikecrm.com/zgRC46U

Chinese official Telegram group: https://t.me/CetusProtocolGroup

Ouyi UID copying process: Open Ouyi and click the upper left corner

Click on personal and data settings, find UID and copy it!

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