Cetus Protocol is a decentralized exchange (DEX) built on the Sui and Aptos blockchains, leveraging the Concentrated Liquidity Market Maker (CLMM) mechanism. As a permissionless DEX, Cetus grants all users access to liquidity creation and trading.
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Cetus Protocol Homepage. Source: cetus.zone
Users can connect via various wallets depending on the chosen blockchain:
- Sui Chain: Sui Wallet, Suiet, Fewcha, Martian, OKX, Morphis, Ehtos, and Spacecy.
- Aptos Chain: Coin98, Martian, Petra, BitKeep, Rise, OpenBlock, Trust, TokenPocket, and more.
Cetus Protocol: Products, Revenue, and Features
Product Suite
Cetus Protocol offers a comprehensive suite of products:
- Swap: Facilitates seamless token swaps with low fees and fast transaction speeds, complemented by real-time price charts and token rates.
Cetus Swap Interface
- Concentrated Pools: Enables liquidity providers (LPs) to concentrate their liquidity within specific price ranges, maximizing capital efficiency and earning fees through strategic maker activities. Cetus offers four fee tiers (0.01%, 0.05%, 0.25%, and 1%) and supports multiple pools for the same token pair.
Cetus Protocol Pools Interface
Cetus offers four distinct price range modes for varying risk appetites and return expectations: Conservative, Active, Full Range, and Custom. Each liquidity position is represented by an NFT containing relevant position details.
Cetus Protocol Range Pool ModesCetus Protocol Range Pool Modes
- Launchpad: A platform for Initial DEX Offerings (IDOs), currently featuring the CETUS token sale. Users can stake SUI tokens to participate.
Cetus Protocol Launchpad Interface
- Bridge (Portal Bridge Integration): Enables seamless cross-chain asset transfer (tokens and NFTs) between various blockchains using the Portal Bridge platform.
Portal Bridge on Cetus ProtocolPortal Bridge Integration on Cetus Protocol
- Stats: Provides key performance indicators (KPIs) such as trading volume, Total Value Locked (TVL), top pools, and leading tokens, offering insights into market trends and project performance.
Cetus Protocol Stats Interface across Sui and Aptos Chains
Revenue Model
While Cetus doesn’t explicitly state its revenue figures, the protocol retains 20% of swap fees for operational sustainability. As of May 8, 2023, the total trading volume on Cetus reached $6,824,786.12 (Sui Chain) and $10,766.14 (Aptos Chain).
Cetus Protocol: Competitive Advantages
Key advantages of Cetus Protocol include:
- CLMM Efficiency: Concentrated liquidity empowers LPs with greater capital efficiency and fee earning potential.
- Cetus SDK: Facilitates seamless integration and utilization of Cetus’ liquidity by other projects.
- Cross-Chain Presence: Operating on both Aptos and Sui provides access to a broader user base and potential partnerships.
CETUS Token: An In-Depth Analysis
Key Metrics
- Token Name: Cetus Protocol
- Ticker: CETUS
- Blockchain: Sui
- Token Contract: 0x6864a6f921804860930db6ddbe2e16acdf8504495ea7481637a1c8b9a8fe54b::cetus::CETUS
- Token Type: Utility
- Total Supply: 1,000,000,000 CETUS
Use Cases
CETUS token functionalities include:
- Governance: Protocol governance rights.
- Utility: Utilized within the Cetus Protocol ecosystem.
- Staking (xCETUS): Staked CETUS converts to xCETUS, granting governance rights, farm boosting, and launchpad participation.
Token Allocation and Release Schedule
- Community & LP (50%): Distributed via farming and liquidity incentives.
- Team & Advisors (20%): 12-month lockup, followed by quarterly vesting over 24 months.
- Investors (15%): 6-month lockup, followed by quarterly vesting over 12 months.
- Eco Treasury (15%): Allocated for initial liquidity, long-term community campaigns, and an insurance fund.
Token Sale and Availability
The CETUS IDO was conducted on the Cetus Launchpad. Cetus is listed on KuCoin and OKX.
Wallet Support
CETUS can be stored in Sui and Aptos compatible wallets, including Coin98 Super Wallet, Sui Wallet, OKX Wallet, and Martian Wallet.
Roadmap and Updates
Cetus has achieved several milestones, including launching on Aptos and Sui Mainnets, integrating Wormhole Bridge, and securing funding in a Seed Round. A detailed roadmap has not been published.
Investors and Partners
Cetus Strategic Partners within the Sui Ecosystem. Source: Sui News
Cetus Protocol’s Seed Round attracted notable investors such as Kucoin Ventures, Coin98 Ventures, and Jump Crypto. The project boasts partnerships across various sectors, including social platforms, Web3 wallets, and NFT marketplaces. Cetus collaborates with projects within the Sui ecosystem like Morphis, Tocen, and Mobius.
Similar Projects
Cetus operates in a similar space as other CLMM-based DEXs like Uniswap, Trader Joe, Suiswap, Turbos, and OwlSwap.
