Cetus Protocol is a decentralized exchange (DEX) and liquidity protocol designed to provide efficient trading between a wide range of assets. It operates on the Sui Network and Aptos blockchain, both of which are emerging ecosystems built on the Move programming language. Cetus Protocol is tailored for decentralized finance (DeFi) users, offering concentrated liquidity through its advanced liquidity management model. By allowing liquidity providers to allocate resources within custom price ranges, the protocol maximizes the efficiency of liquidity and enhances fee generation capabilities.
The protocol introduces innovative features such as Range Orders, enabling users to act as market makers and simulate limit orders. Additionally, it supports the use of Position NFTs, which offer liquidity providers a unique way to manage and trade their liquidity allocations. These features make Cetus stand out among DeFi platforms, as it prioritizes high liquidity efficiency and advanced user strategies for decentralized trading.
Cetus Protocol also features a dual-token model: its primary token, CETUS, serves as both a utility and governance token. Users can stake CETUS to receive xCETUS, an escrowed governance token granting voting rights and weekly rewards. CETUS is widely used within the platform for liquidity mining, governance, and incentivizing active participation in the ecosystem. The protocol also integrates interoperability tools like the Wormhole bridge, enabling asset migration across over 20 blockchain networks.