Cetus Protocol Completed Its Seed Round Fundraising

Cetus Protocol completed its seed round fundraising led by OKX Ventures and Kucoin Ventures.

Cetus Protocol Completed Its Seed Round Fundraising

Cetus, which is a decentralized exchange and concentrated liquidity protocol established on Sui and Aptos, has recently concluded its seed round funding, with OKX Ventures and KuCoin Ventures as the main investors, and a number of notable institutions in the field, including NGC Ventures, Comma3 Ventures, Animoca Ventures, AC Capital, Leland Ventures, IDG Capital, Coin98 Ventures, and Adaverse, participating in the funding.

Cetus aims to create a potent and adaptable underlying liquidity network that will make trading easier for all types of users and assets. As a leading decentralized exchange on Sui and Aptos, Cetus is focused on providing the best trading experience and superior liquidity efficiency to DeFi users, through the creation of its concentrated liquidity protocol and various affiliate interoperable functional modules.

The funds received from the seed round will be utilized to support the initial development and expansion of the platform, as well as to enhance its market presence and customer base. This is a significant milestone for Cetus as it strives to further develop its DeFi infrastructure based on concentrated liquidity and serve as a robust liquidity layer in the continuously expanding Move ecosystem.

About Cetus

Cetus is a concentrated liquidity protocol and pioneer DEX that is constructed on the Sui and Aptos blockchain. The primary goal of Cetus is to establish a potent and flexible underlying liquidity network that makes trading accessible for all types of users and assets. To achieve this goal, Cetus is committed to developing its concentrated liquidity protocol and a range of affiliate interoperable functional modules that deliver the best trading experience and superior liquidity efficiency to DeFi users.

One of the core features of Cetus is its permissionless standard, which means that all major tools and functions are accessible to users or other applications at any time. This allows them to use the protocols for their own use cases, whether it is to set up a new trading pool or allocate incentives to rent liquidity from the public.

Another essential feature of Cetus is its highly-customizable liquidity protocol based on CLMM, which makes it possible for users to conduct all kinds of complex trading strategies that can be achieved on a CEX. Liquidity providers can also use CLMM to execute various Maker strategies to maximize their liquidity efficiency.

Cetus also embraces the concept of “Liquidity As A Service,” which places a strong emphasis on integration ease when building its products. Developers and applications can easily access liquidity on Cetus to build their own products, such as liquidity vaults, derivatives, and leveraged farming. Even new project teams can set up a swap interface on their front end by integrating Cetus SDK, which provides quick access to liquidity on Cetus and even the entire market.

Lastly, Cetus adopts a double-token model fueled by CETUS and xCETUS, which supports long-term and dynamic incentivization sustained by protocol earnings to reward active participants of the protocol. The objective is to ensure that real contributors of the protocol can be effectively incentivized by the scientific token economy, which ensures sustainability.

To access more funding articles: cryptodataspace.com