Cetus Protocol is a liquidity protocol that enables users to execute complex trading strategies on a decentralized exchange (DEX) by providing a highly customizable and programmable trading system. The protocol is built on Aptos and Sui and plans to expand to other Move-based blockchains.

It creates a flexible and powerful underlying liquidity network, making trading easier for users and assets. Cetus delivers a superior trading experience and liquidity efficiency to DeFi users by implementing a highly customizable liquidity protocol based on CLMM.

This allows Cetus Protocol to offer flexible composition of the swap, range order, and limit order. It lets its users execute almost all kinds of complex trading strategies that could be achieved on a centralized exchange.

Cetus Protocol uses a double-token model that includes CETUS and xCETUS. CETUS is the native protocol token of Cetus, which users can earn through liquidity mining. xCETUS is a non-transferable escrowed governance token that corresponds to staked CETUS.

Cetus Protocol is built on a Concentrated Liquidity Market Maker (CLMM) system. Its design allows DeFi users to add liquidity at a specific price range, providing superior liquidity efficiency and flexible trading strategies.

Cetus prioritizes seamless integration in its product offerings as part of its 'Liquidity As A Service' philosophy. This allows developers and applications to access liquidity on Cetus and quickly develop their products conveniently.

The Cetus Protocol's unique double-token model is designed to provide long-term and dynamic incentivization sustained by protocol earnings. By doing so, Cetus aims to reward those actively participating in the protocol and fueling its growth.

Cetus's innovative concentrated liquidity algorithm lets liquidity providers and traders reap the rewards. By concentrating liquidity in an active price range, liquidity providers can earn transaction fees more efficiently, while traders can enjoy low-slippage trading around the spot price during their swaps.

Cetus is a relatively new entrant into the DeFi market, launching in October 2022 on the Aptos network. A month later, Cetus launched on the Sui testnet.

Key milestones achieved through Q4 2022 and early Q1 2023 include winning first prize in the Aptos Grant DAO round 1, launching the beta version of the Cetus CLMM on Aptos mainnet, and getting the protocol's smart contracts audited by OtterSec and MoveBit.

Shortly after its launch, Cetus also formed several strategic partnerships with wallets, lending platforms, liquid staking platforms, SocialFi projects, and more. Some of Cetus Protocol's partners include Wormhole, LayerZero, Coin98, AptosLaunch, Fewcha, Celer, omniBTC, and Hippo Labs.

In May 2023, a successful seed funding round was closed and raised an undisclosed amount of capital. Key investors in the project include BYDFi Ventures, Coin98 Ventures, OKX Blockdream Ventures, Animoca Brands, Jump Crypto, NGC Ventures, and IDG Capital.

As a popular DeFi protocol on new blockchain ecosystems, Cetus offers a lucrative way for DeFi traders to access Aptos and Sui ecosystems. It could be an interesting crypto asset, especially if you believe in the potential of decentralized finance and Move-based blockchains.

The CETUS price could increase as more users sign up to provide liquidity and perform token swaps on its platform. The increased on-chain activity could make $CETUS more attractive to buy, use, and hold.

Positive investor sentiment toward the crypto market and critical sectors such as web3 and DeFi could also be important in driving bullish moves in the Cetus Protocol price. The CETUS to USD price trends higher when there is increased risk appetite and buying activity in the crypto market.

Cryptocurrency markets can be highly volatile and subject to sudden fluctuations, making it challenging to offer a CETUS price prediction with certainty. However, several factors could influence the $CETUS price, including:

Level of Adoption

The more users that adopt and use Cetus Protocol for trading, the more demand there may be for the CETUS token, which could lead to an increase in Cetus Protocol price.

Partnerships and Future Developments

Positive news regarding partnerships or collaborations involving Cetus Protocol could increase demand for the token, which could lead to an increase in the price of Cetus crypto. Development progress or updates for Cetus Protocol may also contribute to higher demand for the token, boosting the CETUS price statistics.

Market Outlook

CETUS Protocol (CETUS) price may be influenced by the overall market sentiment towards cryptocurrency, like all cryptocurrencies. If the market is bullish, it's more likely for the Cetus Protocol value to rise, while if the market is bearish, the price of CETUS token may drop.

CETUS is the native token of the Cetus Protocol and has the following functions:

Utility Token

CETUS offers a secure and convenient way to make payments and settlements between participants in the protocol without centralized intermediaries. It can also be earned through liquidity mining.

Adding Liquidity

Cetus Protocol offers CETUS-SUI and CETUS-USDC pools for users to add liquidity and earn faster transaction fees than traditional AMMs. LPs can earn transaction fees faster than in traditional AMMs and also earn additional farming rewards automatically based on the fee performance of each LP.

Convert to xCETUS

Users can convert their CETUS tokens to xCETUS tokens on the platform. xCETUS, the non-transferable escrowed governance token, will also enable holders to earn weekly staking rewards.

Crypto Asset to Trade and HODL

Trade Cetus Protocol token against other crypto assets to profit from changing market conditions and volatility. BYDFi Spot Market offers you CETUS/USDT as a trading pair to buy or sell CETUS. You can also hold the token long-term if you believe in the future potential of the Cetus Protocol. It's essential to conduct thorough research and exercise caution when investing in cryptocurrencies.

The Cetus Protocol leverages a double-token model in its operations, with CETUS and xCETUS as the two tokens. CETUS is the native protocol token of the Cetus protocol and can be earned by users through liquidity mining on Cetus.

On the other hand, xCETUS is a non-transferable escrowed governance token that corresponds to staked CETUS. xCETUS also gives governance rights to the holders, such as the ability to vote on proposals related to the protocol.

Users can quickly and easily convert their CETUS tokens to xCETUS whenever possible. As a perk, many staking rewards will be distributed among xCETUS holders every week.

You can add liquidity to supported pools on Cetus Protocol and earn LP rewards. Heres how:

1. Visit the Cetus Protocol app and connect your wallet to it.

2. Check the available concentrated pools by clicking the Pools tab on the app.

3. Fund your wallet with sufficient tokens of the liquidity pair you want to add liquidity for on Cetus Protocol.

4. Click Add Liquidity on the pool of your choice and enter the number of tokens you wish to deposit into the pool.

5. Confirm and approve the transaction from your wallet.