Cetus Protocol
Crypto Overview
Overview
Cetus Protocol is a decentralized exchange (DEX) built on the Sui blockchain. It serves as an automated market maker (AMM) and concentrated liquidity protocol, allowing users to trade digital assets and provide liquidity.
Purpose and Utility
The CETUS token serves multiple functions within the ecosystem: It acts as a governance token allowing holders to participate in protocol decisions, provides access to reduced trading fees, and enables profit sharing from protocol revenues for stakers.
Business Model Analysis
The protocol generates revenue through trading fees from asset exchanges on the platform. The business model is transparent and based on facilitating legitimate asset exchange between parties.
Platform Development and Adoption
Cetus Protocol has shown consistent development activity and maintains an active presence in the Sui ecosystem. The protocol has processed significant trading volume and maintains active liquidity pools.
Token Distribution and Governance
Token distribution includes allocations for the team, ecosystem development, and community incentives. Team tokens are subject to vesting periods to align long-term interests.
Technology Assessment
The protocol's core functionality focuses on asset exchange and liquidity provision, which are permissible activities from an Islamic finance perspective as they involve actual asset transfer and value creation.
Crypto Impact
To assign a comfort level investing in Cetus Protocol from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Cetus Protocol.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.