Cetus Protocol is a decentralized exchange (DEX) based on the concentrated liquidity model (CLMM), enabling users to execute advanced trading strategies with high efficiency. The protocol was developed using the Move language and is considered a fundamental part of the infrastructure of the Sui and Aptos networks.
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💡 Key features of Cetus:
Concentrated liquidity (CLMM): Allows liquidity providers to set specific price ranges, increasing capital efficiency.
Range orders and NFTs for positions: Allows users to execute limit orders and represent their positions as NFTs.
Super liquidity aggregation: Liquidity is aggregated from multiple sources within the Sui ecosystem, providing a seamless trading experience.
Customizable programming: Developers can create custom DeFi applications using Cetus tools.
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💰 Uses of the CETUS token:
Governance: Used to vote on protocol development decisions.
Staking: CETUS can be converted to xCETUS to participate in governance and earn rewards.
Launchpad participation: Used to participate in the launches of new projects on the Cetus platform.
Farm Boosting: Used to increase farming yields in liquidity pools.
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📊 Information about the CETUS token:
Total supply: 1,000,000,000 CETUS
Distribution:
50% for the community and liquidity providers
20% for the team and advisors
15% for investors
15% for the ecosystem treasury
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🚨 Recent hack incident:
On May 22, 2025, the Cetus Protocol suffered a security breach resulting in estimated losses of around $223 million. Attackers exploited a vulnerability in a mathematical library within the smart contracts, allowing them to manipulate token pair prices and withdraw liquidity.
Response actions:
Cetus announced a plan to compensate the affected using treasury reserves.
The SUI Foundation provided a temporary loan to support the compensation process.
Approximately $160 million in hacked assets were frozen on the SUI network.
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📈 Current price performance:
The current CETUS price is $0.150979, with a change of +0.20944% from the previous close.
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