🐳 $CETUS upgraded the DeepBook front-end interface, now users can directly open Cetus - Trade - DeepBook to start using public assets on Sui - DeepBookon 📘
💡 Binance promotes 12% USDC savings Friends with idle assets can lend some U through the Sui lending protocol
First recommended Suilend and AlphaLend Mainly because neither requires lending fees This is more favorable for Binance's one-month event
Currently, through collateral of $SUI or other cryptocurrencies The interest for borrowing $USDC in both protocols is around 7% (including rewards) Depositing it in Binance can yield about 4-5%
In terms of risk, if there is too much borrowing and the interest rate is high, it becomes unprofitable However, little penguin has been observing the Sui lending market long-term Suilend's interest may rise >12% but usually not for more than a day Alphalend rarely experiences spikes
Next is the risk of price drops when using SUI / tBTC / lBTC as collateral This requires constant monitoring of prices and health values, set your own alarms
Although the interest is not high, it is considered a friendly strategy for diamond hands. Sharing with everyone 😁
📰 You have received an invitation! The annual event #台北區塊鏈周 Taipei Blockchain Week will be held from 9/4-6 at Taipei Songshan Cultural and Creative Park 🏛️
This year, speakers include familiar names from BNB Chain, Kaia, Sei, and Pudgy Penguins, as well as the newly established exchange Taiwan Mobile and financial giant Mastercard 💳
The Water family will also be present! Kriss from Scallop and Eason from GiveRep will meet everyone 👨💻🧑💻
📺 The global advertiser Alkimi, which serves platforms like Douyin, AWS, and Polestar, is about to adopt the full suite of #Sui technology!
This includes transaction functionality built on Sui, Walrus storage capabilities, Nautilus computational verification, and Seal encryption management, providing a more robust infrastructure for our daily advertising services.
@Sui —— The preferred choice for enterprise blockchain 💧💫
Recently, I asked several users at an event Where are the main places to trade Sui chain tokens now?
They all mentioned $CETUS
From recent data, it can also be seen that most transactions are still dominated by Cetus It seems that Cetus's leading position is still quite stable 🐳💧
💳 #PayPal Grab has launched stablecoin payment features! But I have a question: Are merchants really willing to accept stablecoins now? 🤔
To achieve true mass adoption Relying solely on $USDC $USDT may not be enough
I think there are two reasons: First, the channels for converting back to fiat currency and user education still need time to be popularized Just like early electronic payments Infrastructure and usage habits need to be gradually established
Moreover, businesses in various countries also need to be willing to support payments in 'USD' stablecoins After all, not every merchant in every location is familiar with or trusts this system However, this situation is particularly suitable for regions like Turkey and Argentina, where the local currency is highly volatile💡
For them, receiving USD stablecoins is actually more stable than receiving their own currency!
Of course, in terms of the current situation This is definitely a good start If it can gradually radiate from regions where cryptocurrencies are thriving/mature to the global stage Maybe one day the daily exchange between 'stablecoins ↔ fiat currency' will really be not as far-fetched as imagined 😊
Ref - PayPal will launch 'Pay With Crypto': allowing U.S. merchants to accept payments in over 100 cryptocurrencies - Southeast Asia Uber》Grab opens up 'deposit cryptocurrency' for Philippine users: GrabPay can instantly convert to fiat, calling a taxi with Bitcoin is not a dream
I usually check cryptocurrency prices on TradingView on my computer. Every time I open Binance, I don't specifically look at the price fluctuations and tend to skip it.
The new interface allows me to see what I care about: the investment section that coin holders love — I can see if there are any special interest rates happening 🔍
I think there will be a few directions in the future:
1. Breaking the boundaries between CEX and on-chain, CEX can connect on-chain interest rate data (just displaying is enough)
2. Now it's possible to stake on one's own nodes, like $ETH $SOL, later if feasible it could be staked within on-chain protocols, for example, BSC's @VenusProtocol
3. Perhaps one day CEX and wallets can be better integrated, allowing free operations on-chain and exchange accounts through small components, no longer fragmented. This feeling is similar to how we currently use Binance Alpha
Will Sui Have an Opportunity for Curve-Over-Taking with the Large-Scale Adoption of Stablecoins?
In the future, widespread adoption of stablecoins will bring more internet users into the Web3 world. Currently, Web3 users are only about 10% of internet users, indicating significant growth potential.
Since 2024, the stablecoin market cap on the Sui chain has achieved explosive growth, increasing nearly 200 times in a year, with the compliant stablecoin USDC being the main driving force, dominating 75% of the Sui stablecoin ecosystem.
Why is there a reason for a curve-over-taking? 1. The Sui project originated from Facebook's stablecoin team. Core members of the Sui team come from Facebook (Meta) Diem/Libra stablecoin project. They have transformed Facebook's technological advantages, such as smart contract languages (Move) and high-performance parallel processing, into Sui's underlying architecture. At that time, the Diem/Libra stablecoin project had been developed, but was halted due to regulatory issues. Now, with Circle's listing leading to a relaxation of regulation in the crypto industry, Sui has unique advantages in global compliance funding, institutional collaboration, and stablecoin expansion.
✅ The previously stolen funds have been transferred to a multi-signature wallet — co-managed by Cetus, the Sui Foundation, and OtterSec
Account transfer history - https://suivision.xyz/account/0xcd8962dad278d8b50fa0f9eb0186bfa4cbdecc6d59377214c88d0286a0ac9562?tab=Activity - https://suivision.xyz/account/0xe28b50cef1d633ea43d3296a3f6b67ff0312a5f1a99f0af753c85b8b5de8ff06?tab=Activity
$CETUS is in the process of liquidity recovery and restart, looking forward to a glorious return!
🐳 #SUI🔥 Alpha Mining Craze! Cetus has introduced a new reward policy. By investing in pools of amounts $HAEDAL $SCA $NS $NAVX $HIPPO $BLUE ranging from $SUI to $USDC , you can receive a reward of $CETUS ⛏️⛏️
For details on the pools with rewards, please refer to the Cetus official Twitter announcement ⬇️