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Cetus

Market Making

Cetus is a pioneer DEX and concentrated liquidity protocol focusing on Move-based ecosystems like Aptos and Sui.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Cetus?
Information
Exploit/Hacks
None
Info
  • Website
  • Token: CETUS
  • Tags: Market Making
Key Metrics
  • TVL: $97M (Rank #124)
  • TVL Ranking by Market Making: #0
  • Blockchain: Sui, Aptos
  • Chain TVL
    • Sui: $96.98M
    • Aptos: $71.31K
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by several experienced auditors; MoveBit and OtterSec
  • Anonymous team reduces transparency
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2022; maturity over one year minimizes technical risk as smart contracts are well battle-tested
  • Top 20% by total value locked slightly reduces risk
  • Core contracts can be upgraded with just an EOA wallet
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • Low voting power concentration reduces risk
Protocol Design
  • This protocol is susceptible to risks related to decentralized exchanges (DEXs), such as impermanent loss
Things to know about Cetus