A Ukrainian crypto-enthusiast
A Ukrainian crypto-enthusiast
Share Dialog
Share Dialog

Subscribe to Karim Delavari

Subscribe to Karim Delavari
Cetus is a pioneer dex and liquidity protocol built on Aptos blockchain. It focuses on delivering the best trading experience and superior capital efficiency to DeFi users through the process of building its concentrated liquidity protocol and a series of affiliate functional modules. This document describes the concepts relative to Cetus and introduces the core products that it provides.

Swap Swaps are one of the most common interactions with a dex. The mechanism of token swap is easy to understand, which is to sell the tokens that are currently owned by the swapper for the proportional amount of the destination tokens. In this process, a small percentage of swap fee will be deducted, which is the incentives to those liquidity providers.
The execution of swaps in Cetus protocol (or in most dex platforms actually) is different from order book markets. An order book market usually follows a first-in-first-out policy and the time of your order matters, while our swaps execute against a passive liquidity pool and liquidity providers on Cetus will earn transaction fees proportional to their active liquidity that they contribute.

What is Whormhole Wormhole V1 was introduced in 2020 by Certus One, and was initially conceived as a traditional token bridge between Ethereum and Solana. It served as the first bridge on Solana and was responsible for bootstrapping a large amount of the liquidity in the early Solana and Serum ecosystems.
However, despite its beginnings as a token bridge, Wormhole quickly grew beyond Solana and token transfers.
Wormhole v2 launched in August 2021 as a decentralized generic interoperability protocol for multiple blockchain ecosystems with initial support for Solana, Terra, Ethereum and Binance Smart Chain.
Over the past year, Wormhole has evolved to support an ever-growing list of blockchains across an unrivaled number of smart contract runtimes.
While Wormhole is a generic interoperability protocol, it is also an ecosystem and platform for developers to grow the decentralized computing space. Wormhole consists of multiple modular swap-in components that can be leveraged independently and supports an increasing number of composable applications built by numerous teams.

TUTORIAL Now you know what this project is. Let’s now figure out how to use their Wormhole based bridge and how to add liquidity to the pools!
Step 1. Go to the Cetus Bridge page and connect your wallet

Step 2. We select the network from which our assets will be transferred and also the network to which they will be transferred (there are quite a lot of them!)

Step 3. We connect the wallet to the network to which we want to transfer our assets (I have Aptos). Specify the payment method for the fee. Presses the Next button.

Step4. We confirm the transfer and sign the transaction in your wallet. We expect from 3 seconds to 1 minute.

Step 5. Select “Redeem” and confirm receipt of tokens in your wallet.
Now let’s try adding a liquidity pool
Step 1. Go to the Pools page. Check out all the listed trading pools on Cetus and select the asset trading pools you want to provide liquidity.

Step 2. Enter the amount of assets on any side of target liquidity pool

3. After that, you’ve successfully provided Liquidity of the target assets to the pool.

Congratulations, you quickly and profitably transferred your funds between different networks and added a liquidity pool. Continue to use the services of Cetus Protocol.
My twitter — @DelavariKarim My discord — zatreidilkanistru#5660
Cetus is a pioneer dex and liquidity protocol built on Aptos blockchain. It focuses on delivering the best trading experience and superior capital efficiency to DeFi users through the process of building its concentrated liquidity protocol and a series of affiliate functional modules. This document describes the concepts relative to Cetus and introduces the core products that it provides.

Swap Swaps are one of the most common interactions with a dex. The mechanism of token swap is easy to understand, which is to sell the tokens that are currently owned by the swapper for the proportional amount of the destination tokens. In this process, a small percentage of swap fee will be deducted, which is the incentives to those liquidity providers.
The execution of swaps in Cetus protocol (or in most dex platforms actually) is different from order book markets. An order book market usually follows a first-in-first-out policy and the time of your order matters, while our swaps execute against a passive liquidity pool and liquidity providers on Cetus will earn transaction fees proportional to their active liquidity that they contribute.

What is Whormhole Wormhole V1 was introduced in 2020 by Certus One, and was initially conceived as a traditional token bridge between Ethereum and Solana. It served as the first bridge on Solana and was responsible for bootstrapping a large amount of the liquidity in the early Solana and Serum ecosystems.
However, despite its beginnings as a token bridge, Wormhole quickly grew beyond Solana and token transfers.
Wormhole v2 launched in August 2021 as a decentralized generic interoperability protocol for multiple blockchain ecosystems with initial support for Solana, Terra, Ethereum and Binance Smart Chain.
Over the past year, Wormhole has evolved to support an ever-growing list of blockchains across an unrivaled number of smart contract runtimes.
While Wormhole is a generic interoperability protocol, it is also an ecosystem and platform for developers to grow the decentralized computing space. Wormhole consists of multiple modular swap-in components that can be leveraged independently and supports an increasing number of composable applications built by numerous teams.

TUTORIAL Now you know what this project is. Let’s now figure out how to use their Wormhole based bridge and how to add liquidity to the pools!
Step 1. Go to the Cetus Bridge page and connect your wallet

Step 2. We select the network from which our assets will be transferred and also the network to which they will be transferred (there are quite a lot of them!)

Step 3. We connect the wallet to the network to which we want to transfer our assets (I have Aptos). Specify the payment method for the fee. Presses the Next button.

Step4. We confirm the transfer and sign the transaction in your wallet. We expect from 3 seconds to 1 minute.

Step 5. Select “Redeem” and confirm receipt of tokens in your wallet.
Now let’s try adding a liquidity pool
Step 1. Go to the Pools page. Check out all the listed trading pools on Cetus and select the asset trading pools you want to provide liquidity.

Step 2. Enter the amount of assets on any side of target liquidity pool

3. After that, you’ve successfully provided Liquidity of the target assets to the pool.

Congratulations, you quickly and profitably transferred your funds between different networks and added a liquidity pool. Continue to use the services of Cetus Protocol.
My twitter — @DelavariKarim My discord — zatreidilkanistru#5660
<100 subscribers
<100 subscribers
No activity yet