OKX Ventures Announces Investment in Cetus Protocol
Hong Kong SAR, MAY 2, 2023 — OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced an investment in Cetus Protocol, a pioneer DEX and concentrated liquidity protocol built on Sui and Aptos.
The mission of Cetus is to build a powerful and flexible underlying liquidity network to make trading assets easier for Sui and Aptos users. The protocol aims to deliver the best trading experience and superior liquidity efficiency to DeFi users via its concentrated liquidity protocol and a series of affiliate interoperable functional modules.
"With the support of OKX Ventures, Cetus will gain extensive access to a wider Web3 user base and break through the boundary between on-chain and off-chain space," said Henry Du, Co-founder of Cetus.
Dora Yue, Founder of OKX Ventures, said: “We’re very pleased to make this investment in Cetus. When it comes to the construction of the public chain ecosystem, we are optimistic about the Move language, which has the potential to build an ecosystem similar to Solidity. Cetus is the first UniV3-like AMM liquidity protocol in the Move ecosystem, providing DeFi users with a better trading experience and higher capital efficiency. OKX Ventures looks forward to supporting the project.”
Disclaimer This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, or hold digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances.
