OKX Ventures, the investment arm of crypto exchange and Web3 technology company OKX, has announced an investment in Cetus Protocol, a DEX and concentrated liquidity protocol built on Sui and Aptos.
Cetus aims to build a flexible underlying liquidity network to make trading assets easier for Sui and Aptos users, delivering a superior trading experience and liquidity efficiency to DeFi users via its concentrated liquidity protocol and a series of affiliate interoperable functional modules.
OKX Ventures’ investment in Cetus will give the protocol extensive access to a wider Web3 user base and enable it to break through the boundary between on-chain and off-chain space.
According to Dora Yue, Founder of OKX Ventures, the company is optimistic about the Move language and its 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.
OKX Ventures, with an initial capital commitment of USD 100 million, focuses on exploring the best blockchain projects globally, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
OKX is a world-leading technology company building the future of Web3. Its crypto exchange is the second largest globally by trading volume, and its self-custody solutions include the Web3-compatible OKX Wallet, which allows users greater control of their assets while expanding access to DEXs, NFT marketplaces, DeFi, GameFi, and thousands of dApps. OKX partners with a number of the world’s top brands and athletes, including Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Ian Poulter, Scotty James, and Daniel Ricciardo.
OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. – AsiaTechDesk.com