OKX Ventures Announces Investment in Cetus Protocol
Liquidity FinderThe investment funds raised will be used by Cetus to build a liquidity network that will make trading easier for any users and assets.
May 2, 2023 - Cetus, a DEX and concentrated liquidity protocol built on Sui and Aptos, has successfully closed its seed round of funding led by OKX Ventures and KuCoin Ventures. This round also included participation from a list of prominent institutions in the industry, such as Comma3 Ventures, NGC Ventures, Animoca Ventures, IDG Capital, Leland Ventures, AC Capital, Adaverse, Coin98 Ventures and others.
Currently a decentralized exchange on Sui and Aptos, Cetus focuses on delivering effective trading and efficient liquidity to DeFi users through the process of building its concentrated liquidity protocol and a series of affiliate interoperable functional modules.
According to the business, this recent seed round funding will be used to support the initial development and growth of the platform alongside marketing to expand its presence and customer base.
Cetus now aims to further develop its concentrated liquidity based DeFi infrastructure and serve as a liquidity layer in the growing Move ecosystem.
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