DeepBook on Sui | Introduce DEEP

DEEP’s Utility

As the cornerstone of DeepBook, DEEP facilitates seamless transactions, incentivizes liquidity provision, and aligns the interests of all participants in our growing DeFi ecosystem.

Payment

DEEP token is used for payment of trading fees and pool creation fees in DeepBook. By using a native currency, DeepBook offers a cohesive and unified trading experience.

Liquidity

DEEP token enhances trading liquidity within DeepBook pools by offering rebates to market makers during low liquidity periods and volume discounts to liquidity takers. These mechanisms ensure minimal slippage and a robust trading environment, making DEEP ideal for professional traders and institutional investors.

Governance

The DEEP token enables pool-level governance by adjusting staking requirements and fees. Its quasi-concave voting system ensures small voters have a significant voice while preventing governance capture by large holders.

Token Distribution and Release Schedule

DeepBook’s upcoming token generation event (TGE) and initial DEEP distribution is a key step towards furthering DeepBook’s position as web3’s preeminent venue for wholesale liquidity. DeepBook’s strategy ensures incentives are aligned so the Sui ecosystem can continue to innovate, build, compete and tailor for the end user.

Token Symbol: DEEP

Max Supply: 10,000,000,000

Initial Circulating Supply: 2,500,000,000

Vesting: 25% of the supply is unlocked at genesis. Tokens will be released over 7 years.

The DEEP tokens are split into three buckets:

10% Initial Community Airdrop

Fully unlocked and distributed at TGE

This portion of the allocation rewards the early adopters and active users who have been instrumental to DeepBook’s success.

28.43% Core Contributors and Early Backers

Investors and Team: 3 year unlock, 1 year cliff followed by a 24-month linear unlock. Mysten Labs: 1% unlocked at TGE followed by a 48-month unlock.

This allocation represents Core Contributors, who have supported the engineering, infrastructure, security, growth, and operations of the DeepBook Protocol.

61.57% Ecosystem Growth

14% unlocked at TGE, followed by a 7 year unlock.

This portion of the allocation supports long-term growth of the ecosystem and supports developer grants, community programs and community initiatives.

FAQs

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Introducing DEEP

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DEEP’s Utility

Token Distribution and Release Schedule

FAQs

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