DeepBook: DEEP is designed for institutions, with features including volume-based fees and market maker incentives

According to official news, Sui’s native liquidity layer protocol DeepBook is launching its native token DEEP. DEEP is designed for institutions and institutional traders to use DeepBook to provide wholesale liquidity in DeFi. Key features of the DEEP token include volume-based fees and market maker incentives. Participation in these features requires users to meet specific staking thresholds in the DeepBook pool. These users will also contribute to the governance of these pools by staking their DEEP tokens. DeepBook’s full-chain central limit order architecture allows DeFi protocols and professional traders to access its pool and provide a range of retail services. In addition to market token orders, users can also place limit orders on the DeepBook pool, enabling complex trading functionality. The DEEP token will be officially launched later this year. Previously, DeepBook announced DEEP token economics. The maximum supply of DEEP tokens is 10 billion, of which 59.98% of the total supply will be used for community treasury and future distribution, 31.02% of the tokens will be distributed to core contributors and early supporters, and 10% of the tokens will The coins will be used for the community’s initial airdrop distribution. The first distribution of DEEP will be sent today as a soul-bound NFT. When DeepBook Protocol officially launches, users will be able to unwrap NFTs and earn DEEP tokens.