Cetus Protocol protocol
Overview
Cetus Protocol is a decentralized exchange (DEX) and liquidity protocol built on the Sui and Aptos blockchains. It employs a concentrated liquidity market maker (CLMM) model to enable efficient trading and capital utilization. The protocol facilitates asset swaps, liquidity provision, and fee earning.
On 22 May 2025, Cetus — then the largest liquidity provider on Sui — was exploited for roughly $223M via an integer-overflow bug in its CLMM liquidity math. About $162M was frozen on-chain and, following a community vote and a loan from the Sui Foundation, Cetus relaunched in June 2025, restoring 85-99% of affected pool liquidity. As of 2026-07-15 the protocol is operational.
Within the DeFi Intel graph, Cetus Protocol connects to 5 tracked entities, most strongly to Sui, Aptos, CETUS.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 5 of 5 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Sui | 90% |
deployed_on | Aptos | 85% |
governs | CETUS | 85% |
competes_with | Aftermath Finance | 85% |
launched | Cetus Launch | 80% |
Frequently asked questions
What is Cetus Protocol?
Cetus Protocol is a decentralized exchange (DEX) and liquidity platform that operates on the Sui and Aptos blockchains, using a concentrated liquidity model.
What are the key features of Cetus Protocol?
Key features include concentrated liquidity, allowing liquidity providers to allocate capital within specific price ranges, and deployment on high-throughput blockchains like Sui and Aptos for low transaction costs.
How does Cetus Protocol differ from traditional AMMs?
Unlike traditional constant product AMMs, Cetus uses a concentrated liquidity model where liquidity is aggregated within customizable price ranges, offering higher capital efficiency for liquidity providers.
Was Cetus Protocol hacked?
Yes. On 22 May 2025 Cetus was exploited for about $223M due to an integer-overflow vulnerability in its CLMM liquidity math. Roughly $162M was frozen, and after a governance vote and a loan from the Sui Foundation the protocol relaunched in June 2025 with most pool liquidity restored.
What is Cetus Protocol connected to?
In the DeFi Intel knowledge graph, Cetus Protocol is linked to 5 other tracked entities, most strongly to Sui, Aptos, CETUS.
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