Cetus combines a native liquidity protocol with aggregation and trading tools, with current development centred on Sui. The main website also links an Aptos version. Its displayed cumulative figures—about $103 billion in trading, 18 million accounts and 214 million trades—are platform claims captured on 20 October 2026. Accounts and transaction counts should not be read as independently verified people or currently active customers.[1]
DefiLlama’s corresponding 30-day measures were approximately $632.15 million of native DEX volume and $333.33 million of aggregator volume. The native total was principally CLMM, with approximately $10.01 million from DLMM. Aggregator routes can execute in Cetus or other pools, so these are overlapping service measures rather than two amounts to add. The current activity capture was overwhelmingly Sui; historical Aptos support does not establish equivalent present liquidity.[2]
Pools, aggregation and trading instructions
Sections ↑Trading structure
| Product | Mechanism | Practical distinction |
|---|---|---|
| CLMM | Liquidity providers choose a price range represented by a position NFT. | Only liquidity covering the current price participates and earns swap fees. Equal dollar deposits can produce different exposure.Source 16 |
| DLMM | Liquidity is allocated to discrete fixed-price bins. | A trade within one bin has no movement of that bin price, but fees remain; larger trades can cross bins and change execution price.Source 31 |
| Aggregator | The current V3 service routes among Sui liquidity providers. | A route can include several venues; Cetus pool tariffs alone do not describe every component.Source 22 |
| Limit orders | On-chain price-conditional orders can execute partially. | Their seven-day default expiry can be customized up to one month.Source 5 |
| DCA | A deposited input balance is divided into scheduled cycles. | A signed backend quote constrains fee, cycle size and expiry; the wallet then authorizes the opening transaction.Source 7 |
| Cetus Margin | A collateralized long or short position uses lending liquidity. | This is distinct from DeepBook Margin reached through the Cetus interface.Source 12 |
A swap requires the selected coin types, amount, slippage setting and wallet confirmation. The guide’s 1% example is illustrative, not a universal appropriate tolerance. Exact-input execution constrains the minimum received; exact-output execution constrains the maximum sold. A quoted price can change before execution, and a successful blockchain transaction must be distinguished from merely receiving a quote.[3][4]
For limit orders, choosing Market fills the price field; it does not guarantee immediate execution. Full fills deliver the purchased tokens to the wallet. Partial-fill proceeds can remain on chain until claimed. Cancellation returns the unfilled input and purchased amount together, while expiry cancels the remaining quantity. The open-order progress bar helps identify which part of the instruction still has authority.[5]
A CLMM range position can resemble a limit order when placed on one side of the market, but crossing its range does not finalize a sale. If it remains open and the market reverses, the assets can trade back. Withdrawal is the step that ends that liquidity exposure. A range-based strategy therefore needs a separate exit decision even when its intended price has already been reached.[6]
DCA quotes bind the input coin, interval in seconds, cycle count and maximum input per cycle. The contract rejects an invalid or expired quote. Per-cycle minimum and maximum output bounds further constrain execution. The public example’s zero fee is a sample response, not an established permanent tariff; use the quote’s actual fee and configured minimum interval/count.[7]
Pool fees, route additions and borrowing costs
Sections ↑Published CLMM fee tiers
The CLMM protocol takes 20% of the collected swap fee by default; the remaining 80% goes to active liquidity providers. This is a division of the fee, not a 20% charge on trade notional. For a 1,000 USDC input at 0.30%, the fee is 3 USDC: 0.60 USDC protocol and 2.40 USDC LP share, before gas or other route costs. Fees accrue separately and can be claimed without removing liquidity; they do not automatically compound.[8]
DLMM cost components
| Component | Basis | Implication |
|---|---|---|
| Base fee | Pool creator’s base factor and bin step. | Read the specific pool configuration.Source 32 |
| Variable fee | Volatility accumulator and bins crossed. | The charge can change as activity and the route change; there is no one platform-wide fixed percentage.Source 32 |
| Composition fee | Imbalanced portion of a deposit into the active bin, at the pool’s total swap-fee rate. | Adding liquidity can itself have a fee even before any subsequent LP trade.Source 32 |
| Protocol allocation | Initially 20% of the total collected fee. | The remaining portion belongs to LPs.Source 32 |
The DLMM volatility component decays when trading quietens and resets after the configured decay period. That timer controls a pool’s fee model; it is not a personal account inactivity charge or deactivation rule. An out-of-range position can remain economically exposed despite earning little or no current fee income.[9]
Aggregator integrations can add an overlay fee across all route types. The published ceiling is 10%, with zero as the SDK default; this ceiling is not the usual retail rate. The overlay is included when calculating the output used for slippage checks and is sent to the configured recipient on each execution. A separate partner fee is restricted to Cetus pools and requires the partner’s claim capability.[10]
The October 2026 terms allow execution surplus, price improvement or rebates to be retained or allocated by the applicable service’s execution logic, without reducing the transaction’s selected protection. Favourable execution therefore does not necessarily all reach the trader.[11]
Cetus Margin accepts base or quote collateral, with a documented minimum value of $5 and leverage starting at 1.1×. Maximum leverage depends on the market and lending conditions. Its guide does not establish a complete current borrowing-rate curve, liquidation penalty or universal maximum; those live position parameters remain necessary to price a trade. Pool swap fees alone are an incomplete margin-cost estimate.[12]
Funding the wallet and returning assets
Sections ↑Funding and exit workflow
| Action | Process | Control to preserve |
|---|---|---|
| Fund trading | Hold the intended coins in a compatible wallet on the chosen network, then connect to the application. | A Sui coin type and an Aptos asset are different network assets even when symbols resemble each other.Source 3 |
| Open CLMM liquidity | Choose pool, coin types and tick-aligned price bounds; fund the new position. | Opening an empty position and actually adding assets are separate capabilities. Confirm token decimals and price direction.Source 33 |
| Reduce liquidity | Sign removal of the selected liquidity amount with minimum amounts for both returned tokens. | Fee and reward collection can be included; the resulting mix depends on the pool price.Source 15 |
| Close the position | Remove all liquidity and collect all outstanding fees and rewards. | Closing is distinct from withdrawing only some liquidity; keep any incident-compensation proof required for an affected historical position.Source 34Source 35 |
| Cancel DCA | Submit the close-order transaction for the relevant order object. | The remaining input and output balances are returned; disconnecting the website does not perform this action.Source 36 |
Sponsored Sui transactions let a separate sponsor supply the gas payment. Both user and sponsor sign the same complete transaction bytes before submission. That mechanism does not give the sponsor ownership of the user’s input coins, and it is not a universal promise of free gas on the ordinary website. Without sponsorship, the transaction still needs an available gas payment.[13]
The inspected wallet and protocol guides do not establish a Cetus-operated bank deposit or cash-withdrawal service. Realizing fiat requires a separately available provider; any transfer to it must use the exact network, token and receiving instructions it accepts. A protocol withdrawal first restores crypto to wallet control rather than initiating a bank payment.[14][15]
Position ownership, control powers and recovery
Sections ↑The CLMM NFT proves ownership of a particular range position and is needed to collect its fees and mining rewards. A displayed dollar valuation does not fix the tokens that withdrawal will return. As price leaves the chosen range the position becomes one-sided and stops participating in trades; moving the NFT to another contract can also change who can invoke its owner-dependent functions.[16]
The published CLMM configuration interface defines role-based controls, including pool managers and an administrator capability that can assign roles and update the package version. Those interface definitions establish the existence of administrative functions, but do not identify every current production key holder or prove a particular live multisig threshold.[17]
Its pool interface includes pause and unpause functions; its documentation says a paused pool disables other operations. This can affect exits as well as swaps. A user-controlled signing key does not guarantee uninterrupted access to funds deposited in such a contract. Current deployed authority and the specific pool’s state must be considered separately from ownership of the position NFT.[18]
The recovery wallet established for the 2025 exploit had a 4-of-6 arrangement: two keys each for Cetus, Sui Foundation and OtterSec. The approved chain intervention was limited to two specified recovery transactions from the attacker addresses. These exceptional controls should not be described as a standing ability to recover arbitrary users’ lost keys or as today’s administrative threshold for every Cetus pool.[19]
Wallet security is the user’s responsibility; the terms establish no support restoration of a lost signing key.[11]
A margin position’s current loan-to-value ratio must stay below its liquidation threshold. The position view supports adding collateral, reducing leverage, repaying debt, changing exposure and closing. Monitor the actual loan conditions as well as the asset price; an estimated liquidation price does not guarantee execution at that price during stress.[12]
The audit index separates CLMM, DLMM, vault, farming, limit-order and token reviews, including post-incident CLMM reviews in June, July and September 2025. An audit listing does not establish that every current package or outside integration has identical coverage. No universal insurance payout, per-user insured balance or deposit compensation entitlement was established.[20]
Eligibility and product access
Sections ↑The legal disclaimer’s United States, Canada and China restrictions concern participation in token distributions and related identity checks. They should not be silently converted into a definitive, current country matrix for every secondary-market swap. The inspected current materials do not provide a complete product-by-product territory and verification schedule. Access also remains subject to applicable local law.[21]
The main site’s Aptos link points to the separate v1 interface, while current developer instructions are explicitly Sui-oriented. A supported wallet connection does not establish identical order types, active pools, margin products or recovery arrangements on both networks. Select the intended chain and product before relying on a familiar feature name.[1][22]
Support, records and formal disputes
Sections ↑Support and notices
A support request should identify the network, wallet address, transaction digest, pool or order object and observed state. Do not treat a quote, a wallet signature prompt and a confirmed execution as the same event. The reviewed channels establish no emergency telephone dealing service, authority for staff to trade a user’s position, or guaranteed response time.[14]
The SDK can retrieve limit-order operation logs by order ID and DCA execution history for individual cycles. These records support reconciliation of an instruction with its actual fills. They do not themselves constitute a complete tax statement: preserve wallet transfers, LP additions/removals, reward claims and acquisition costs from other services. A comprehensive native CSV export was not established in the inspected documentation.[23][24]
BVI law applies; disputes go to SIAC arbitration in Singapore. No complaint-response deadline is specified.[11]
Legal permissions and token rights
Sections ↑The disclaimer says regulatory authorities have not approved its published materials. It does not supply a licensed-exchange permission or investor-compensation scheme for the service. CETUS ownership is not company equity, a deposit or a contractual right to company assets; the token disclaimer also disclaims a company obligation to redeem it for cash.[21]
Operator, versions and the 2025 recovery
Sections ↑The agreement updated 19 October 2026 names Cetus Technology Limited. It covers on-chain services and supporting off-chain systems; it does not state the company’s incorporation jurisdiction. Its USD 200 liability cap is a contractual limitation, not insurance.[11]
Recovery milestones and remaining scope
| Stage | Primary evidence | What it establishes |
|---|---|---|
| May 2025 chain response | Sui Foundation reports that validators representing 90.9% of stake approved the recovery vote. | The intervention enabled specified frozen assets to be moved into the recovery arrangement.Source 19 |
| June 2025 relaunch plan | The 7 June announcement scheduled reopening for 8 June and described restoring affected pools to 85–99% using recovered assets, treasury funds and a $30 million USDC loan. | Pool restoration was not uniformly 100%; the position NFT remained compensation proof even after a full liquidity withdrawal.Source 35 |
| Separate CETUS compensation | The plan allocated 15% of total supply: 5% available initially and 10% over twelve months, with claims starting 10 June 2025. | Elapsed vesting time alone does not establish that every user claimed or received full economic compensation.Source 35 |
| Later operating evidence | The January 2026 recap describes resumed development, open-source CLMM and deployed DLMM. | It establishes subsequent product operation, not a final independently verified settlement of every claim.Source 37 |
The October 2026 Safe Harbor covers qualifying whitehat rescue during active exploits, separately from ordinary bug-bounty reporting.[11]
- Operator
- Cetus Technology Limited
- Exchange model
- Decentralised
- Service scope
- Native pools, Sui aggregation and conditional trading tools.
- Client types
- Not established
- Pricing publication
- Public and quoted pricing
- Pricing scope
- Pool schedules public; route and borrowing parameters vary.
- Funding scope
- Blockchain assets; no native bank withdrawal established.
- Custody and asset handling
- Wallet-owned positions and contract-held order balances.
- Client eligibility
- Applicable-law restrictions; distribution rules are separately scoped.
- Support
- Official email, community and developer channels.
- Authorisation and registration scope
- Service-specific authorisations not established.
Exchange metadata checked 20 Oct 2026Source 1Source 11Source 8Source 22
Covered contracting entities
Cetus Technology Limited
- Jurisdiction
- Not stated in inspected agreement
- Covered services
- Cetus services under current terms
- Client and location scope
- Applicable-law compliance
Staking, liquidity strategies and automation
Sections ↑xCETUS conversion and exit
| Stage | Documented rule | Balance consequence |
|---|---|---|
| CETUS to xCETUS | Convert through the dashboard at 1:1. | xCETUS is an escrowed position, not immediately transferable cash.Source 38 |
| 15-day redemption | Receive 0.5 CETUS per xCETUS after the chosen vesting period. | An early-duration choice returns less CETUS.Source 38 |
| 180-day redemption | Receive 1 CETUS per xCETUS after vesting. | Intermediate durations increase the ratio proportionally.Source 38 |
| Claim or cancel | Claim after vesting ends; cancel an unfinished redemption to reactivate xCETUS. | A pending redemption is not yet spendable CETUS. Weekly staking rewards also require claiming after distribution.Source 38 |
Current xCETUS documentation allocates net CLMM protocol profit after third-party commissions equally between stakers and Sui Foundation loan repayment. For DLMM, it allocates 25% to stakers, 25% to protocol income and 50% to loan repayment. These published allocations should not be represented as evidence that the loan is fully repaid. Governance is described as a future function once at least 90% of CETUS is circulating.[25]
DLMM liquidity shapes
| Strategy | Allocation | Exposure |
|---|---|---|
| Spot | Evenly across selected bins. | A narrower width concentrates exposure and can become inactive sooner.Source 39 |
| Curve | More liquidity near the middle of the chosen range. | Less liquidity is offered at the edges.Source 39 |
| Bid-ask | More at the range edges and less near the centre. | This changes the inventory offered as price moves; it does not guarantee profitable rebalancing.Source 39 |
CLMM mining distributes incentives according to fee contribution from active liquidity. Merely depositing a large amount does not ensure the same reward share as maintaining useful in-range capital. Reward programmes, claimed fee income and changes in the position’s underlying token value should be assessed separately; an advertised annualized rate is not a fixed yield on a bank balance.[26]
Aggregator SDK 1.7.5, dated 15 October 2026, adds pool inclusion and exclusion filters across all hops and splits; exclusions take precedence. The production instructions direct V3 users to router_v3/find_routes and warn that V2 and older versions are to be deprecated. Updating a routing SDK is a software compatibility change, not an automatic movement of the user’s position NFTs.[27][22]
The published contract registry distinguishes CLMM, DCA, farming, limit orders, vaults and xCETUS packages. A developer should resolve the current package and version for the intended function. Separate SDK methods build owner-authorized cancellation and claim transactions; having a public quote URL does not provide the private key needed to execute them.[28][29]
Cetus Terminal embeds the aggregator within another application and uses a wallet-provider integration. A host application can add its own presentation and routing settings; that does not make it the Cetus-operated website. The reviewed Cetus documentation establishes SDK-based automation, but did not establish a separate first-party AI service entrusted with discretionary control of user assets. An external agent’s powers depend on its actual signer and approved transactions.[30]
Sources & further reading
- Current website and network links Cetus · Accessed 20 Oct 2026
- Cetus native and routed activity DefiLlama · Accessed 20 Oct 2026
- Wallet swap workflow Cetus · Accessed 20 Oct 2026
- Minimum received and maximum sold Cetus · Accessed 20 Oct 2026
- Limit expiry and settlement Cetus · Accessed 20 Oct 2026
- Range order reversal mechanics Cetus · Accessed 20 Oct 2026
- DCA quote and opening authority Cetus · Accessed 20 Oct 2026
- CLMM tariffs and fee allocation Cetus · Accessed 20 Oct 2026
- Volatility fee decay Cetus · Accessed 20 Oct 2026
- Integrator overlay fees Cetus · Accessed 20 Oct 2026
- October 2026 service terms Cetus · 19 Oct 2026 · Accessed 20 Oct 2026
- Cetus Margin product guide Cetus · Accessed 20 Oct 2026
- Sponsored signing and gas Cetus · Accessed 20 Oct 2026
- Official contact channels Cetus · Accessed 20 Oct 2026
- Liquidity reduction and claims Cetus · Accessed 20 Oct 2026
- CLMM range and ownership model Cetus · Accessed 20 Oct 2026
- Published administrative interfaces Cetus · Accessed 20 Oct 2026
- Published pool pause interfaces Cetus · Accessed 20 Oct 2026
- Incident-specific recovery governance Sui Foundation · 27 May 2025 · Accessed 20 Oct 2026
- Product-specific audit index Cetus · Accessed 20 Oct 2026
- Token scope and permissions disclaimer Cetus · Accessed 20 Oct 2026
- Current Aggregator V3 integration Cetus · Accessed 20 Oct 2026
- Order operation logs Cetus · Accessed 20 Oct 2026
- DCA cycle execution history Cetus · Accessed 20 Oct 2026
- xCETUS allocation and rights Cetus · Accessed 20 Oct 2026
- Active-liquidity mining incentives Cetus · Accessed 20 Oct 2026
- Aggregator version changes Cetus · 15 Oct 2026 · Accessed 20 Oct 2026
- Official contract registry guidance Cetus · Accessed 20 Oct 2026
- Owner cancellation transaction Cetus · Accessed 20 Oct 2026
- Embedded aggregator integration Cetus · Accessed 20 Oct 2026
- DLMM bins and price movement Cetus · Accessed 20 Oct 2026
- DLMM fee components Cetus · Accessed 20 Oct 2026
- Position opening and funding Cetus · Accessed 20 Oct 2026
- Full position closure Cetus · Accessed 20 Oct 2026
- Relaunch and compensation plan Cetus · 7 Jun 2025 · Accessed 20 Oct 2026
- DCA cancellation and balances Cetus · Accessed 20 Oct 2026
- 2025 operating recap Cetus · 10 Jan 2026 · Accessed 20 Oct 2026
- Staking and redemption workflow Cetus · Accessed 20 Oct 2026
- DLMM strategy shapes Cetus · Accessed 20 Oct 2026
This profile reports dated public information, including exchange-published services and terms. It does not independently test or guarantee trading, custody, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.
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