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, which is designed for institutional 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 reach a specific staking threshold 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 pools and offer a range of retail services. In addition to market token orders, users can also place limit orders in the DeepBook pool, enabling complex trading functions. The DEEP token will be officially launched later this year. Previously, DeepBook announced the DEEP tokenomics. The maximum supply of DEEP tokens is 10 billion, of which 59.98% of the total supply will be used for the community treasury and future distribution, 31.02% of the tokens will be allocated to core contributors and early supporters, and 10% of the tokens will be used for the initial airdrop distribution of the community. The first distribution of DEEP will be sent today in the form of soulbound NFTs. When DeepBook Protocol is officially launched, users will be able to detach NFTs and earn DEEP tokens.