Alvin Lang
Aug 26, 2024 17:55
DeepBook unveils Model 3 on Sui Testnet, introducing key options like decreased gasoline charges and dynamic buying and selling charges to boost DeFi protocols.
DeepBook has launched its newest model, Model 3, on the Sui Testnet, bringing important enhancements aimed toward enhancing its utility for decentralized finance (DeFi) protocols, in line with The Sui Weblog.
Key Options and Enhancements
Among the many notable developments in DeepBook Model 3 are the substantial discount in gasoline charges, dynamic buying and selling charges, and a brand new capital-efficient order administration system for market makers. These options are designed to make the platform extra engaging and environment friendly for DeFi protocols.
One of many important updates is the introduction of the DEEP token, which is able to set up a brand new governance mannequin for the liquidity layer. This mannequin permits stakers to suggest and vote on adjustments to taker and maker charges, with votes occurring at each epoch.
Decreased Transaction Prices
Effectivity enhancements in DeepBook Model 3 have led to a 60 p.c discount in transaction prices in comparison with the earlier model. This discount is predicted to make it cheaper for DeFi protocols to function on the platform.
New Orders Interface
DeepBook now contains a swap-like interface that simplifies its integration with DeFi protocols, making it extra user-friendly and accessible.
Flash Loans
The brand new model helps instantaneous, zero-collateral borrowing, facilitating arbitrage, liquidity provision, and danger administration inside DeepBook’s extremely performant setting.
Dynamic Charges
The introduction of dynamic charges permits for larger flexibility. By way of the brand new governance mannequin and DEEP token, stakers can suggest adjustments to the charges, making certain that the platform stays aggressive and aware of market situations.
Shared Liquidity Throughout Swimming pools
Market makers can now share capital between swimming pools, lowering the danger related to sustaining deep liquidity. This enchancment is predicted to boost the general liquidity and effectivity of the platform.
Token Utility
DeepBook’s DEEP token will play a vital function in incentivizing contributors to offer ample, around-the-clock liquidity. Market makers will earn rebates in DEEP, and stakers will be capable of take part within the governance of particular person swimming pools. The governance construction is designed to stop any single entity from having outsized management, making certain a balanced and honest decision-making course of.
Testnet to Mainnet
The most recent model of DeepBook was deployed to the Sui Testnet on August 21, 2024, with a deliberate two-week run earlier than its Mainnet launch. Customers are inspired to assist check the brand new model by offering suggestions via the designated channels.
For additional updates, observe DeepBook on Twitter.
Observe: This content material is for common instructional and informational functions solely and shouldn’t be construed or relied upon as an endorsement or suggestion to purchase, promote, or maintain any asset, funding, or monetary product and doesn’t represent monetary, authorized, or tax recommendation.
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