Question 1

What is DeepBook Protocol (DEEP)?

Accepted Answer

DeepBook Protocol (DEEP) is a decentralised central limit order book (CLOB) built on the Sui blockchain. It serves as a core component of the Sui ecosystem, providing a fully on-chain trading platform. The protocol utilises Sui's parallel execution and low transaction costs to offer high-performance, low-latency trading. DeepBook is designed to provide deep liquidity, enabling better price execution and allowing traders and liquidity providers to have more control over their trading strategies.

Question 2

What is DeepBook Protocol (DEEP) used for?

Accepted Answer

DeepBook Protocol functions as a wholesale liquidity layer for the Sui blockchain, catering to both institutional traders and DeFi protocols. It enables seamless on-chain trading with minimal slippage and supports high-frequency trading due to its robust and scalable infrastructure. Additionally, DeepBook facilitates staking-based governance, where DEEP token holders can participate in decision-making processes, and users benefit from reduced trading fees. The protocol aims to be a central venue for DeFi liquidity on the Sui network.

Question 3

Who created DeepBook Protocol (DEEP)?

Accepted Answer

DeepBook Protocol was developed with contributions from MovEx and is integrated into the Sui ecosystem as a public good.