Currently in the meme season, it remains the trading volume leader due to its solid strength, and has already pulled back from the emotional peak, showing a relatively healthy trend.
🪂 Airdrop standards:
As long as you stake or have engaged in DeFi transactions, you are eligible.
For example, if you stored 25 Sui last year, this year you can get 14511 $Deep, which is about $800~1300.
However, many friends might find it strange. I clearly staked a lot or had deep interactions, yet did not receive anything. Was I cursed by a witch?
It's actually very simple. This qualification needs to be used in March this year to activate the DeepBook NFT by using the official Sui wallet...
A very simple big opportunity (for 24 years old), still the same saying: pay more attention to non-EVM chains, not just #SUI, but also BTC, APT. Open your horizons, there will be many opportunities.
Overall path:
24/3/29, @DeepBookonSui announced the token economics and distributed soul-bound NFTs.
24/10/14, V3 version launched on the mainnet, airdrops can be claimed. At that time, many friends thought it was a low-tier token. Seeing the pool wasn’t small, they directly dumped it. Small stakes could sell for $200-$400, which is quite good.
After selling out, everyone realized something was off. The bulldozer-style rally showed that the product was quite good. Upon checking, the contract was surprisingly deployed at the official address, and Twitter was also an official subsidiary account. It turned out to be a direct offspring, and people began to pat their thighs.
24/10/20, stage high point, increased 13 times compared to the opening.
24/10/22, currently pulled back to a market cap of 600 million. For those who didn't get the airdrop, treating it as a low-tier token can still yield several times returns in the secondary market.
Positioning:
DeepBook is the liquidity layer of @SuiNetworkCN. Although Sui's recent meme performance has been eye-catching, it is still primarily a mining chain focused on DeFi. DeepBook provides deep liquidity, high throughput, low latency, and fees for DeFi projects, thereby building a DeFi ecosystem and forming better composability.
Currently, leading DEXs like Cetus and Hop are building on DeepBook.
Deep is not a competitor to existing DApps, which means its market cap is equivalent to the upper limit of the Sui-DeFi track, having very important strategic significance. Mastering its pricing power is a key task for Sui speculators. This is also the reason for the bulldozer-style rally; there's no need to wait for airdrop chips to be dumped at low prices for recovery. The more you eat, the better. It’s cheaper to run now than to wait for a high price and then dump later.
Interest groups:
For market makers on Sui, staking $DEEP can get fee discounts. This is very important and serves as a moat for market makers. Many times, arbitrage is a cost war, and lower fees allow them to complete arbitrage before price differences expand further, thereby monopolizing the market.
So although the existence of #DEEP objectively compresses the arbitrage space for retail investors, it also allows more ordinary participants to engage in this market more easily.
Gameplay:
1⃣️ Group LP on Cetus, 1400% APR (24H)
Source of income: Recent trading volume is very large.
Potential risks: DLMM will have impermanent loss and may even lead to liquidity exit.
2⃣️ Deposit into the Deep lending pool on SuiLend, with an annualized return of 93%, single coin with no locking, can run at any time.
Source of income: 84% from Deep incentives, 7% from Sui incentives.
