DeepBook (DEEP) is a decentralized central limit order book (CLOB) built on the Sui blockchain. It aims to provide a high-performance, low-latency trading experience for decentralized finance (DeFi) users. DeepBook serves as the primary liquidity layer on Sui, allowing users to trade with minimal slippage and lower transaction fees. The platform is designed to cater to both individual and institutional traders.
The native token, DEEP, plays a key role in DeepBook's ecosystem. You use DEEP to pay for trading fees, and you can also stake it to participate in the platform's governance. By staking, you can propose changes to key parameters like trading fees and vote on important decisions. Additionally, market makers who provide liquidity can earn rewards in DEEP.
With its high throughput and dynamic fees, DeepBook aims to be the backbone of Sui’s DeFi liquidity, offering transparency and efficient trading options.
