Sui Ecosystem DeFi Projects Cetus and Aftermath Announce Launch of Incubator

Written by: Sui Network

Cetus and Aftermath will launch two new incubators to provide developers with expert technical, operational and business advice, as well as financial support.

Decentralization in Sui DeFiexchangeThe Cetus and Aftermath Finance projects, in conjunction with the Sui Foundation, announced the launch of a new incubator to provide more viable pathways for startup projects. These two DeFi projects have a long history on Sui and are currently in the top five in terms of TVL since launching with the mainnet last year. The persistence and success of these two projects enable them to provide key expertise to new projects.

Projects entering the incubator can receive technical, operational and business advice, accelerated funding, and a host of additional support from the Sui Foundation. Both Cetus and Aftermath have become top DeFiBlockchainThe Sui Foundation will initially provide $2 million in funding to project teams accepted by the incubator, and will make further investments when high-level teams and projects emerge.

Aftermath provides a range of DeFi services, including trading, staking, and cross-chain bridges.Sui’s Liquidity Staking HackathonAftermath won the first place with its afSUI token. Liquidity staking allows users to leverage their staked tokens and has become one of Aftermath’s basic services. Its smart order routing technology relies on Sui’s very fast settlement time, optimizing trading activities.

Cetus' DeFi service combines activities such as trading, liquidity pool contribution and cross-chain bridges, with a TVL of over $150 million. It provides users with the first native liquidity layer with SuiDeepBookIn addition to retail services, Cetus also provides so-called liquidity services, which support integration with the Sui app.

The launch of these incubators puts the governance of ecosystem investment in the hands of reliable developers who have supported Sui’s progress and development from the beginning, representing an important step in further decentralizing the Sui ecosystem.

Developers interested in taking their projects to the next level are welcome to apply for the Aftermath Incubator and the Aquarium Incubator on Cetus.

Aftermath Incubator:(Related Links)

Cetus Aquarium Incubator:(Related Links)

About Sui Network

Sui is an L1 public chain redesigned and built based on first principles, aiming to provide creators and developers with a development platform that can support the next billion users in Web3. Applications on Sui are based on Move smartcontractlanguage, and has horizontal scalability, allowing developers to support a wide range of application development quickly and at a low cost.

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