小企鵝阿批 Penchan
Sui & Walrus 中文區大使 - 資深水家人 | DA Capital | 2017 以太坊老礦工 | 過去：MaiCoin 台灣最大交易所，計算機工程@政治大學，工程@清華大學
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🐂 2025 Bull Market Long Cycle DCA Position Review
In celebration of my birthday, little penguin's original plan was:
Start 12 months of regular investment in 2023 and sell in 2025.
The following results are indicated by average price.
$BTC 29,036 → Switch to public chain
$ETH 1,830 → Switch to public chain
$SOL Heavy position 22 → 196 (8.9x)
$BNB 237 → 1040 (4.3x)
$DOGE 0.07 → 0.217 (3.1x)
$SUI Pre-sale 0.1 Heavy position 1 → 2.07 (2.0x)
$TON 3 → 3 (0x)
——
1. Core Concept: Cycle
2. Strategy: Binance hourly regular investment + wealth management, combined with various mining during the bull market: DeFi on Sui/Solana/Ton and BNB gold shovel. Sell based on daily RSI in the bull market.
3. Switching mainstream coins among other alts: ARB OP MATIC AAVE PYTH OKB BLUR ORDI. The reason for switching is to increase certainty and changes in narrative, etc.
4. Still have SUI SOL staked nodes and LST.
5. Thoughts:
- Holding BTC has high stability and good multiples.
- It's hard to judge whether mainstream will take off, consider diversifying investments.
- Major narrative changes will always happen, always pay attention and maintain flexibility appropriately.
- Follow the strategy, don't fall in love with coins, go fall in love with your girlfriend!
In celebration of my birthday, little penguin's original plan was:
Start 12 months of regular investment in 2023 and sell in 2025.
The following results are indicated by average price.
$BTC 29,036 → Switch to public chain
$ETH 1,830 → Switch to public chain
$SOL Heavy position 22 → 196 (8.9x)
$BNB 237 → 1040 (4.3x)
$DOGE 0.07 → 0.217 (3.1x)
$SUI Pre-sale 0.1 Heavy position 1 → 2.07 (2.0x)
$TON 3 → 3 (0x)
——
1. Core Concept: Cycle
2. Strategy: Binance hourly regular investment + wealth management, combined with various mining during the bull market: DeFi on Sui/Solana/Ton and BNB gold shovel. Sell based on daily RSI in the bull market.
3. Switching mainstream coins among other alts: ARB OP MATIC AAVE PYTH OKB BLUR ORDI. The reason for switching is to increase certainty and changes in narrative, etc.
4. Still have SUI SOL staked nodes and LST.
5. Thoughts:
- Holding BTC has high stability and good multiples.
- It's hard to judge whether mainstream will take off, consider diversifying investments.
- Major narrative changes will always happen, always pay attention and maintain flexibility appropriately.
- Follow the strategy, don't fall in love with coins, go fall in love with your girlfriend!
Translate
靜水流深：尋找穩定幣的避風港，一份簡單的存放指南
穩定幣持有者該重新審視資產配置了。
各家協議推陳出新、端出各種激勵政策，但沉澱下來回歸現金的本質，我們還是要去了解背後的風險。小企鵝調查了頂尖的 DeFi 與 CeFi 項目，希望能為現金部位尋找一個獲取穩定收益、規避黑天鵝且相對安全的棲息地。
記得這句話：在黑暗森林裡，本金的安全是 1，其他收益都是後面的 0。活下來，才是王道。
Coinbase：上市公司、USDC 發行合作方
當前利率：3.85%
Coinbase 是 USDC 發行商 Circle 的重要合作夥伴，兩者關係密切。將 USDC 存在 Coinbase 上，利息來源是由 Circle 通過持有美國國債和回購協議獲得利息收入，其中一部分按照協議分配給 Coinbase，Coinbase 會再將這部分利息以獎勵的形式發給 USDC 存戶。
作為美國上市公司，Coinbase $COIN 在 SEC 監管下運作，美元現金餘額有受到存款保險保護。這是目前市面上風險最低的穩定幣存款選項之一。
Aave：DeFi 藍籌、借貸龍頭
當前利率：3.34%
Aave 是整個 DeFi 世界的藍籌項目，地位如同去中心化交易所中的 Uniswap。目前 Aave 存款量超過 500 億美元，TVL（存款扣除借款）達 330 億美元，佔據了整個 DeFi TVL 將近三成的份額。作為 DeFi 龍頭且不曾出過事故，Aave 儘管 USDC 的存款利率不高，仍是可以存放的優質選項之一。
近期 Aave 推出消費者 app「Aave: Save and Earn」，提供基礎 6% 的利率。用戶透過身份驗證、自動存款或邀請朋友，可額外獲得最高 0.5% 的加成，達到 6.5%。官方有提到最高可達 9%，但這個還沒有詳細資料，未來補充。
前往 aave.com，註冊登記 app 時填寫註冊碼 F51F45 提升候補排序。
Morpho：模塊化借貸、策展人機制
Morpho 是一個模塊化借貸協議，最大特色是「策展人（Curator）」機制。策展人是專業的風險管理團隊，他們會設計金庫（Vault）策略，決定資金要配置到哪些借貸市場、接受哪些抵押品。
1. Steakhouse USDC 金庫
當前利息：3.49%（3.18% + 0.31% $MORPHO 獎勵）
Steakhouse 起初是 MakerDAO（現 Sky）的核心貢獻者，現已發展成為獨立 DeFi 風險管理及顧問公司，並且也是 Morpho 上最大的穩定幣策展人。這個金庫的資金主要配置在 $cbBTC （Coinbase）、 $WBTC （BitGO）、 $wstETH （Lido）市場，曝險資產皆為藍籌資產，風險較低。
2. Gauntlet USDC Prime 金庫
當前利息：3.67%（3.36% + 0.31% $MORPHO 獎勵）
Gauntlet 過去是 Aave 合作的風險管理團隊。這個金庫資金一樣集中在 $WBTC （BitGO）、$cbBTC （Coinbase）、 $wstETH （Lido）市場，跟 Steakhouse USDC 差別是這個金庫以 $WBTC 為主，風險也較低。基於分散風險的概念可以與 Steakhouse 的平分放置。
3. Coinbase 上的 Steakhouse USDC 金庫
當前利息：7.25% （4.04% + 3.2% $MORPHO 獎勵）
Coinbase 在 2025 年 9 月推出了與 Morpho 整合的鏈上借貸服務，除了基礎利率之外還提供 $MORPHO 獎勵。金庫資金會自動分配到 Base 鏈上 Steakhouse USDC 金庫，其中資金主要配置在 $cbBTC （Coinbase）、 $WETH 。
這個金庫本質上是「CeFi + DeFi」的疊加，同時承擔 Coinbase 平台風險和 Steakhouse 管理決策風險。考量到兩邊都是行業領先的團隊，整體風險仍在可接受範圍內，屬於中低風險的範疇。
Maple：超額抵押的機構借貸市場
當前利率：5.8% + 0.9% Drips 獎勵
過去 Maple 在 2022 年底經歷過一次重大危機。起因為 FTX 破產致使 Orthogonal Trading 違約無法償還貸款導致 Maple 有了 3,600 萬美元損失。但這件事也讓 Maple 徹底改變其機制。
在 2023 年後，Maple 從無抵押或低抵押信用貸款，轉型成以超額抵押機構借貸為核心。主力抵押品為 BTC、ETH 等藍籌資產，平均抵押率在 150%。該項目 TVL 在 2025 年從約 3 億美元成長到 30 多億美元，年內增幅超過 10 倍，是目前最大的鏈上資產管理方之一。
Maple 提供兩個借貸市場：第一個是一般散戶可以存放的借貸市場，沒有最低金額限制，存放可以獲得 LST 再利用；第二個是機構擔保借貸市場，最低需 10 萬美元且需要 KYC 認證，不過利率會較高。
由於 Maple 的借款人是企業和機構，可以理解為整套遊戲機制是發行企業債券的概念，然而帶有抵押品的關係因此可以視作為中等風險的市場。
穩定幣市場百花齊放，每家有每家的好，同時也都潛藏著不同的風險。我們都應在事前進行詳盡的調查，了解風險並且願意承擔後再上車。
這篇文章拋磚引玉，提供給大家一些風險偏低的項目來放穩定幣，歡迎補充更多適合放置穩定幣的項目。
不過最重要的：DYOR。畢竟，只有握緊手中的籌碼，才能在下一次浪潮來臨時從容上桌。
附註：文章資料來源為 DefiLlama，內容僅作為資訊分享，非投資建議
各家協議推陳出新、端出各種激勵政策，但沉澱下來回歸現金的本質，我們還是要去了解背後的風險。小企鵝調查了頂尖的 DeFi 與 CeFi 項目，希望能為現金部位尋找一個獲取穩定收益、規避黑天鵝且相對安全的棲息地。
記得這句話：在黑暗森林裡，本金的安全是 1，其他收益都是後面的 0。活下來，才是王道。
Coinbase：上市公司、USDC 發行合作方
當前利率：3.85%
Coinbase 是 USDC 發行商 Circle 的重要合作夥伴，兩者關係密切。將 USDC 存在 Coinbase 上，利息來源是由 Circle 通過持有美國國債和回購協議獲得利息收入，其中一部分按照協議分配給 Coinbase，Coinbase 會再將這部分利息以獎勵的形式發給 USDC 存戶。
作為美國上市公司，Coinbase $COIN 在 SEC 監管下運作，美元現金餘額有受到存款保險保護。這是目前市面上風險最低的穩定幣存款選項之一。
Aave：DeFi 藍籌、借貸龍頭
當前利率：3.34%
Aave 是整個 DeFi 世界的藍籌項目，地位如同去中心化交易所中的 Uniswap。目前 Aave 存款量超過 500 億美元，TVL（存款扣除借款）達 330 億美元，佔據了整個 DeFi TVL 將近三成的份額。作為 DeFi 龍頭且不曾出過事故，Aave 儘管 USDC 的存款利率不高，仍是可以存放的優質選項之一。
近期 Aave 推出消費者 app「Aave: Save and Earn」，提供基礎 6% 的利率。用戶透過身份驗證、自動存款或邀請朋友，可額外獲得最高 0.5% 的加成，達到 6.5%。官方有提到最高可達 9%，但這個還沒有詳細資料，未來補充。
前往 aave.com，註冊登記 app 時填寫註冊碼 F51F45 提升候補排序。
Morpho：模塊化借貸、策展人機制
Morpho 是一個模塊化借貸協議，最大特色是「策展人（Curator）」機制。策展人是專業的風險管理團隊，他們會設計金庫（Vault）策略，決定資金要配置到哪些借貸市場、接受哪些抵押品。
1. Steakhouse USDC 金庫
當前利息：3.49%（3.18% + 0.31% $MORPHO 獎勵）
Steakhouse 起初是 MakerDAO（現 Sky）的核心貢獻者，現已發展成為獨立 DeFi 風險管理及顧問公司，並且也是 Morpho 上最大的穩定幣策展人。這個金庫的資金主要配置在 $cbBTC （Coinbase）、 $WBTC （BitGO）、 $wstETH （Lido）市場，曝險資產皆為藍籌資產，風險較低。
2. Gauntlet USDC Prime 金庫
當前利息：3.67%（3.36% + 0.31% $MORPHO 獎勵）
Gauntlet 過去是 Aave 合作的風險管理團隊。這個金庫資金一樣集中在 $WBTC （BitGO）、$cbBTC （Coinbase）、 $wstETH （Lido）市場，跟 Steakhouse USDC 差別是這個金庫以 $WBTC 為主，風險也較低。基於分散風險的概念可以與 Steakhouse 的平分放置。
3. Coinbase 上的 Steakhouse USDC 金庫
當前利息：7.25% （4.04% + 3.2% $MORPHO 獎勵）
Coinbase 在 2025 年 9 月推出了與 Morpho 整合的鏈上借貸服務，除了基礎利率之外還提供 $MORPHO 獎勵。金庫資金會自動分配到 Base 鏈上 Steakhouse USDC 金庫，其中資金主要配置在 $cbBTC （Coinbase）、 $WETH 。
這個金庫本質上是「CeFi + DeFi」的疊加，同時承擔 Coinbase 平台風險和 Steakhouse 管理決策風險。考量到兩邊都是行業領先的團隊，整體風險仍在可接受範圍內，屬於中低風險的範疇。
Maple：超額抵押的機構借貸市場
當前利率：5.8% + 0.9% Drips 獎勵
過去 Maple 在 2022 年底經歷過一次重大危機。起因為 FTX 破產致使 Orthogonal Trading 違約無法償還貸款導致 Maple 有了 3,600 萬美元損失。但這件事也讓 Maple 徹底改變其機制。
在 2023 年後，Maple 從無抵押或低抵押信用貸款，轉型成以超額抵押機構借貸為核心。主力抵押品為 BTC、ETH 等藍籌資產，平均抵押率在 150%。該項目 TVL 在 2025 年從約 3 億美元成長到 30 多億美元，年內增幅超過 10 倍，是目前最大的鏈上資產管理方之一。
Maple 提供兩個借貸市場：第一個是一般散戶可以存放的借貸市場，沒有最低金額限制，存放可以獲得 LST 再利用；第二個是機構擔保借貸市場，最低需 10 萬美元且需要 KYC 認證，不過利率會較高。
由於 Maple 的借款人是企業和機構，可以理解為整套遊戲機制是發行企業債券的概念，然而帶有抵押品的關係因此可以視作為中等風險的市場。
穩定幣市場百花齊放，每家有每家的好，同時也都潛藏著不同的風險。我們都應在事前進行詳盡的調查，了解風險並且願意承擔後再上車。
這篇文章拋磚引玉，提供給大家一些風險偏低的項目來放穩定幣，歡迎補充更多適合放置穩定幣的項目。
不過最重要的：DYOR。畢竟，只有握緊手中的籌碼，才能在下一次浪潮來臨時從容上桌。
附註：文章資料來源為 DefiLlama，內容僅作為資訊分享，非投資建議
See original
🐟 Bluefin is about to launch its mobile app 📱
Many mainstream DeFi platforms have their own apps, such as Aave, Uniswap, Polymarket, Kalshi, etc. This is also the first time to see a non-wallet app on Sui, which is exciting!
From the released animation, it can be seen that the app includes four main pages: Home, Exchange, Vault, Contract. It is speculated that the pages will be arranged based on services provided by Bluefin, such as assets/positions, DEX, ember+alphalend, contracts, etc.
Looking forward to experiencing the app once it goes live! $BLUE
Many mainstream DeFi platforms have their own apps, such as Aave, Uniswap, Polymarket, Kalshi, etc. This is also the first time to see a non-wallet app on Sui, which is exciting!
From the released animation, it can be seen that the app includes four main pages: Home, Exchange, Vault, Contract. It is speculated that the pages will be arranged based on services provided by Bluefin, such as assets/positions, DEX, ember+alphalend, contracts, etc.
Looking forward to experiencing the app once it goes live! $BLUE
See original
Cetus DLMM Pool has the price tag of Pyth
This feature is a two-way lifesaver
1. For users who want to trade, they can observe the price deviation of some pools to decide whether to trade or not.
2. For liquidity providers (LP), they can monitor the pool's deviation situation and adjust or withdraw funds in a timely manner.
Details are full, and add chicken legs!
This feature is a two-way lifesaver
1. For users who want to trade, they can observe the price deviation of some pools to decide whether to trade or not.
2. For liquidity providers (LP), they can monitor the pool's deviation situation and adjust or withdraw funds in a timely manner.
Details are full, and add chicken legs!
See original
Class is on! Come and see the young lady $CETUS give you an in-depth explanation of what the DLMM of the liquidity pool is and how to operate it.
See original
S&P Ratings Original Text on USDT Stablecoin Stability Assessment: Tether (USDT) https://www.spglobal.com/ratings/en/regulatory/delegate/getPDF?articleId=3486415&type=COMMENTS&defaultFormat=PDF
$USDT once again faces FUD, rated "weakest" by S&P 💔
Our purpose in the crypto community for holding stablecoins is to avoid risks, and secondly for financial management and earning interest.
However, what we generally do not think about is that stablecoins themselves also carry risks.
USDC previously depegged to 0.87, and USDe to 0.65, causing a large number of liquidations.
Among stablecoins, the one worth paying attention to remains USDT (Tether).
Although it has never exploded, the debate about USDT in the market has never ceased.
This time S&P gave Tether a "weakest" rating.
The reasons include that Tether's disclosed assets contain a very high 5.6% exposure to Bitcoin.
Secondly, it holds high-risk collateralized loans, corporate bonds, etc.
More importantly, Tether's disclosures are limited.
In terms of redeemability, there are indeed questions about USDT.
However, Tether is neither able nor willing to disclose this information.
After all, it has the best liquidity, with various public chains and exchanges eager to cooperate.
Its financial condition is also very excellent, with individual profitability ranking in the world's top tier.
This... can make money, and still make a lot of money, does it need others to point fingers?
- Tether (USDT): 5 (weak)
- Circle (USDC): 2 (strong)
- Circle (EURC): 2 (strong)
- First Digital USD (FDUSD): 4 (restricted)
- TrueUSD (TUSD): 5 (weak)
- Gemini USD (GUSD): 2 (strong)
- Paxos USD (USDP): 2 (strong)
- Ethena (USDe): 5 (weak)
- Sky Protocol (USDS/DAI): 4 (restricted)
- Frax (FRAX): 5 (weak)
Our purpose in the crypto community for holding stablecoins is to avoid risks, and secondly for financial management and earning interest.
However, what we generally do not think about is that stablecoins themselves also carry risks.
USDC previously depegged to 0.87, and USDe to 0.65, causing a large number of liquidations.
Among stablecoins, the one worth paying attention to remains USDT (Tether).
Although it has never exploded, the debate about USDT in the market has never ceased.
This time S&P gave Tether a "weakest" rating.
The reasons include that Tether's disclosed assets contain a very high 5.6% exposure to Bitcoin.
Secondly, it holds high-risk collateralized loans, corporate bonds, etc.
More importantly, Tether's disclosures are limited.
In terms of redeemability, there are indeed questions about USDT.
However, Tether is neither able nor willing to disclose this information.
After all, it has the best liquidity, with various public chains and exchanges eager to cooperate.
Its financial condition is also very excellent, with individual profitability ranking in the world's top tier.
This... can make money, and still make a lot of money, does it need others to point fingers?
- Tether (USDT): 5 (weak)
- Circle (USDC): 2 (strong)
- Circle (EURC): 2 (strong)
- First Digital USD (FDUSD): 4 (restricted)
- TrueUSD (TUSD): 5 (weak)
- Gemini USD (GUSD): 2 (strong)
- Paxos USD (USDP): 2 (strong)
- Ethena (USDe): 5 (weak)
- Sky Protocol (USDS/DAI): 4 (restricted)
- Frax (FRAX): 5 (weak)
See original
$USDT once again faces FUD, rated "weakest" by S&P 💔
Our purpose in the crypto community for holding stablecoins is to avoid risks, and secondly for financial management and earning interest.
However, what we generally do not think about is that stablecoins themselves also carry risks.
USDC previously depegged to 0.87, and USDe to 0.65, causing a large number of liquidations.
Among stablecoins, the one worth paying attention to remains USDT (Tether).
Although it has never exploded, the debate about USDT in the market has never ceased.
This time S&P gave Tether a "weakest" rating.
The reasons include that Tether's disclosed assets contain a very high 5.6% exposure to Bitcoin.
Secondly, it holds high-risk collateralized loans, corporate bonds, etc.
More importantly, Tether's disclosures are limited.
In terms of redeemability, there are indeed questions about USDT.
However, Tether is neither able nor willing to disclose this information.
After all, it has the best liquidity, with various public chains and exchanges eager to cooperate.
Its financial condition is also very excellent, with individual profitability ranking in the world's top tier.
This... can make money, and still make a lot of money, does it need others to point fingers?
- Tether (USDT): 5 (weak)
- Circle (USDC): 2 (strong)
- Circle (EURC): 2 (strong)
- First Digital USD (FDUSD): 4 (restricted)
- TrueUSD (TUSD): 5 (weak)
- Gemini USD (GUSD): 2 (strong)
- Paxos USD (USDP): 2 (strong)
- Ethena (USDe): 5 (weak)
- Sky Protocol (USDS/DAI): 4 (restricted)
- Frax (FRAX): 5 (weak)
Our purpose in the crypto community for holding stablecoins is to avoid risks, and secondly for financial management and earning interest.
However, what we generally do not think about is that stablecoins themselves also carry risks.
USDC previously depegged to 0.87, and USDe to 0.65, causing a large number of liquidations.
Among stablecoins, the one worth paying attention to remains USDT (Tether).
Although it has never exploded, the debate about USDT in the market has never ceased.
This time S&P gave Tether a "weakest" rating.
The reasons include that Tether's disclosed assets contain a very high 5.6% exposure to Bitcoin.
Secondly, it holds high-risk collateralized loans, corporate bonds, etc.
More importantly, Tether's disclosures are limited.
In terms of redeemability, there are indeed questions about USDT.
However, Tether is neither able nor willing to disclose this information.
After all, it has the best liquidity, with various public chains and exchanges eager to cooperate.
Its financial condition is also very excellent, with individual profitability ranking in the world's top tier.
This... can make money, and still make a lot of money, does it need others to point fingers?
- Tether (USDT): 5 (weak)
- Circle (USDC): 2 (strong)
- Circle (EURC): 2 (strong)
- First Digital USD (FDUSD): 4 (restricted)
- TrueUSD (TUSD): 5 (weak)
- Gemini USD (GUSD): 2 (strong)
- Paxos USD (USDP): 2 (strong)
- Ethena (USDe): 5 (weak)
- Sky Protocol (USDS/DAI): 4 (restricted)
- Frax (FRAX): 5 (weak)
See original
$CETUS DC Community holds community activities every Thursday, let’s relax and enjoy a cup of coffee 🐳☕️
You can find the entrance on the official Cetus X!
You can find the entrance on the official Cetus X!
See original
It seems that $CETUS has officially deployed a batch of fragrant rewards in the DLMM pool 👀
See original
The issue of excessive decline will come to an end
However, a rebound does not mean a reversal
If you don't understand, it's better to lie flat and watch the show
U Exchange is at least still positive
However, a rebound does not mean a reversal
If you don't understand, it's better to lie flat and watch the show
U Exchange is at least still positive
See original
Quickly understand the features of DLMM in one minute! Market-making product launched by Cetus
🐳 $CETUS provided the #DLMM mechanism 🏄♀️
- Compared to traditional AMMs: Concentrated liquidity, higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
💡 DLMM Feature 1: Zero Slippage Design
We define the price as multiple price bins
Therefore, when trades occur within the price bins, they can be executed at the same price, achieving a zero slippage effect
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also see better returns
- Compared to traditional AMMs: Concentrated liquidity, higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
💡 DLMM Feature 1: Zero Slippage Design
We define the price as multiple price bins
Therefore, when trades occur within the price bins, they can be executed at the same price, achieving a zero slippage effect
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also see better returns
See original
DLMM Single-Sided Strategy
🐳 $CETUS launched the #DLMM mechanism 🏄♀️
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
See original
DLMM Curve Strategy
🐳 $CETUS launched the #DLMM mechanism 🏄♀️
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
See original
DLMM Spot Strategy
🐳 $CETUS launched the #DLMM mechanism 🏄♀️
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
See original
🐳 $CETUS launched the #DLMM mechanism 🏄♀️
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
- Compared to traditional AMMs: Liquidity is concentrated, leading to higher efficiency
- Compared to existing CLMMs: Both concentrate liquidity, while DLMM also provides zero slippage design and flexible strategies
Little Penguin briefly analyzes the features of DLMM for everyone 🔍👇
💡 #DLMM Feature One: Zero Slippage Design
We define prices as multiple price bins
Thus, when transactions occur within a price bin, they can be executed at the same price, achieving zero slippage
At the same time, this will encourage more people to trade in this pool, thereby increasing trading volume, and liquidity providers will also have better returns
Of course, this is also quite suitable for stablecoin trading pairs, such as @USDC-USDT
💡 #DLMM Feature Two: Diverse Volatility Strategies
- Spot Strategy: Uniformly distributed within a specified range, similar to the rectangular distribution of CLMM, can also be set to asymmetric shapes to reserve space for upward/downward movements
- Curve Strategy: Positions concentrated in the middle of the liquidity range, decreasing on both sides, suitable for stablecoin pairs
- One-Sided Strategy: Maximum liquidity at the edges, decreasing towards the center, suitable for assets with high volatility, capable of capturing price swings and mitigating impermanent loss. Suitable for DCA buying or selling trading strategies, such as holding $BTC and waiting for price increases to sell gradually, while also earning transaction fees
(There are too many pictures, I'll put them in the comments)
Let's have fun on Cetus together 🐳
See original
Solana Foundation Chair Lily Liu mentioned that current DeFi projects should focus more on revenue rather than total value locked (TVL)
After looking at DefiLlama, currently, @Haedal🦦 is the tenth overall chain liquidity staking protocol on Sui
Continuing to be optimistic about $HAEDAL 👀
After looking at DefiLlama, currently, @Haedal🦦 is the tenth overall chain liquidity staking protocol on Sui
Continuing to be optimistic about $HAEDAL 👀
See original
🐳 Recent updates for $CETUS
1. Pool open source: CLMM code is now available on Github
2. Ongoing audits: Completed the audit of CLMM in collaboration with Asymptotic, totaling three audits conducted after May
3. Chinese channel launched: Saw super cute discussions 😂
1. Pool open source: CLMM code is now available on Github
2. Ongoing audits: Completed the audit of CLMM in collaboration with Asymptotic, totaling three audits conducted after May
3. Chinese channel launched: Saw super cute discussions 😂
See original
💧 Sui and Google collaborate! But what is 'AI Agentic Payment'? 🤔
In simple terms, users authorize AI to complete the payment process through payment systems.
During the consumption process, the main key steps will include consumer authorization, searching and comparing, completing the shopping process, confirming the agent's identity, order inquiries, and even refund/problem handling.
For example, to purchase a ticket to Fukuoka for the Spring Festival in 2026, AI arranges the itinerary based on Google Calendar, finds the best fares through Skyscanner/Trip.com, and after obtaining your confirmation, proceeds with the payment, finally organizing the booking code, seat, and meal details to send to you.
AI Agentic Payment symbolizes a brand new upgrade in 'consumption models', gradually integrating into our user journey ✍️ Especially with the Google Gemini entity, it shouldn't be underestimated.
——
Little Penguin believes that in the future, there will be more than just Sui and Google collaborating. However, in terms of Sui's technology, including verification, Walrus programmable data management, zkLogin social account wallet creation, and other functions, enabling automatic completion of the payment process, Sui will undoubtedly be a leader in this field.
Looking forward to this wave of 'Blockchain x AI' integration!
@Sui $SUI
In simple terms, users authorize AI to complete the payment process through payment systems.
During the consumption process, the main key steps will include consumer authorization, searching and comparing, completing the shopping process, confirming the agent's identity, order inquiries, and even refund/problem handling.
For example, to purchase a ticket to Fukuoka for the Spring Festival in 2026, AI arranges the itinerary based on Google Calendar, finds the best fares through Skyscanner/Trip.com, and after obtaining your confirmation, proceeds with the payment, finally organizing the booking code, seat, and meal details to send to you.
AI Agentic Payment symbolizes a brand new upgrade in 'consumption models', gradually integrating into our user journey ✍️ Especially with the Google Gemini entity, it shouldn't be underestimated.
——
Little Penguin believes that in the future, there will be more than just Sui and Google collaborating. However, in terms of Sui's technology, including verification, Walrus programmable data management, zkLogin social account wallet creation, and other functions, enabling automatic completion of the payment process, Sui will undoubtedly be a leader in this field.
Looking forward to this wave of 'Blockchain x AI' integration!
@Sui $SUI
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🚨 THE BIG DEBATE: BITCOIN 🆚 TOKENIZED GOLD — CZ vs PETER SCHIFF! 🔥
The clash we all waited for finally happened at Binance Blockchain Week (Dubai) — @CZ and Peter Schiff went head-to-head on the future of money. And the highlights were WILD 👇
I am watching a replay of the livestream "Exclusive LIVE: The Big Debate, Bitcoin VS Tokenized Gold" Binance
🔥 Top Takeaways
✅ CZ: Bitcoin wins with verifiability, digital scarcity, portability, fixed supply, global utility.
✅ Schiff: Tokenized gold is the real deal — “backed by physical metal, not belief.”
✅ Viral moment: CZ’s gold bar demo exposed how hard it is to verify gold instantly… while Bitcoin can be verified on-chain in seconds.
📌 Why It Matters
This debate reignited the Bitcoin vs Gold narrative across markets. Traders are already watching:
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🤔 Quick Trader Notes
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• Stick to your plan — no emotional trades
• Always DYOR & manage risk
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💬 #TeamBitcoin or #TeamTokenizedGold ?
Drop your pick below!
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