DeepBook Unveils Version 3 on Sui Testnet: Enhancing DeFi Protocols
Welcome to Extreme Investor Network, where we bring you the latest updates and insights in the world of cryptocurrency, blockchain, and decentralized finance (DeFi). Today, we’re excited to share the news about DeepBook’s latest release, Version 3, on the Sui Testnet.
DeepBook Version 3 comes packed with key features and improvements that are set to revolutionize DeFi protocols and enhance the overall user experience. Let’s delve into some of the highlights:
Reduced Gas Fees and Dynamic Trading Fees
One of the standout features of DeepBook Version 3 is the significant reduction in gas fees and the introduction of dynamic trading fees. These enhancements aim to make the platform more cost-effective and efficient for DeFi protocols, attracting more users and liquidity.
DEEP Token Governance Model
Version 3 introduces the DEEP token, which will play a crucial role in the governance of the liquidity layer. Stakers can propose and vote on changes to taker and maker fees, ensuring a democratic decision-making process within the platform.
Improved Transaction Costs
With efficiency upgrades, DeepBook Version 3 boasts a 60 percent reduction in transaction costs compared to the previous version. This cost-saving measure is set to benefit DeFi protocols and users, making transactions more affordable and accessible.
Enhanced Orders Interface
DeepBook now features a user-friendly swap-like interface that simplifies integration with DeFi protocols. This streamlined interface enhances the overall user experience, making trading and liquidity provision more seamless.
Flash Loans Support
Version 3 supports instant, zero-collateral borrowing through flash loans, enabling arbitrage, liquidity provision, and risk management within DeepBook’s high-performance environment. This feature opens up new opportunities for users to optimize their trading strategies.
Dynamic Fees and Shared Liquidity
Dynamic fees and shared liquidity across pools are key components of Version 3, allowing for greater flexibility and risk management. With the DEEP token governance model, changes to fees can be proposed and implemented, ensuring the platform remains competitive and responsive to market conditions.
Join Us on the Testnet
DeepBook’s latest version is currently live on the Sui Testnet, with a Mainnet launch scheduled in the coming weeks. We encourage users to test the platform, provide feedback, and be part of shaping the future of DeFi protocols.
Stay tuned for more updates by following DeepBook on Twitter. And remember, for educational and informational purposes only, our content does not constitute financial, legal, or tax advice. Trust Extreme Investor Network for all your cryptocurrency and blockchain insights.