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Cetus Protocol will be relaunched on June 8th

PANews
PANews|6月 08, 2025 00:41
According to official announcements, Cetus Protocol will be relaunched on June 8, 2025 at 11:00 (UTC+8), and all users will be able to use all Cetus features, including redemption, managing LP positions, adding/removing liquidity, receiving fees and rewards, etc. We will mainly supplement liquidity through three channels: Assets recovered from attackers: These assets were returned after the Sui validator successfully conducted on chain voting. Funding for the Cetus team: Cetus has invested 100% of its available cash reserves (approximately $7 million in mainstream assets) to fill the liquidity gap. Sui Foundation's special loan: A USDC loan of 30 million has been applied for to support recovery. If the user's LP holdings come from affected pools, the liquidity recovery rate of each pool ranges from 85% to 99%, depending on the degree of attack on each pool. Due to asset limitations, it is not possible to immediately restore 100% liquidity to all affected pools. The team will use CETUS tokens to compensate for liquidity losses, and 15% of the CETUS supply will be allocated to compensation contracts (including the team's remaining unclaimed tokens, which account for 10% of the total supply). 5% of it will be immediately available upon restart, while the remaining 10% will be linearly unlocked monthly for the next 12 months (consistent with the previous team's ownership schedule). The official commitment is not to issue additional tokens and will slightly adjust the release plan. If there is any asset recovery in the future, it will be used to continue compensating users or repurchase CETUS.
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