TL;DR
SUI has performed very well since the price of Bitcoin exploded, drawing more users onto the platform than ever before. While I might not be a big fan of the Sui project, there’s no denying that the Sui Ecosystem is growing, making it only fair that I let you in on 3 ways to win on SUI. With a bunch of different paths to choose on your SUI journey, this report will help save you some time figuring out what the best course of action for you might be.
With the growth of any Layer 1 Network, there are many great ways to spend your time. There’s no wrong way to get on a new chain. Simply acquiring that project’s native asset and holding it over time is always a great start. But, as time goes on, new options begin opening up. If you’ve just sat on the sidelines, then you’ll likely miss this shift in narrative and the opportunity that comes with it. With SUI being such a new project there’s so much to benefit from participating in these early network effects. So here are three of the easiest ways for you to benefit from the Sui Ecosystem, right now.
The Easy Way
Starting with the lowest hanging fruit on the totem pool we have the easy way. This is generally the path of least resistance when it comes to making the most out of your time spent with a new network. While there’s never zero risk, this method comes with less than the other two options we’ll discuss later on. The easy way focuses on positioning yourself in the center of all the action with protocols that have already solidified themselves as major participants in the growth of a new network.
This is where a project like Cetus Protocol shines. Every protocol no matter how big or small needs someplace where users can come and swap tokens in a decentralized manner. This is why DEXs like Cetus are the easiest way to position yourself in a newer network. As the network gets busier, DEXs become the defacto place to make all your onchain trades. While central exchanges are great for onboarding users into a blockchain. Decentralized exchanges are where the real big fish swim. This injection of liquidity in DEXs like Cetus brings several major benefits to its users.
As the fourth most traded asset on SUI, the probability of things falling apart is reduced. Where the whole, “too big to fail” theory plays a big role in this equation. As a user of SUI, there are two excellent ways you can benefit from using Cetus. The first is the set-and-forget method. This is going the route of acquiring a position in Cetus via the CETUS token. Allowing you to benefit from the natural growth of the Cetus exchange. As a protocol operating on Aptos and SUI. This will let you double-dip and benefit from the network effects of Aptos as well. Staking these tokens on Cetus will earn you a healthy 30% APR. Letting you secure a position in the Sui Ecosystem and not have to worry about maintaining it.
The second option would be to go the Liquidity Provider route. With this method, you’ll focus mainly on providing liquidity to the Cetus exchange. You can use any of the assets you’re already holding on SUI to provide decentralized trading to all network participants. Doing so will reward you with CETUS tokens for securing the protocol. It will also allow you to earn a percentage of the fees collected on Cetus for each trade made in the pool you…
Head of Research Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin. As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom. “The swarm is headed towards us” -Satoshi Nakamoto
