What is DeepBook (DEEP)? The Next Generation Order Book Project on Sui

DeepBook is a pioneering Central Limit Order Book (CLOB) project on the blockchain Sui, providing a new generation central limit order book solution, specifically designed for DApps and DeFi protocols. With this advanced technology, DeepBook offers access to deep liquidity pools, low transaction fees, and rapid processing speed. In this article, let's explore DeepBook and the benefits it brings to the Sui ecosystem with Allinstation.

What is DeepBook?

DeepBook is the first Central Limit Order Book (CLOB) on the Sui blockchain, providing a software development kit (SDK) that allows developers to easily integrate into decentralized applications (dApps) such as decentralized exchanges (DEX), digital wallets, etc. This not only provides users with an optimal trading experience but also brings deep liquidity, low transaction fees, and rapid speed.

Additionally, DeepBook serves as a native liquidity protocol for Sui Network, without an end-user interface, operating as an intermediary connecting DApps and Sui's blockchain infrastructure. This allows applications to retrieve token prices and support efficient transactions.

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• Swap: DeepBook leverages the speed and scalability advantages of the Sui blockchain, enabling DEX exchanges to perform token swaps in just 500 milliseconds, with stable and low gas prices. Additionally, DeepBook supports parallel processing of trading pairs, helping to increase speed and reduce costs, improving user experience.

  

• Perpetual: DeepBook supports derivative instruments like perpetual contracts, helping protocols expand more features. An example is the DeFi project Kriya on Sui, which integrated DeepBook pool with an exclusive margin tool, providing a trading experience with low latency like CEX and DEX transparency.

  

• Lending: DeepBook supports lending platforms on Sui by helping DeFi protocols aggregate lenders' assets into a common pool and provide those assets to borrowers through DeepBook. Users from the same protocol or different DeFi protocols can borrow assets from this pool or repay loans with interest at the end of the loan term.

  

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