Key features of the DEEP token include volume-based fees and market maker incentives. Participation in these features requires users to meet specific staking thresholds in the DeepBook pool. These users will also contribute to the governance of these pools by staking their DEEP tokens.
DeepBook’s full-chain central limit order architecture allows DeFi protocols and professional traders to access its pool and provide a range of retail services. In addition to market token orders, users can also place limit orders in the DeepBook pool to implement complex trading functions.
The DEEP token will be officially launched later this year.
Previous news, DeepBook announced DEEP token economics. The maximum supply of DEEP tokens is 10 billion, of which 59.98% of the total supply will be used for community treasury and future distribution, 31.02% of the tokens will be distributed to core contributors and early supporters, and 10% of the tokens will The coins will be used for the community’s initial airdrop distribution.
The first distribution of DEEP will be sent today in the form of soul-bound NFTs. When DeepBook Protocol is officially launched, users will be able to split NFTs and receive DEEP tokens.
