Cetus Finance & Crew³ Bounty Quests - Step by step for participations.

What is Cetus Finance?

As of today,providing liquidity in the DeFi is now rather unappealing. Liquidity Pair (LP) investors face a variety of hazards, including Impermanent Loss and opportunity cost, which are not adequately compensated by the transaction fees charged for their service. Others event profit from decentralized liquidity through Miner/Maximal Extractable Value (MEV), while LP holders are the ones who are taking all the risks.

As a result, Cetus Finance has developed a solution that is heavily influenced by Liquid Finance.
The Cetus Finance Protocol will run on two distinct tokens: cETH and CETUS. The principal token (cETH) which the protocol can mint and redeem and will be linked to the price of ETH.

Cetus Finance Treasury will hold multiple assets paired with cETH, such as WETH,LINK and WBTC. When the price of these changes in relation to the price of cETH, we can arbitrage our pairs and extract MEV, which will be distributed to $CETUS holders.

The Cetus Finance Protocol can entirely renormalize the market price of cETH. This is due to the fact that only the protocol has the ability to increase and shrink the quantity of cETH within the Cetus Arbitrage Mechanism (CAM) and, as a result, repeg the token to ETH without generating market inefficiencies elsewhere.

When cETH exceeds the PEG, the protocol mints cETH using the assets of the reserve and sells it until it reaches the PEG. The profit is added to the reserve together with the ETH used for minting.

When cETH falls below the PEG, the protocol uses the assets of the reserve to buy back cETH until it reaches the PEG.

By capturing the disparities between PEG and Market Prices, both strategies generate revenues that benefit to the Cetus Finance Reserve.

We are confident that our protocol will contribute to the development of a truly decentralized financial system and the expansion of the Arbitrum® Layer.

What is Crew³ ?

Crew³ is a new engagement platform — positioned to become the #1 operating system for web3 communities. This platform consists of a dashboard that will act as a homepage for community members to participate in engaging and fun “Quests”. These Quests can include both simple tasks like sharing a tweet, or very complex tasks with high reward structures. Rewards can then be issued based on XP that a member has accumulated.

How it works?

Join Discord and say "gm-gn"

Go to the bounty platform and complete tasks - join bounty

Airdrop_confirmed perform all the tasks and reach level 4 to get the whitelist.

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