Why Sui + DeepBook
Deterministic On-Chain Matching
DeepBook batches and matches orders at the protocol layer, removing the need for a custom sequencer or off-chain matcher logic while delivering CEX-grade fairness.
Object-Oriented Gas Efficiency
Sui's Move objects let each order, vault or position live as its own lightweight resource—failed transactions consume zero gas, and partial fills mutate an order in-place at O(1) cost.
Sub-Second Finality
The network routinely settles in <450 ms, giving trading bots and mobile users a near-CEX experience without sacrificing self-custody.
Pyth Oracle Coverage
400-plus price feeds stream on-chain, so any asset with a Pyth ID can become a synth, a perp underlier or a collateral token—no extra oracle work required.
Core Product Suite
Spot DEX
A thin wrapper around DeepBook that adds $UNXV-denominated taker fees, relayer rebates and synth-aware token discovery.
Perpetual Futures
Cross-margin perps with up to 20× leverage, matched on DeepBook and risk-managed by an on-chain clearing house.
Permissionless Lending
Any Pyth-priced asset can earn yield or be borrowed; interest reserves auto-convert to $UNXV, half locking 4 years into ve-escrow.
Synthetic Assets
USDC-backed vaults mint sAssets like sBTC or sETH at 160 % collateral ratio—tradeable instantly on the same DeepBook orderbook.
Dated Futures & Options
Cash-settled futures and fully-collateralised European options share the same margin account and fee flywheel.
LP Vaults
Unified liquidity-provisioning vaults that market-make, quote, hedge, lend, and farm across every unxversal venue—turning passive holders into multi-venue market makers.
Gas Futures
Tokenised claims on fixed Sui gas units at preset USD prices, letting users lock in transaction costs while earning $UNXV fees through market making.
Exotic Derivatives
Non-vanilla derivatives like barrier options, range-accrual notes, and power perps—enabling complex trading strategies with minimal new infrastructure.
Liquid Staking
Convert locked SUI stake into yield-bearing sSUI tokens usable across all protocol venues, with rewards auto-compounding and 5 % yield skim feeding $UNXV burn.
LP Vaults: Unified Liquidity Provisioning
One Vault, All Venues
Deploy capital once to market-make across spot, perps, futures, options, and synths—with autonomous hedging and risk management.
Strategy Presets
From passive delta-neutral range to active covered call writing, choose preset strategies or upload custom algorithms via Move delegate scripts.
Cross-Margin Efficiency
Vaults use unified margin and flash-loans to delta-neutralize positions on the fly, maximizing capital efficiency.
Treasury Integration
DAO can allocate idle UNXV and insurance funds to low-risk vaults, creating additional protocol revenue and buy pressure.
Gas Futures: Predictable Transaction Costs
Fixed-Price Gas Units
Lock in future Sui transaction costs by purchasing gSUI contracts—each representing 1M gas units redeemable before expiry.
Dual Market Structure
Trade on DeepBook spot or through a predictive AMM with dynamic spreads based on gas price volatility.
Risk-Neutral Design
Fully collateralized reserve pool with automated delta-hedging via perps ensures protocol stability.
Protocol Synergy
Integrates with Treasury for DAO gas planning, LP vaults for gas carry trades, and serves as perps collateral.
Exotic Derivatives: Structured Products on Sui
Path-Dependent Payoffs
Trade barrier options, range-accrual notes, and power perps—enabling sophisticated hedging and yield strategies unavailable in vanilla markets.
Efficient Architecture
Built on existing Cross-Margin and Oracle infrastructure, with automated barrier tracking and settlement using Pyth price feeds.
Enhanced Fee Yield
Exotic flows command wider spreads (20–40 bps), generating stronger $UNXV buy pressure through automated fee conversion.
Composable Design
LP vaults can farm exotic premiums, perps desks hedge with power contracts, and Treasury can monetize idle $UNXV through structured products.
Liquid Staking: Yield-Bearing SUI
Transferable Stake
Convert locked SUI into liquid sSUI tokens that auto-compound staking rewards while remaining fully tradeable and DeFi-ready.
Cross-Venue Integration
Use sSUI as collateral across Lend, Perps, and Options at 90 % LTV—earn staking yield while trading.
Protocol Revenue
5 % of staking rewards auto-convert to $UNXV each epoch, split between burn and Treasury, creating sustainable buy pressure.
Risk Management
Diversified validator set, slashing insurance fund, and automated health monitoring protect staker assets while maintaining liquidity.
The $UNXV Fee Flywheel
- Universal Fees: Every taker fill, mint, borrow, liquidation penalty, gas future trade, exotic premium, or staking reward skim is charged in the transacting asset.
- Same-Block Swap:
fee_sinkmodules RFQ-swap that asset to $UNXV on DeepBook inside the same transaction. - Automatic Routing: Treasury, insurance funds, burns and relayer rebates get their share with no off-chain keeper.
- ve-Lock Incentives: 50 % of Lend reserves, LP vault performance fees, exotic premiums, staking rewards, and optional Treasury buy-backs lock 4 years, tightening circulating supply.
Governance & Security
- veUNXV DAO: 1 – 4 year NFT lockers hold voting power that decays linearly to unlock.
- Governor Bravo → Timelock: 48 h delay on every privileged call.
- 3-of-5 Pause Guardian: Can only freeze or lower risk parameters for ≤ 7 days, revocable after Year 1.
- Audits & Code4rena: Each module ships with formal verification, full audit and an open white-hat bounty.
Technical Architecture
DeepBook Matching Engine
Deterministic on-chain batching & matching removes mempool MEV and guarantees fair, price – time priority for every fill.
Cross-Margin Account
A single Move object nets PnL across spot, synths, perps, futures, options, exotics, and LP positions—maximising capital efficiency while slashing gas look-ups.
Pyth Oracle Network
400+ low-latency feeds write directly to Sui, powering spot prices, barrier tracking, and validator health monitoring with automatic fallbacks.
Automated Liquidation
Permissionless bots flash-borrow USDC from Lend, repay under-collateralised positions and RFQ-swap seized collateral to $UNXV — all in one transaction.
LP Strategy Framework
Hot-swappable Move modules implement the strategy_base trait, allowing rapid deployment of new market making strategies.
Gas Futures Clearing
Fully-collateralized reserve pool with automated delta-hedging maintains protocol neutrality while enabling predictable gas costs.
Exotic Derivatives Engine
Extensible recipe factory mints structured products with automated barrier tracking and settlement, sharing core protocol infrastructure.
Liquid Staking Pool
Rebasing sSUI tokens track underlying stake value, with automated reward distribution and validator rebalancing for optimal yields.
Cross-Protocol Integration Examples
Flash Arbitrage
- Flash-loan 100 k USDC from Lend.
- Buy discounted sBTC on DeepBook (98 k USDC).
- Burn sBTC in Synth vault at oracle price (100 k USDC).
- Repay flash-loan and keep ≈1.9 k profit after fees.
Leveraged Yield Farming
- Deposit ETH → borrow USDC (70 % LTV) on Lend.
- Mint sETH with the USDC.
- Short ETH-PERP to delta-hedge.
- Earn lending APY + trading rebates + $UNXV emissions.
Options Market Making
- Write call options at multiple strikes.
- Quote option NFTs on DeepBook or RFQ.
- Delta-hedge via BTC-PERP.
- Collect premiums while recycling margin yield in Lend.
Comprehensive Fee Structure
Trading Fees
| Protocol | Maker | Taker | Notes |
|---|---|---|---|
| DEX Spot | 0 bps | 6 bps | 60 % relayer rebate if provided |
| Perpetuals | 0 bps | 10 bps | Funding cap ±0.75 % / h |
| Flash-Loans | — | 8 bps | Single-tx fee |
Protocol Fees
| Action | Fee | Distribution |
|---|---|---|
| Synth Mint | 15 bps | 70 % Oracle gas vault · 30 % Treasury |
| Synth Burn | 8 bps | 100 % Treasury |
| Options Premium | 15 bps | 60 % Burn · 40 % Treasury |
| Perps Funding Skim | 10 % of gross | 100 % Perps insurance |
Key Features
- Unified Fee Token: All protocol fees auto-swap to $UNXV inside the same block.
- Synth-Aware Everything: sBTC, sETH & 400+ other Pyth synths trade, margin and collateralise day-1.
- Gasless Risk Management: Object-oriented Move means failed TX = 0 gas; bots only pay when profitable.
- DeepBook Liquidity: Spot, perps, futures & options share the same orderbook API.
- ve-Governance: 4-year locks, gauge emissions, and 48 h timelock on every upgrade (veUNXV).
Architecture Highlights
- Sui Native Deployment: Leverages sub-second finality & high TPS for CEX-grade UX.
- Modular Move Packages: Each product lives in its own package; upgrades are explicit publish + state migrate.
- Security First: Multisig guardian, formal verification, audit & Code4rena contest before mainnet.
- Gas Optimisation: Packed structs, batch calls & single-slot order storage.
- Interoperability: Wormhole bridge & upcoming zkLogin wallet support.
Governance Structure
veUNXV Voting Escrow
Lock $UNXV 1–4 yr to mint an NFT whose voting power decays linearly to 0 at unlock.
Gauge Controller
ve-holders vote weekly on how $UNXV emissions split across Spot, Lend, Synths, Perps & Options.
Working Groups
Sub-DAOs for Risk, Engineering, Growth & Grants receive quarterly budgets via on-chain proposal.
Emergency Controls
3-of-5 guardian multisig can pause critical modules for ≤7 days; DAO may revoke after year 1.
$UNXV Tokenomics
Token Distribution (1 B Total)
Value Accrual Mechanisms
- Protocol Fee Buy-backs: Continuous DeepBook RFQs buying $UNXV.
- ve-Dividends: Optional USDC distributions to veUNXV lockers.
- Governance: Treasury & risk parameter control.
- Trading Rebates: Up to 60 % fee discount for ≥1 % veUNXV-share.
- Deflationary Burns: 30–60 % of select fees routed to burn.
Security & Risk Management
Smart-Contract
- Full audit + formal verification before mainnet.
- Battle-tested Move patterns & invariants.
- >95 % unit-test coverage.
- Open white-hat bounty (100 k $UNXV cap).
Operational
- 48 h timelock on every privileged call.
- Guardian multisig emergency pause.
- Circuit-breaker on oracle deviation.
- Continuous monitoring of insurance buffers.
Economic
- 160 % min CR on synths; 80 % max LTV on Lend.
- Insurance funds sized to 5 % of open interest or TVL.
- 10 % funding skim feeds perps insurance.
- Stress testing & scenario analysis on every upgrade.