Former Facebook engineers have developed a blockchain called Sui, which has gained popularity in the decentralized finance (DeFi) space. DeepBook, a project built on Sui, is set to launch its DEEP token on October 14. DEEP token holders will have voting rights and can earn rewards for staking the token. The token launch is important as it offers discounts on trades and aims to increase liquidity in the Sui ecosystem. Sui, which is making its way into the DeFi market dominated by Ethereum and Solana, sees DeepBook's token launch as a step forward for its ecosystem.



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