• Turbos Finance has released a Permanent Testnet deployment on Sui’s public testnet.
• The platform enables users to set up custom ranges in which to provide liquidity, concentrating it around a desired price range and collecting a larger portion of the fees with less capital.
• Through a strategic partnership with Mysten Labs and Jump Crypto, Turbos Finance is aiming to be among the first protocols to deploy a functional concentrated liquidity platform on the network at launch.
Turbos Prepares for Sui Mainnet Launch
Turbos Finance, a non-custodial decentralized exchange (DEX) enabling spot and derivatives trading on the Sui Network, has released a Permanent Testnet deployment on Sui’s public testnet. This significant step comes just in time as the Sui Network gears up for launch on May 3rd, 2023.
Concentrated Liquidity Market Maker (CLMM)
The testnet dApp showcases the advantages of Turbos Finance’s Concentrated Liquidity Market Maker (CLMM) model. The platform enables users to set up custom ranges in which to provide liquidity, concentrating it around a desired price range and collecting a larger portion of the fees with less capital. The approach offers far superior liquidity to traditional platforms based on the xy=k invariant.
Testnet Accessible To Everyone
The testnet is available at app.turbos.finance and enables trading and providing liquidity for testnet SUI, BTC, ETH and USDC tokens, which will be available on mainnet as well. A comprehensive tutorial is available to guide users through the testnet experience, covering wallet connectivity, testnet token funding, and dApp navigation. To provide feedback on the testnet, users are encouraged to join the Turbos Finance Discord server and share their insights on the testnet-feedback channel.
MainNet Launch Imminent
“We’re almost ready for our mainnet launch,“ said Ted Co-founder and CEO of Turbos Finance,“with the Permanent TestNet launch being the last stage.“ Through this strategic partnership with Mysten Labs and Jump Crypto, they expect an imminent smooth launch of their product onto main net very soon upon its release date May 3rd 2023!
About Turbos Finance
Turbos Finance is DEX for all -a non-custodial liquidity layer built atop Sui Network backed by Jump Crypto & Mysten Labs offering an efficient & composable automated market maker DEX utilizing concentrated liquidly market maker model & derivatives trading capabilities!