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The first batch of DEX Turbos Finance in the Sui ecosystem has launched a permanent Testnet in preparation for the Mainnet launch.
The decentralized trading platform Turbos Finance on the Sui blockchain launches a permanent Testnet
Sui Network, a Layer 1 public chain, is set to officially launch its mainnet on May 3. Prior to this, a non-custodial decentralized trading platform based on Sui, Turbos Finance, released its permanent test version on April 27 on Sui's public Testnet.
Turbos Finance is committed to becoming one of the first protocols to deploy a centralized liquidity platform in the Sui ecosystem. The launch of this permanent Testnet allows users to experience the platform's unique features and the operational interface of the Sui Network in advance, while also providing valuable feedback to the development team, helping to further improve the product.
This Testnet showcases the advantages of the concentrated liquidity market making ( CLMM ) model of Turbos Finance. Users can customize the range of liquidity provision, concentrating funds within a specific price range to earn more trading fees with less capital. This approach is more efficient compared to traditional liquidity models based on the xy=k invariant.
Currently, users can obtain tokens such as SUI, BTC, ETH, and USDC on the Sui Network permanent Testnet through a specific URL, for testing transactions and providing liquidity. To help users smoothly use the Testnet, Turbos Finance also provides detailed tutorials covering various aspects, from connecting wallets to obtaining Testnet tokens.
Ted, the co-founder and CEO of Turbos Finance, stated: "The launch of the permanent Testnet is the final phase of our preparation for the mainnet launch. Given that the Sui mainnet will go live in early May, this timing is very appropriate. We expect to quickly follow up and smoothly launch our platform on the Sui mainnet."
Turbos Finance is a decentralized exchange (DEX) for all users, built on the Sui Network. It offers efficient and composable automated market maker (AMM) functions, adopting a concentrated liquidity market maker (CLMM) model, and features derivatives trading.