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The Sui ecosystem adds a new player as Turbos Finance launches a permanent Testnet.
The decentralized trading platform Turbos Finance on the Sui Network launches a permanent Testnet
Recently, a non-custodial decentralized trading platform built on the Sui Network public blockchain announced the release of a permanent Testnet version on Sui's public Testnet. It is understood that the Sui Network plans to officially launch its mainnet on May 3, 2023.
The platform named Turbos Finance is committed to becoming one of the first functional centralized liquidity protocols deployed on Sui. By launching a permanent Testnet, the platform allows users to experience its unique features and the user experience of the Sui Network in advance, while collecting feedback to optimize the product.
Turbos Finance adopts a Concentrated Liquidity Market Making (CLMM) model, allowing users to customize the liquidity provision range, concentrating funds within a specific price range, thereby earning more trading fees with less capital. This approach has a significant advantage in liquidity efficiency compared to the traditional xy=k constant product model.
Users can obtain tokens on the Sui Network Testnet through the platform, such as SUI, BTC, ETH, and USDC, for testing transactions and providing liquidity. To help users get started quickly, Turbos Finance also offers detailed tutorials covering wallet connections, obtaining test tokens, and operational guides.
The co-founder and CEO of Turbos Finance stated: "The launch of the permanent Testnet is the final stage of our preparation for the mainnet. With the Sui mainnet set to launch in early May, we expect to be able to quickly follow up and successfully go live on the Sui mainnet."
As a decentralized exchange aimed at all users, Turbos Finance not only offers efficient automated market maker (AMM) functions but also plans to launch unique services such as derivatives trading, aiming to provide users with a comprehensive decentralized financial experience.