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Sui's first non-custodial DEX Turbos Finance launches a permanent Testnet to pave the way for Mainnet launch.
The first non-custodial DEX on the Sui blockchain, Turbos Finance, launches a permanent Testnet
The Sui Network ecosystem welcomes an important development. On April 27, the non-custodial decentralized trading platform Turbos Finance, based on this Layer 1 public chain, announced the launch of the permanent testnet version on the Sui public Testnet. This move coincides with the upcoming mainnet launch of Sui Network on May 3, injecting new momentum into the development of the ecosystem.
Turbos Finance is committed to becoming one of the first protocols to deploy centralized liquidity functions on Sui. The platform uses a centralized liquidity market-making (CLMM) model, which provides users with more advantages compared to the traditional xy=k constant model. Users can customize the liquidity provision range, concentrating funds in specific price intervals, thus obtaining more trading fees with less capital.
On the permanent Testnet, users can experience the unique features of Turbos Finance and the user interface of the Sui Network. The platform provides test tokens such as SUI, BTC, ETH, and USDC for users to try trading and providing liquidity. To assist users in having a smooth experience, Turbos Finance has also prepared comprehensive tutorials covering topics such as wallet connection, acquiring test tokens, and application navigation.
Ted, the co-founder and CEO of Turbos Finance, stated: "The launch of the permanent Testnet signifies that we are fully prepared for the mainnet release. With the Sui mainnet set to launch in early May, the timing couldn't be better. We look forward to a smooth deployment on the Sui mainnet."
Turbos Finance, as a DEX for everyone, is built on the Sui Network. It not only provides efficient automated market maker (AMM) functions but also plans to introduce features such as derivatives trading, aiming to provide users with a comprehensive decentralized trading experience.
With the upcoming launch of the Sui Network mainnet, the launch of Turbos Finance's permanent Testnet undoubtedly adds anticipation to the entire ecosystem. This not only showcases the technical strength of the project team but also paves the way for the development of decentralized finance ( DeFi ) in the Sui ecosystem. In the future, we have reason to believe that Turbos Finance will play an important role in the Sui ecosystem, providing users with more diversified and efficient decentralized trading options.