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Sui public chain DEX Turbos Finance launches permanent Testnet, Mainnet launch is imminent.
The decentralized trading platform Turbos Finance on the Sui Network public chain announced on April 27 that it has launched a permanent Testnet version on the Sui public Testnet. It is noteworthy that the Sui Network plans to officially launch its Mainnet on May 3, 2023.
With technical support, Turbos Finance strives to become one of the first protocols to deploy a functional centralized liquidity platform in the Sui ecosystem. The launch of this permanent Testnet allows users to experience the unique features of the platform and the operational experience of the Sui Network, while gathering feedback to optimize the product. The Testnet application demonstrates the advantages of the Turbos Finance centralized liquidity market-making (CLMM) model.
Turbos Finance allows users to customize the range of liquidity they provide, concentrating funds within specific price intervals to earn more trading fees with less capital. This approach is more advantageous compared to traditional liquidity models based on the xy=k invariant.
Users can obtain tokens such as SUI, BTC, ETH, and USDC on the Sui Network permanent Testnet through a specified website to try trading and provide liquidity. The platform also offers comprehensive tutorials to guide users through the Testnet experience, including wallet connection, Testnet token acquisition, and application navigation. To gather feedback on the Testnet, Turbos Finance encourages users to join its community and share their experiences.
Ted, co-founder and CEO of Turbos Finance, stated: "The launch of the permanent Testnet is the final phase before our Mainnet goes live. Considering that the Sui Mainnet is set to launch in early May, this timing is very ideal. We expect to follow up quickly and successfully launch our platform on the Sui Mainnet."
Turbos Finance is a non-custodial decentralized trading platform built on the Sui Network, open to all users. The platform offers an efficient and composable automated market maker (AMM) decentralized exchange, featuring a concentrated liquidity market maker (CLMM) model and derivatives trading capabilities.