Turbos Finance Announces Permanent Testnet Launch of its Concentrated Liquidity DEX on Sui’s Public Testnet

A Permanent Testnet deployment has been made available on Sui’s public testnet by Turbos Finance, a non-custodial decentralized exchange (DEX) on the Sui network that enables spot and derivatives trading. This crucial stage coincides with the Sui Network’s preparations for its May 3, 2023 debut.

With the help of Mysten Labs (the primary tech contributor to the Sui Network), and Jump Crypto, Turbos Finance hopes to be one of the first protocols to deploy a usable concentrated liquidity platform on the network.

Users may get acquainted with the distinctive characteristics of the platform and the Sui Network UX on the Permanent Testnet while providing input to assist the product’s development. The testnet dApp is open to all users and highlights the benefits of Turbos Finance’s concentrated liquidity market maker (CLMM) model. By focusing liquidity on a chosen price range and setting up specific ranges for it to operate, users of the platform may receive a higher share of the fees with less funds. When compared to conventional platforms built on the xy=k invariant, the approach delivers much more liquidity.

The testnet, which can be accessed via app.turbos.finance, facilitates trading, and offers liquidity for testnet SUI, BTC, ETH, and USDC tokens, all of which will be accessible on the mainnet. Users may get a thorough tutorial that covers wallet connectivity, testnet token financing, and dApp navigation to help them explore the testnet. Users are urged to join the Turbos Finance Discord server and post their thoughts on the testnet-feedback channel in order to offer input on the testnet.

“We’re almost ready for our mainnet launch, with the Permanent Testnet launch being the last stage,” said Ted Co-founder and CEO of Turbos Finance. “This is perfect timing as Sui launches in early May, and we expect to be there almost immediately. Through the strategic partnership with Mysten Labs and Jump Crypto, we expect a smooth launch on the Sui mainnet very soon.”