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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Turbos Finance launches Sui Testnet to make final preparations for Mainnet launch.
The decentralized trading platform Turbos Finance on the Sui Network public blockchain announced on April 27 that it has launched a permanent Testnet version on Sui's public Testnet. This move coincides with Sui Network's plan to officially launch the Mainnet on May 3, 2023.
As a non-custodial trading platform, Turbos Finance is committed to becoming one of the first protocols to deploy functional centralized liquidity platforms within the Sui ecosystem. The launch of the permanent Testnet provides users with the opportunity to familiarize themselves with the platform's unique features and the Sui Network user experience, while also collecting valuable feedback to further improve the product.
The Testnet showcases the advantages of Turbos Finance's centralized liquidity provision (CLMM) model. Users can customize the range of liquidity they provide, concentrating funds within specific price intervals to earn a larger proportion of trading fees with less capital. This approach is more advantageous compared to traditional liquidity models based on the xy=k invariant.
To enhance user experience, the platform provides ways to obtain Sui Network Testnet tokens, including SUI, BTC, ETH, and USDC, allowing users to try trading and providing liquidity. In addition, Turbos Finance offers comprehensive tutorials to guide users through the Testnet experience, covering aspects such as wallet connection, acquiring test tokens, and navigating the platform.
Ted, the co-founder and CEO of Turbos Finance, stated: "The launch of the permanent Testnet is the final stage of our preparations for the Mainnet launch. With the Sui Mainnet set to launch in early May, we have timed this perfectly. We are confident that we can quickly and smoothly launch our platform on the Sui Mainnet."
Turbos Finance is a non-custodial decentralized trading platform built on the Sui Network, aimed at serving all users. The platform offers an efficient and composable automated market maker (AMM) decentralized exchange, featuring a concentrated liquidity market maker (CLMM) model and derivative trading capabilities.