Crypto News : Turbos Finance Launches Permanent Testnet Deployment on Sui Network
Turbos Finance has announced the launch of a Permanent Testnet deployment on the public testnet of the Sui Network. This decentralized exchange (DEX) enables both spot and derivatives trading and is preparing to deploy a functional concentrated liquidity platform on the network, with support from Mysten Labs, the primary tech contributor to the Sui Network, and Jump Crypto. This announcement comes just in time as the Sui Network is set to launch on May 3, 2023.
The Permanent Testnet is available to everyone and provides users with an opportunity to familiarize themselves with Turbos Finance’s unique features and the Sui Network’s user experience. Feedback from users will help refine the product.
The testnet demonstrates the advantages of Turbos Finance’s concentrated liquidity market maker (CLMM) model, which allows users to set up custom ranges to provide liquidity, concentrate it around a desired price range, and collect a larger portion of the fees with less capital, providing superior liquidity to traditional platforms.
To access the testnet, users can visit app.turbos.finance and trade or provide liquidity for testnet sui network (SUI), bitcoin (BTC), ethereum (ETH), and USDC tokens.
A comprehensive tutorial is available to guide users through the testnet experience, covering wallet connectivity, testnet token funding, and dapp navigation. Users can join the Turbos Finance Discord server and share their feedback on the testnet-feedback channel.
Ted, the co-founder and CEO of Turbos Finance, said that the Permanent Testnet launch is the last stage before the mainnet launch. He expects a smooth launch on the Sui mainnet, thanks to the strategic partnership with Mysten Labs and Jump Crypto.
The launch of Turbos Finance’s Permanent Testnet on the Sui Network’s public testnet is a significant step for the company as it prepares to deploy its concentrated liquidity platform on the network. The testnet provides an opportunity for users to provide feedback to refine the product before the official launch.
