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The new DEX emerging from the Sui ecosystem launches a permanent Testnet for the final sprint to the Mainnet.
The emerging DEX platform on the Sui blockchain launches a permanent Testnet
A decentralized trading platform based on the Sui public chain has recently announced the launch of a permanent Testnet version on the Sui public Testnet. This move comes as the Sui Network mainnet is set to go live on May 3, preparing the platform for its official deployment on the mainnet.
As one of the pioneers in the Sui ecosystem, this platform is committed to being one of the first protocols to implement centralized liquidity features on Sui. The launch of the permanent Testnet gives users the opportunity to experience the platform's unique features and the operational experience of the Sui Network in advance, while also providing the development team with valuable feedback to further optimize the product.
This permissionless Testnet application showcases the advantages of the centralized liquidity market making (CLMM) model adopted by the platform. Users can customize the range of liquidity they provide, concentrating funds within specific price intervals, thus achieving higher returns with less capital. Compared to traditional liquidity models based on the xy=k invariant, this approach offers more efficient liquidity.
In order to facilitate user participation in testing, the platform provides channels to obtain Sui Testnet tokens, including SUI, BTC, ETH, and USDC, etc. Users can use these tokens for trading and simulating liquidity provision. In addition, the platform also offers detailed tutorials to guide users through the entire process of wallet connection, obtaining test tokens, and using DApps.
The platform's co-founder and CEO stated: "The launch of the permanent Testnet is the final preparation for our mainnet launch. With the Sui mainnet set to launch in early May, we look forward to being able to follow up swiftly. We believe that, with our existing partnerships, we can successfully launch our platform on the Sui mainnet."
This emerging decentralized trading platform is built on the Sui Network and aims to provide efficient and composable Automated Market Maker (AMM) trading services for all users. In addition to a concentrated liquidity market maker model, the platform also plans to offer derivatives trading features, further enriching its ecosystem.