The decentralized trading platform Turbos Finance on the Sui Network has released a permanent Testnet version

A decentralized trading platform of Sui Network recently announced the launch of a permanent testnet version on the public Testnet. The platform, named Turbos Finance, is a non-custodial exchange, and its release coincides with Sui Network's plan to launch its mainnet on May 3.

The goal of this platform is to become one of the first protocols to deploy a functional centralized liquidity platform on Sui. The launch of the permanent Testnet provides users with the opportunity to familiarize themselves with the platform features and the Sui Network user experience, while also helping to collect feedback to improve the product.

Turbos Finance adopts a centralized liquidity market making ( CLMM ) model, which allows users to customize the range of provided liquidity, concentrating funds within a specific price range, thereby obtaining a larger proportion of trading fees with less capital. Compared to traditional liquidity models based on the xy=k invariant, this approach is more advantageous in providing liquidity.

On the permanent Testnet, users can obtain tokens such as SUI, BTC, ETH, and USDC to experience trading and provide liquidity. The platform also offers detailed tutorials to guide users through the Testnet experience, including steps for wallet connection, acquiring Testnet tokens, and navigating dApps.

The co-founder and CEO of Turbos Finance said: "The launch of the permanent Testnet signifies that we are fully prepared for the mainnet release. Considering that the Sui mainnet is set to launch in early May, this timing couldn't be better. We look forward to successfully launching our platform on the Sui mainnet."

Turbos Finance is a decentralized exchange designed for all users (DEX), built on the Sui Network. It offers efficient and composable automated market maker (AMM) functionality, combining centralized liquidity market maker (CLMM) model and derivative trading functionalities.