Turbos Finance Releases Permanent Testnet Ahead of Sui Mainnet Launch
- The release comes as Sui Network prepares to launch its Mainnet on May 3.
- The Permanent Testnet showcases Turbos Finance’s CLMM model.
Turbos Finance, a non-custodial decentralized exchange (DEX), has announced the launch of its Permanent Testnet deployment on the Sui Network’s public testnet. The announcement comes as the Sui Network prepares for the launch of its Mainnet on May 3, 2023.
The Permanent Testnet aims to familiarize users with Turbos Finance’s unique features and the Sui Network’s user experience (UX) while collecting feedback to refine the product. The testnet is available at app.turbos.finance and showcases the advantages of Turbos Finance’s concentrated liquidity market maker (CLMM) model.
By leveraging the CLMM model, the platform enables users to set up custom ranges, concentrating it around a desired price range and earning more fees with less capital. Turbos Finance has also announced that SUI, BTC, ETH, and USDC will be available for trading and liquidity provision on their testnet.
Ted, co-founder and CEO of Turbos Finance, said:
We’re almost ready for our mainnet launch, with the Permanent Testnet launch being the last stage. 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.
Turbos Finance aims to be among the first protocols to deploy a functional concentrated liquidity platform on the network, with support from Web 3 infrastructure organizations, including Mysten Labs, the Sui Network’s primary tech contributor, and Jump Crypto.
To assist users with navigating the testnet, Turbo Finance has provided a comprehensive tutorial that covers instructions on connecting their wallets, funding testnet tokens, and accessing dApps. Users are also encouraged to join the Turbos Finance Discord server and share their insights on the testnet-feedback channel.