Turbos Finance: Technology First, Ensuring DeFi Happens on Sui

CN
1 year ago

As the most active ecosystem in the current Move series, and with the help of technological innovation and long-term incentives, the veteran DeFi Turbos will also stand side by side with the ecosystem in this wave of Sui, making Sui a leader in the DeFi field.

The hope of summer is awakened by the heat wave, and the era of Sui's growth is brought to reality by Turbos' acceleration.

With the assistance of Turbos, Sui's efficiency and low latency will produce wonderful chemical reactions with DeFi.

In the recent report released by Messari, the TVL data of Sui network's DeFi has surged to $787 million, with the protagonist being Turbos Finance, and the new chapter of liquidity management they have created - the SUI-USDC automatic rebalancing vault.

In the outbreak period of the public chain, its ecosystem often has more opportunities for participation, whether it is participating in trading or providing liquidity as an LP, there is an opportunity to share the unique benefits of early adopters, and this time, it has come to the time of Turbos.

Sui's veteran in the ecosystem, Turbos is coming aggressively

Currently, Sui's DEX daily trading volume has reached $78 million, and as an OG in the Sui ecosystem, Turbos has already taken the lead.

Turbos was founded in 2022, supported by Mysten Labs, and received strong support from Jump and the Sui Foundation in 2023. The founder, Ted Shao, has many years of experience in the crypto industry.

With the continuous evolution of blockchain technology, Sui, as an efficient, modular, and user-oriented blockchain platform, is increasingly favored by global users. However, asset allocation and management in this ecosystem still have a long way to go. Now, Turbos has quietly appeared, bringing its revolutionary features to open a new chapter for asset and liquidity management on Sui.

Turbos chose Sui to build a liquidity layer that can provide an automatic market maker (AMM) decentralized exchange with centralized liquidity market maker (CLMM) model and derivative trading functions. CLMM (Constant Liquidity Market Maker) is a liquidity model that allows LPs to continuously participate in the market at a constant liquidity level and automatically adjust prices through algorithms.

Among many blockchains, only Sui can meet such high-performance requirements. Turbos' total trading volume has already exceeded $1 billion, with a daily trading volume of $30 million on March 20, and has maintained strong growth in recent trading volumes.

Continuous evolution, technology is supreme

Users often lack awareness of technology, and Turbos is committed to democratizing technology, giving more Web3 natives the opportunity to benefit. Turbos can automatically help users participate in profit sharing.

Turbos is leading the liquidity innovation in the Sui ecosystem. In the rapid development of various DeFi in the Sui ecosystem, Turbos recently focused on launching two innovative liquidity strategies in the Sui DEX, hoping to provide new opportunities for market participants. They are the SUI-USDC automatic rebalancing vault based on the CLMM DEX innovation and the SUI-USDC DCA strategy.

First, let's talk about the centralized liquidity market making (CLMM), which aims to optimize liquidity provision strategies in an innovative way. Unlike traditional liquidity models, CLMM does not rely on external prices and can operate in a decentralized manner. It can provide users with real-time and accurate token pricing, which is particularly important for spot and derivative trading.

From Turbos' past development, the CLMM model combined with new strategies allows Turbos to provide leveraged centralized liquidity on Sui. Specifically:

  • Automated rebalance vaults are a liquidity management tool that can automatically adjust the ratio of assets in the liquidity pool through smart contracts to maintain the preset liquidity range and optimize trading fee income. This mechanism helps reduce the impermanent loss risk faced by liquidity providers and improves capital efficiency.

  • DCA strategy: SUI-USDC DCA strategy, to reduce the impact of price fluctuations.

The DCA strategy will open up new avenues for systematic investment, and the automatic rebalancing vault mechanism will not only open a new era for Sui DeFi, but also envision a new chapter for liquidity management in DeFi as a whole.

In short, Turbos' upcoming SUI-USDC DCA is expected to attract users through automatic compounding fees and rewards, simplifying the formation process for liquidity providers through single-token deposits.

DCA is expected to increase TVL and trading volume, and reduce the impact of price fluctuations through the DCA LP function. This model not only improves asset management efficiency but also enhances security.

Turbos' strategies greatly optimize the user experience through automated design. Users no longer need to intervene frequently, and the automatic rebalancing of the vault and the automatic compounding of rewards allow users to focus more on investment strategies themselves, rather than daily management tasks. In addition, the simplified withdrawal and claiming process also brings users greater flexibility and convenience.

These two strategies not only bring innovation to the Sui ecosystem but also provide a new perspective for the entire DeFi field. By improving capital efficiency, reducing risk, and optimizing user experience, Turbos is leading a revolution in liquidity management and investment strategies. With the launch of these strategies, the market also expects Turbos to continue to drive the development of DeFi and provide users with more diverse and efficient investment tools.

Turbos' technological innovation is the underlying force for its continuous growth on Sui, and in terms of ecosystem development, Turbos has established a close partnership with Sui.

Automatic rebalancing vault: a new chapter in liquidity management

Recently, Turbos launched the automatic rebalancing vault strategy, allowing users to not only choose the desired liquidity range and provide SUI and USDC tokens but also participate in this trading mode in a more controllable manner.

In less than 24 hours of going live, the vault has accumulated a TVL of 368K and generated over $1000 in fees and incentives.

In simple terms, Turbos pairs these tokens to form corresponding NFTs for the vault, representing the user's share in the vault. This not only ensures the balanced contribution calculation of users in the liquidity pool but also allows users to experience higher capital efficiency through the preset SUI and USDC ratio.

In the design of automatic rebalancing, Turbos has independently designed and finely polished the entire process of liquidity management, market making, and trading, which is significantly different from similar products on the market. Specifically, it has several features:

Uniquely personalized position and range management

Unlike the uniform management approach of other platforms, Turbos allows Sui users to personalize their position and range management.

On the Turbos platform, each user can precisely position their assets according to their own strategy, whether choosing a stable central area or pursuing higher returns on the aggressive edge, all under the user's control. This personalized service undoubtedly provides users with unprecedented freedom in asset management.

High-frequency automatic position adjustments

Turbos platform supports users in high-frequency automatic adjustments of asset positions through SUI's unique fee rate design mechanism. This means that during market fluctuations, Turbos can respond in real-time, automatically adjusting asset positions to maintain the ideal asset allocation and effective risk management.

As a result, users can maintain the flexibility and efficiency of asset management in turbulent markets, making this strategy very flexible and enabling talented traders to achieve higher returns.

It can be seen that Turbos provides users with a system that operates automatically after being set. Users only need to deposit a single token or token pair, and the rest of the work is taken care of by Turbos. This user-friendly design makes earning profits effortless, without the need for frequent user intervention.

Turbos' protocol features include automatic rebalancing, even if the asset position of the LP (liquidity provider) falls out of the active range, the system will automatically adjust to ensure continuous optimization. In addition, its automatic compounding feature allows users to easily collect rewards and experience wealth accumulation and growth through the power of compounding.

Redefining asset management on SUI

The emergence of Turbos represents not only a technological breakthrough but also a new philosophy of asset management - convenient, efficient, and maximizing benefits. On the SUI chain, users are not only pursuing maximized returns but also seeking convenience in management and freedom of time.

By continuously adjusting the fund allocation of the SUI-USDC trading pair, the vault can maintain balance within the target liquidity range, which not only maximizes trading fee income but also effectively reduces the risk of impermanent loss. In addition, users can passively accumulate rewards, including trading fees and other incentives, by holding vault NFTs, allowing users to earn profits through multiple channels.

As a new canvas, SUI welcomes the addition of various innovative applications in an open and inclusive manner. Turbos, like a colorful paint, adds a brilliant stroke to this canvas. Whether it's a seasoned asset manager or a newcomer to this world, Turbos can provide the most thoughtful and efficient services, making every investment full of endless possibilities.

Conclusion: Turbos accelerates development, real returns are king

Talk is Cheap. Show me your APY.

In this year's public chain competition, the Move series has stood firm, Solana has crashed, and Ton has a high threshold. Sui has been quietly cultivating for several years and has finally reached the moment of singing. At this time of advancement, Turbos keenly recognizes that APY is the real treasure to attract users.

Turbos has also specifically launched an innovative intelligent routing mechanism designed for the Sui-Move language, which is the first of its kind in the Sui DEX. This is a major breakthrough for this emerging ecosystem and can achieve a more efficient level of SWAP.

Turbos hopes to show users the level of DeFi returns on Sui, and for the SUI/USDC pool, the current APY is as high as 672%. Based on the CLMM automatic rebalancing strategy, it actively manages your SUI-USDC pair position, continuously adjusts the liquidity range to optimize market trends. It automatically adjusts liquidity for users at favorable price ranges and automatically accumulates accrued fees and rewards within a single vault, ultimately achieving a yield far beyond existing DeFi products.

Turbos has always believed that the development of the ecosystem ultimately needs to benefit users. For this reason, Turbos provides SUI token incentives to liquidity providers for mainstream trading pairs such as SUI-USDC, TURBOS-SUI, USDC-USDT, and haSUI-SUI, offering generous incentives to users.

As the most active ecosystem in the current Move series, and with the help of technological innovation and long-term incentives, the veteran DeFi Turbos will also stand side by side with the ecosystem in this wave of Sui, making Sui a leader in the DeFi field.

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