Turbos Finance: Technology first, ensuring DeFi happens on Sui

This article is machine translated
Show original
As Sui, the most active ecosystem in the current Move system, with the help of technological innovation and long-term incentives, the veteran DeFi Turbos will also walk side by side with the ecosystem in this round of Sui wave and build Sui into the first echelon in the DeFi field.

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

With the help of Turbos, Sui's high efficiency and low latency will produce a wonderful chemical reaction with DeFi.

In the Sui report recently released by Messari, the TVL data of Sui network DeFi began to soar to US$787 million. The protagonist is Turbos Finance, which we will introduce today, and the new chapter of liquidity management they created - SUI-USDC automatic rebalancing vault.

During the explosive growth of public chains, there are often more opportunities to participate in their ecosystems. Whether participating in transactions or providing liquidity as an LP, there is an opportunity to share the unique benefits of early adopters. This time, it is Turbos’ time.

Sui Eco-veteran, Turbos is coming on strong

Currently, Sui's DEX daily trading volume has reached 78 million US dollars. As the OG of Sui's ecosystem, Turbos has already taken the lead.

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

With the continuous evolution of blockchain technology, Sui, as a high-performance, modular, and mass-oriented blockchain platform, is increasingly favored by users around the world. However, the configuration and management of assets in this ecosystem is still a long way to go. Now, Turbos has quietly appeared, bringing its revolutionary features, opening a new chapter for asset and liquidity management on Sui.

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

Among many blockchains, only Sui can meet such high-performance requirements. Turbos' total transaction volume has exceeded 1 billion US dollars, and the daily transaction volume on March 20 reached 30 million US dollars, and it has maintained a strong growth momentum in recent transaction volumes.

Continuous evolution, technology first

Users often lack awareness of technology, but Turbos is committed to popularizing technology so that it has the opportunity to benefit more Web3 natives. Turbos can automatically help users participate in revenue sharing.

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

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

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

  • Automated rebalance vaults is a liquidity management tool that can automatically adjust the proportion of assets in the liquidity pool through smart contracts to maintain the preset liquidity range and optimize transaction fee income. This mechanism helps reduce the risk of Impermanent Loss faced by liquidity providers and improve capital efficiency.

  • DCA strategy: SUI-USDC DCA strategy reduces the impact of price fluctuations.

Among them, the DCA strategy will open up new avenues for systematic investment, and the automatic rebalancing treasury mechanism will not only open a new era for Sui DeFi, but also open up a new chapter in liquidity management for the entire DeFi.

In short, the SUI-USDC DCA that Turbos plans to launch simplifies the process of forming liquidity provider pairs through automatically compounding fees and rewards, allowing users to be automatically paired through a single token deposit, attracting users.

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

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

Turbos's two strategies not only bring innovation to the Sui ecosystem, but also provide a new development perspective for the entire DeFi field. By improving capital efficiency, reducing risks, and optimizing user experience, Turbos is leading a revolution in liquidity management and investment strategies. With the launch of these strategies, the market will also expect Turbos to continue to promote the development of DeFi and bring users more abundant and efficient investment tools.

Turbos' technological innovation is the underlying force for its continued upward growth on Sui, and in the development of the ecosystem, Turbos has also established a close cooperative relationship with Sui.

Automatically rebalancing vaults: a new chapter in liquidity management

Recently, Turbos launched an automatic rebalancing vault strategy, which allows users to participate in this trading model in a more controllable mode by not only selecting the desired liquidity range and providing SUI and USDC tokens.

Less than 24 hours after going online, the vault has accumulated 368K TVL and more than $1,000 in fees and incentives.

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

In the design of automatic rebalancing, Turbos has independently designed and fine-tuned the entire process from product liquidity management to market making and trading, which is significantly different from similar products on the existing market. Specifically, it has multiple features:

Unique and personalized location and range management

Different from the unified management method of other platforms, Turbos allows Sui users to perform personalized location and range management.

On the Turbos platform, each user can accurately position their assets based on their own strategies, whether choosing a stable central area or pursuing a radical edge with higher returns, all can be controlled by the user. This personalized service undoubtedly provides users with unprecedented freedom in asset management.

High frequency automatic position adjustment

The Turbos platform supports users to automatically adjust asset positions at high frequencies through SUI's unique rate design mechanism. This means that when the market fluctuates, Turbos can respond in real time and automatically adjust asset positions to maintain ideal asset allocation and conduct effective risk management.

This allows users to maintain flexibility and efficiency in asset management in turbulent markets. This strategy is very flexible and allows talented traders to obtain higher returns.

It can be seen that Turbos provides users with a system that can be set up and run automatically. Users only need to deposit a single token or token pair, and Turbos will take care of the rest. This system is thoughtfully designed to make it easy to earn income without the need for frequent user intervention.

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

Redefining asset management on SUI

The emergence of Turbos is not only a technological breakthrough, it represents a new philosophy of asset management - convenient, efficient and maximized benefits. On the SUI chain, users pursue not only the maximization of returns, but also the convenience of management and the freedom of time.

By continuously adjusting the capital ratio of the SUI-USDC trading pair, the Treasury can maintain a balance within the target liquidity range, which not only helps to maximize transaction fee income, but also effectively reduces the risk of non-permanent losses. In addition, by holding Treasury NFTs, users can passively accumulate rewards including transaction fees and other incentives, and users can obtain income through multiple channels.

As a brand new canvas, SUI welcomes all kinds of innovative applications with an open and inclusive attitude. Turbos is like the colorful paint, adding a brilliant touch to this canvas. Whether you are a senior asset manager or a novice entering this industry, Turbos can provide the most considerate and efficient service, making every investment full of infinite possibilities.

Conclusion: Turbos development is accelerating , real yield are king

Talk is Cheap. Show me your APY.

In this year’s public chain competition, the Move public chain has established a firm foothold, Solana has been down, and the threshold for Ton is high. Sui has been working silently for several years and has finally reached the moment of success. It is time to forge ahead, and Turbos keenly realizes that APY is the real magic weapon to attract users.

Turbos also launched an innovative smart routing mechanism designed specifically for the Sui-Move language, which is a first for Sui-based DEX and a major breakthrough for this emerging ecosystem, enabling more efficient SWAP levels.

Turbos hopes to show more users the level of returns on DeFi on Sui. Taking the SUI/USDC pool as an example, the current APY is as high as 672%. Based on the CLMM automatic rebalancing strategy, you can actively manage your SUI-USDC pairing position and continuously adjust the liquidity range to optimize market trends. Automatically adjust liquidity for users within a favorable price range, and automatically accumulate accrued fees and rewards in a single vault, ultimately achieving a rate of return far exceeding existing DeFi products.

Turbos has always believed that the development of the ecosystem will ultimately benefit users. To this end, Turbos provides SUI token incentives to liquidity providers for mainstream trading pairs such as SUI-USDC, TURBOS-SUI, USDC-USDT and haSUI-SUI, providing users with generous incentives.

As Sui, the most active ecosystem in the current Move system, with the help of technological innovation and long-term incentives, the veteran DeFi Turbos will also walk side by side with the ecosystem in this round of Sui wave and build Sui into the first echelon in the DeFi field.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
2
Comments