Thu, November 28

Turbos Finance Unveils Pioneering Liquidity Strategies on Sui Ecosystem

Sui Network Celebrates 1-Year Mainnet Debut Amidst Tokenomics Criticism Defi News

Within the Sui ecosystem, decentralized exchange Turbos Finance has announced the introduction of two innovative liquidity strategies. The strategies include a novel Auto-swap feature linked with Dollar-Cost Averaging (DCA) strategies for easier liquidity provision, and a Sui network-centric automated liquidity management vault for CLMM positions on the Turbos DEX.

LPs will be able to boost their returns with less effort thanks to the automated rebalancing vaults on the DEX, and users like professional strategy managers and individual investors may improve their strategies and maximize LP yield by using Turbos’ cutting-edge solutions.

One of Turbos’ most significant contributions to automated rebalancing vaults is the Isolated Position Model, which departs from the conventional share pool model—which is vulnerable to manipulation of prices. By using Sui’s remarkable gas efficiency and scalability, this strategy provides LPs with the advantage of individual fund management while also setting a new DeFi standard for asset management security and efficiency.

Meanwhile, the introduction of Auto-compound Fee and Rewards, which permits single-token deposits for automatic pairing, will make it simpler to form LP pairs. In order to lessen the effects of price volatility, this feature aims to increase user traffic, enhance network activity and Total Value Locked (TVL), and bring systematic investing via DCA LP capability. In order to further improve user advantages, Turbos will concurrently launch a referral program that will reward and incentivize active users with fee waivers.

On May 3rd, these new liquidity strategies will be live, and further upgrades and improvements are planned to improve user experience and efficiency even more. In Q3, DCA strategies will be introduced.

Ted, Co-founder of Turbos Finance stated:

“Our rebalance vault leverages the unique capabilities of Sui to transform user interaction with DeFi. Users precisely manage their assets individually, adapting to market shifts with real-time, high-frequency adjustments. Our vault simplifies asset management through rebalancing and compounding to maximize returns with minimal effort.”

Adeniyi Abiodun, Co-founder and Chief Product Officer (CPO) at Mysten Labs, who are investors in Turbos Finance added:

“I’m thrilled to see the innovative digital asset management strategies introduced by Turbos Finance. It’s always fulfilling to see new possibilities offered to builders with Sui’s object data model, exceptional gas efficiency, and scalable architecture.”

A devoted content writer having 3 years of crypto trading experience. Loves cooking and swimming. Stays up to date with the latest developments on blockchain technology.