What is Turbos Finance?

Turbos Finance is an ultra-efficient decentralized cryptocurrency trading marketplace built on the Sui network. It is currently one of the main platforms hosting ecosystem applications on the Sui blockchain. Dedicated to bridging projects within the Sui ecosystem and the market, Turbos aims to provide the Sui mainnet with a robust public infrastructure. At its core is a concentrated liquidity automated market maker (AMM) with a complex fee structure. Turbos revolutionizes decentralized trading by promoting the concept of concentrated liquidity, maximizing returns while granting liquidity providers complete autonomy. It also simplifies the user experience, enabling even novice users to quickly engage with and enjoy decentralized trading.

Turbos has achieved over $3 billion in cumulative trading volume on Sui Network. According to official Turbos Finance data, the platform has nearly 500,000 active accounts, with peak daily trading volume approaching $50 million and total transaction volume exceeding $2.9 billion. Furthermore, the top ten tokens in the Sui ecosystem have chosen to list on Turbos.

Turbos Statistics (Source: app.turbos.finance)

Project Background

Turbos Finance was established in June 2022 with support from Mysten Labs. In March 2023, Turbos Finance secured seed funding from Jump Crypto, though the exact amount was not disclosed. In May of the same year, Turbos Finance officially launched on the mainnet and issued its native token, $TURBOS.

The co-founder and CEO of Turbos Finance, Ted Shao, holds a Ph.D. from the University of Southern California. He previously served as COO of Shadows Network and has extensive experience in blockchain management.

Core Product

The primary functionalities of Turbos Finance are trading and earning, centered around a Concentrated Liquidity Market Maker (CLMM), perpetual AMM, TurbosBoost Camp, and other trading components. Additionally, foundational infrastructures on the Sui network, such as staking and lending, are compatible with Turbos, forming a robust and comprehensive platform.

Key Components of Turbos (Source: turbos.finance)

Concentrated Liquidity AMM

As the most popular DEX on the Sui network, the core of Turbos is its Concentrated Liquidity Market Maker (CLMM). CLMM allows users to provide liquidity within specific price ranges, enhancing capital efficiency and reducing impermanent loss for liquidity providers, ensuring a sustainable and profitable trading experience. Concentrated liquidity also facilitates ultra-low slippage trade execution. Liquidity providers can set their liquidity within price ranges above or below the market price, offering greater flexibility in trade execution for LPs. Unlike traditional models, CLMM does not rely on external price oracles, ensuring the framework’s robustness and decentralization.

Perpetual AMM

The Perpetual AMM primarily supports low-risk assets like BTC, ETH, and SUI, as well as some long-tail assets, operating with lower leverage levels and dynamically adjusting to market liquidity conditions. This approach ensures the stability and security of the Perpetual AMM while enabling the inclusion of a broader range of assets.

TurbosBoost Campaign

TurbosBoost provides an opportunity for builders in the Sui ecosystem to participate in IDO/IEO campaigns, aiming to drive growth and innovation within the Sui ecosystem. Projects that create liquidity pools on Turbos are given access to a dynamic platform where they can participate in TurbosBoost campaigns through a voting system based on TURBOS tokens. Winning projects are recommended to our partnered centralized exchanges (CEX), giving them the chance for listings, greater exposure, and critical investment opportunities.

Turbos is tailored to support the growth and expansion of selected protocols within the Sui ecosystem. Through the TurbosBoost campaign, it identifies and empowers high-quality projects on the Sui network, offering comprehensive support in infrastructure, resources, and promotion, fostering mutual growth and development.

$TURBOS Tokenomics

$TURBOS is Turbos Finance’s native token, featuring multiple functionalities and strong infrastructure support. The token enables governance participation, voting rights, transaction fee discounts, and other services—all designed to reward community members and foster ecosystem growth.

$TURBOS Token Distribution

$TURBOS has a maximum supply of 10,000,000,000 tokens

50% allocated for mining and reward incentives

18% allocated to the team

15% allocated to private investors

12% allocated to funds (IDO, IEO, partnerships)

5% allocated to marketing and operations

All team and investor tokens will follow a 3-year vesting schedule with a 6-month lock-up period.

Token distribution chart (Source: turbos.finance)

$TURBOS Use Cases

• Governance: TURBOS tokens support on-chain governance, granting token holders the right to propose and vote on changes to DEX rules and policies, ensuring platform adaptability and community-driven development.
• Voting: TURBOS tokens enable holders to participate in voting on specific proposals or decisions, such as introducing new trading pairs or recommending projects to CEX partners, promoting collaborative decision-making.
• Staking: TURBOS tokens can be staked to provide liquidity to the platform, with users benefiting from receiving a portion of transaction fees as rewards. The staking mechanism incentivizes users to contribute to liquidity pools, fostering a liquid and efficient trading environment.
• Transaction Fee Discounts: TURBOS tokens can be used to provide transaction fee discounts or cashback for users holding a certain amount of tokens, stimulating token demand and driving potential value growth.

How to Obtain $TURBOS Token

You can purchase $TURBOS tokens on reputable cryptocurrency exchanges like Gate.io. To get started, register for a Gate.io account, complete KYC verification, and deposit funds to begin trading $TURBOS tokens.

Conclusion

Turbos Finance’s yield optimization mechanism has drawn numerous users, driving capital inflows into both the platform and the broader Sui ecosystem, energizing the market. Its unique Concentrated Liquidity AMM distinguishes Turbos from other DeFi platforms, earning strong support from market participants. The platform’s native token, $TURBOS, serves multiple functions within the ecosystem, attracting liquidity and fostering a robust environment for decentralized trading.

With Bitcoin’s steady rise and memecoin momentum, the market is experiencing intense FOMO sentiment. As the go-to platform for memecoins on the Sui network, Sui’s on-chain TVL has jumped 49.8% this month, while weekly trading volume has hit $2.4 billion. This memecoin surge is expected to draw increased attention to Turbos Finance as the primary launch platform. With its patient, strategic approach to growth, Turbos Finance shows strong potential for future expansion.