Turbos Finance has announced two liquidity strategies that will soon become available to users of the Sui blockchain.
The organization aims to use these fresh approaches to change the provision of liquidity and handling of assets for a wide range of consumers, including individual investors and expert strategy professionals.
What are the strategies and how do they work?
One of the strategies to be implemented is the automated liquidity management vault that is created purposely for Concentrated Liquidity Market Maker (CLMM) positions on Turbos’ decentralized exchange. This innovative technology is expected to allow regular investors to act as managers for their own portfolios or act as liquidity providers while they benefit from Sui’s gas fees. This is aimed at improving the safe handling of assets.
The second strategy combined DCA (dollar-cost averaging) and an auto-swap feature to simplify the process of providing liquidity. In addition, the “Auto-compound Fee and Rewards” feature will make it easier to form LP pairs by supporting single-token deposits.
The yet-to-be-launched strategies could also help reduce obstacles faced by new entrants to the ecosystem. Additionally, Turbos Finance aims to mitigate the effects of price swings by implementing DCA capabilities.
Commenting on this development, Ted, Co-founder of Turbos Finance, said:
“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.”
Turbos Finance introduces referral program
To further enhance user adoption and promote these strategies, Turbos Finance invites users to use a referral program that offers a waiver fee to increase their rewards and benefits after the launch.
Turbos Finance is launching the new liquidity strategies on May 3, and plans to make continuous improvements to ensure that they deliver the highest level of security and user experience. Meanwhile, the launch of the DCA strategies is expected to take place in Q3.
Expressing enthusiasm for these developments, Adeniyi Abiodun, Co-founder and Chief Product Officer (CPO) at Mysten Labs and investor in Turbos Finance, commented:
“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.”