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U.S. equities rose 0.30% amidst hopes for a debt ceiling deal between President Biden and House Speaker McCarthy. The broader cryptocurrency market slightly dropped, with Bitcoin and Ether down 0.36% and 0.32%, respectively, in the past 24 hours.
Turbos Finance (TURBOS) is the first decentralized perpetual contract and zero-slippage exchange on Sui, enhancing transaction efficiency, reducing fees, and improving asset liquidity.
TURBOS stands out by consolidating various liquidity services within the Sui ecosystem, including concentrated liquidity AMM, TurboStar launchpad, TurbosBoost, and perpetual trading. TURBOS's goal is to create a solid public infrastructure within the Sui Network, encouraging decentralized trading for mass adoption through capital efficiency maximization, dynamic asset management, and a simplified trading experience. Being an all-in-one DEX backed by established players in the crypto industry, it is easy to see TURBOS as the ‘Uniswap’ and more of SUI; however, it is worth noting that most DEX tokens have high initial inflation and lack of revenue in the beginning.
TURBOS is being listed on Bybit today with an exciting prize pool, find out more here.
Check Out the Latest Prices, Charts, and Data of TURBOS/USDT!
Ribbon Finance's decentralized exchange, Aevo, has introduced options trading for altcoins, a service previously only available via over-the-counter desks. The move allows crypto traders to develop strategies using options for tokens with smaller market caps. Currently, users can only buy and hold options until expiry, and market makers will need to post a 30% collateral in USDC, but Aevo plans to allow option writing with customized margins in the future. Aevo's portfolio margin system has been lauded for its capital efficiency.