As market sentiment improves, investors' desire for on-chain returns continues to increase. In the DeFi world, liquidity mining has become an important way to obtain returns. Today I have compiled some opportunities for you to obtain returns on Sui's decentralized exchange Turbos, with the highest annualized return reaching 240%. Website: app.turbos.finance/#/pools
Since its launch in June 2022, Turbos Finance has received investment from institutions such as Mysten Labs and Jump Crypto. Turbos' centralized liquidity design allows users to customize the market-making price range and maximize returns based on the corresponding annualized rate of return (APR) while avoiding highly uncertain losses. In addition, Turbos has integrated the#wormholefunction to facilitate users to cross-chain assets to Sui Network for trading.
As a liquidity provider, users can start mining operations on the "Earn" page of Turbos. Select a token pair, then set the price range and amount of liquidity to establish a position.
We have sorted out the mining income and lock-up data of the six mainstream Turbos liquidity pools to understand the income sources and annualization of each token pair. At present, the three token pairs with the highest annualized yields in the pool are SUI-USDC (259% annualized), TURBOS-SUI (230% annualized) and FUD-SUI (198% annualized). If you invest about $1,000 worth of liquidity, it means that users can get tokens worth $3,400 worth of principal and income after one year, which is a very considerable income.
Among them, in addition to the revenue sharing of transaction fees, TURBOS-SUI and SUI-USDC pools can also obtain additional SUI mining rewards. In addition to SUI's ecological tokens, users can also provide dual-currency USDT-USDC stablecoins for mining on Turbos, with a yield rate of more than 64%.
OKX, a first-tier exchange, recently announced a partnership with Turbos to launch DeFi Suinamiâs liquidity mining activity. As a registered user of OKX, you can directly provide liquidity to Turbos Finance and earn transaction fee income as well as additional mining rewards.
