The design philosophy of the TurboSwap project stems from the teams deep contemplation on the essence of finance and the DeFi domain. With a large scale and vast quantity of on-chain assets, there is an inevitable need for swift, frictionless, and trustless real-time exchanges. While DEXs based on new token exchange protocols, like Uniswap, are highly competitive, there remains significant demand and market potential. Simultaneously, due to technological limitations in blockchain and DeFi, current projects in the DEX space, particularly those on the ETH chain, face numerous issues and shortcomings. Addressing these problems presents opportunities for TurboSwap to stand out.
1) High gas fees.
2) Transaction delays.
3) Impermanent loss caused by AMM algorithms.
4) Excessive slippage on large trades.
To address these challenges and pain points, TurboSwap introduces a novel token exchange protocol that combines PMM algorithms with second-layer scaling network technology. Its aim is to enhance trading performance while eliminating the impermanent loss caused by liquidity through market-making algorithms. Additionally, TurboSwap will introduce platform NFT minting and staking functionalities, offering users more benefits.