APR Up to 240%: A Guide to Mining Opportunities on Sui's Decentralized Exchange Turbos
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APR Up to 240%: A Guide to Mining Opportunities on Sui's Decentralized Exchange Turbos
Turbos Finance has received investments from institutions such as Mysten Labs and Jump Crypto since its launch in June 2022.
Navigating Web3 tides with focused insightsAs market sentiment improves, investor demand for on-chain yields continues to rise. In the DeFi space, liquidity mining has become a key method for generating returns. Today, I’ve compiled some yield opportunities available on Turbos, Sui’s decentralized exchange, with the highest annual percentage rate (APR) reaching up to 240%.
Turbos Finance has received investments from institutions such as Mysten Labs and Jump Crypto since its launch in June 2022. Turbos’ concentrated liquidity design allows users to customize market-making price ranges and maximize returns based on corresponding annual percentage rates (APR), while minimizing impermanent loss. Additionally, Turbos has integrated Wormhole functionality, enabling users to easily bridge assets to the Sui Network for trading.
As liquidity providers, users can start mining through Turbos' "Earn" page. By selecting a token pair, setting a price range for their liquidity, and specifying the amount, they can establish a position.
I have compiled yield and total value locked (TVL) data for six major Turbos liquidity pools, providing insights into each pool's income sources and APRs. Currently, the three highest-yielding pools are SUI-USDC (240% APR), TURBOS-SUI (230% APR), and FUD-SUI (211% APR). For example, investing approximately $1,000 worth of liquidity means users could receive tokens valued at around $2,400 after one year, representing highly attractive returns.
In addition to earning trading fee revenue, the TURBOS-SUI and SUI-USDC pools also offer additional SUI mining rewards. Beyond SUI ecosystem tokens, users can also provide dual stablecoins USDT-USDC on Turbos for mining, achieving yields exceeding 63%.
Recently, leading exchange OKX announced a collaboration with Turbos, launching a DeFi Suinami liquidity mining campaign. As an OKX registered user, you can directly provide liquidity to Turbos Finance and earn both trading fee income and additional mining rewards.
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