Surf Protocol Upgrades TurboFlow On-Chain PerpDEX With 1000x Leverage

According to TurboFlow, formerly Surf Protocol, the platform now offers up to 1000x leverage, zero fees, zero slippage, and a minimum 1% fee on profits to enhance trading efficiency.

Summary

TurboFlow, formerly known as Surf Protocol, confirmed on Oct. 27 the rollout of its enhanced fully on-chain decentralized perpetual exchange. The upgrade introduces up to 1000x leverage, zero trading fees, and zero slippage, with a minimum 1% fee applied only to profits. It retains existing improvements such as multi-exchange price feeds, automated asset migration, gas cost coverage, and enhanced risk controls, aiming to boost user trading experience and efficiency.

Terms & Concepts
  • PerpDEX: A decentralized exchange for perpetual contracts, allowing continuous trading without expiry dates.
  • On-chain: Refers to transactions and operations recorded directly on a blockchain, ensuring transparency and immutability.
  • Leverage: The use of borrowed funds to increase potential returns, expressed as a ratio of total position size to margin.