Crypto Gloss

Turbos Finance

Turbos Finance is a concentrated liquidity market maker (CLMM) DEX on Sui Network — the primary competitor to Cetus Protocol for Sui’s on-chain swap volume — offering Uniswap V3-style range liquidity with a Sui-native architecture using object-based NFT positions and integrated swap routing across multiple Turbos pools.

Overview

Turbos Finance launched on Sui mainnet in 2023, backed by Jump Crypto, and positioned itself as Sui’s second major CLMM DEX after Cetus. While sharing the same fundamental CLMM architecture (price ranges, tick bitmap, concentrated liquidity), Turbos differentiates through its relationship with Sui’s native infrastructure (DeepBook integration), a designed-for-large-LP positioning system, and deep Jump Crypto ecosystem support. Turbos and Cetus together form the primary liquidity layer for Sui DeFi, with liquidity aggregators routing between both.

CLMM Architecture on Sui

The protocol is built around the following components.

Pool and Tick System

Like Uniswap V3, Turbos organizes liquidity along discrete ticks:

  • Tick spacing — determines minimum price granularity; varies by fee tier
  • Liquidity bitmap — compact representation of which ticks have liquidity
  • sqrt Price — current pool price stored as square root for efficient calculation

Position NFTs

Each LP position on Turbos is a Sui object (NFT):

  • Contains: pool ID, tick range (lower/upper), liquidity amount, fee accumulator
  • Owned directly by LP wallet — not stored in the protocol’s state
  • Transferable marketplace potential: LP positions tradeable as NFTs

Fee Tiers

Turbos offers multiple fee tier pools:

  • 0.01% — stable/pegged pairs
  • 0.05% — correlated pairs
  • 0.25% — standard volatile pairs
  • 1.00% — high-volatility exotic pairs

Swap Router

Turbos’s swap router enables:

  • Multi-hop swaps (A→B→C across multiple pools in one transaction)
  • Integration with Sui DEX aggregators for best-execution routing
  • Flash swap support: borrow tokens, use within same PTB, repay

TURBO Token

  • Governance — TURBO holders vote on fee parameters, new pool creation conditions, treasury
  • Liquidity incentives — TURBO emissions directed to high-priority pools via governance
  • Backed by Jump Crypto which participated in early liquidity seeding

Jump Crypto Backing

Turbos Finance received early backing and liquidity from Jump Crypto:

  • Jump is a major market maker with deep experience in Solana DeFi (similar environment to Sui)
  • Jump’s liquidity seeding in key Turbos pools (SUI/USDC, USDT/USDC) established initial market depth
  • Provides credibility and institutional liquidity provider context for the protocol

Sources

Related Terms