TurboSwap
Turbo Swap is a non-custodial and permission-less smart contract based system for coin lending, borrowing, and margin trading.
Last updated
Turbo Swap is a non-custodial and permission-less smart contract based system for coin lending, borrowing, and margin trading.
Last updated
Turbo Swap is a non-custodial and permission-less smart contract based system for coin lending, borrowing, and margin trading. Our turboSwap front-end web interface is interacting with the TBO smart contracts. Built on Binance Chain and/or Ethereum it allows users to deposit, borrow, and trade coins, gaining leveraged long or short market exposure, and earning interests on long positions.
Permission-less and open – everyone with internet access can participate.
Non-custodial – minimal trust cost, users always have ownership over their crypto assets.
Decentralized – Turboswap token empowers the governance voting process.
To receive interest rate you can either
Lend to a lending protocol
provide liquidity to a DEX LP
deposit at a Yield farming application
Token staking
For every solution above there are Pros and Cons
Lending is safe and capital guaranteed but the ratio between the supply and demand is not stable causing the interests rate to go down.
DEX LP has higher interest rates than lending but impermanent loss risks can affect the capital so capital is not guaranteed and by design open to arbitrageurs.
Yield farming has the highest interest rates of the two aforementioned but is a black box configured with complex strategies calling for arbitrage attacks.
Staking is stable but ROI is low.
However the main issues an investor is facing:
Interests rates are extremely volatile
Smart contracts Gas fees are very high
Risk reward evaluation for LP and Yield products are difficult to assess
Mid term ROI assessment is unpredictable
To resolve gas fees Defi protocols are multiplying in various blockchains that making it more complex to split allocation
Conclusion: it is impossible to create a dynamic allocation and management of an investment portfolio to optimize highest profit versus the lowest risk.
Using a cross chain Layer 2 protocol to allow:
Mutualized transaction to lower gas fees
aggregate the highest interests rate among all projects and among all blockchains
mitigate the risk
Use AI to predict best reward for each product
Dynamic allocation
Simple UI/UX => one click strategy
Security is our main concern. We invest to guarantee risk management on multiple levels:
Security audits and formal verifications for the Turboswap protocols: TBA.
Bug Bounty program to reward security coders, white hats, community’s participation in identifying vulnerabilities
Risk assessments for each asset to be supported and ongoing operations with flag alert system
However, please be aware that the DeFi industry is a new economy, and platforms are exposed to hacking smart contract vulnerabilities, liquidation risk, and exploiting decentralized mechanism to a fraudulent objective.
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