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- 🚀 Gate Square “Gate Fun Token Challenge” is Live!
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PerpDEX platform Surf Protocol announced today that it has officially completed a dual upgrade of its brand and system, fully launching the on-chain version TurboFlow. This upgrade represents a new stage for Surf Protocol in the Decentralization trading infrastructure field, with all transaction data and asset migration fully on-chain, achieving a verifiable, transparent, and secure full-chain operation.
According to the official introduction, TurboFlow is committed to providing a lower-cost, fairer, and more controllable trading environment for retail traders worldwide. The new version is built on an independent Layer 1 architecture, with some cryptocurrencies supporting up to 1000x flexible leverage options. The platform's trading oracle is sourced from the weighted average of multiple exchanges, avoiding extreme market spikes. In terms of fees, TurboFlow introduces an optional Profit-Sharing Model, allowing users to pay a portion of their profits as fees only when they are making a profit. Calculations show that under this model, the trading slippage is 0, further reducing the trading costs for users.
Comprehensive upgrade from Surf to TurboFlow
The newly launched on-chain version is the most significant systematic upgrade since Surf was established.
Founder Tony He stated that TurboFlow has undergone a comprehensive update in terms of products and branding, while also reflecting the transformation of the platform's long-term strategic direction.
Tony is the co-founder of Amber Group, a Nasdaq-listed company. Before founding Amber, he worked as an interest rate and derivatives trader at Morgan Stanley, with four years of experience in the financial industry.
Regarding the launch of TurboFlow, Tony said: "TurboFlow makes transparency the underlying logic of the system, and we hope to provide retail investors with a professional, smooth, and transparent trading experience on TurboFlow."
After the completion of this migration, all user assets of Surf can be seamlessly migrated to TurboFlow. The migration process is a one-click operation, and all Gas costs will be borne by the official team. All transaction activities will be traceable on-chain. The new version supports synchronized login on both web and mobile platforms. According to the official announcement, the Surf platform will stop all new order placement functions starting from November 3 (UTC+8) and will complete all liquidation and migration before November 17 (UTC+8).