Surf Protocol officially upgraded to TurboFlow, a fully on-chain perpetual contract platform

ChainCatcher reported that the PerpDEX platform Surf Protocol today announced a comprehensive upgrade of its brand and system, officially launching the fully on-chain version TurboFlow. TurboFlow is a PerpDEX dedicated to providing retail investors with an ultimate trading experience within a secure and transparent framework. It offers more flexible trading methods, with some tokens supporting up to 1000x leverage; it features an original zero-fee profit-sharing model, which can be selected alongside the traditional fee model, both maintaining the industry's lowest rates; it has a more user-friendly risk control system, with the lowest maintenance margin rate in the industry for liquidations, helping users achieve more controllable risk management in high-leverage environments; platform prices are derived from the weighted average of multiple exchanges to avoid extreme price spikes.

According to the introduction, TurboFlow is built on an independent Layer1 architecture, with all trading data and asset migrations already on-chain, achieving verifiability and traceability. User assets will be automatically migrated to the new platform with one click, and the entire process's gas costs will be covered by the official team. Both the web and mobile versions have been launched simultaneously. The original Surf platform will stop accepting new orders starting from November 3 (UTC+8), and all settlements and migrations will be completed by November 17 (UTC+8). TurboFlow founder Tony He is the co-founder of the Nasdaq-listed Amber Group and has extensive experience in financial derivatives and the blockchain industry. Tony stated that TurboFlow's goal is "to make transparency the underlying logic of the system and provide retail investors with a professional, seamless, and fair trading experience."