Product Roadmap
The TurboDEX core development team places a strong emphasis on agile development practices and user-driven planning. Therefore, the proposal outlined above represents the Minimum Viable Product (MVP), which the team anticipates forming the core of their ongoing development plans and aims to complete shortly after the platform's launch.
Key Product Features:
TurboDEX's core offering will be integrated, encompassing:
☑️ Spot Trading
☑️ Perpetual Contracts (Perps) Trading
☑️ Money Market for Borrowing and Lending
Traders will have the ability to leverage their positions across both spot and perp markets, with automatic and continuous interest earned on all deposits.
The platform's efficiency in arbitrage and yield generation, a central theme explained in greater detail in the paper, will be facilitated by key features:
Orderbook: To ensure efficient price discovery and liquidity provision, transactions will be executed on the orderbook. TurboDEX's implementation will support highly performant and cost-effective matching, crucial for automated trading. This approach will establish a high volume/low-cost pricing model, fostering deep liquidity and benefiting all market participants.
Cross-Margin: Enabling various collateral options for leveraged trading, this feature enhances yields and opportunities for all users. Long-term holders can use their token holdings as collateral for risk-taking, boosting returns. For market makers and arbitrageurs, increased flexibility translates to improved liquidity provision and tighter price linkages, generating greater platform fees and trading volumes.
Weighted Margin (Health): TurboDEX employs a concept of weighted margin, referred to as "health," to assess whether an account can be liquidated or open new positions. Health provides a comprehensive assessment of a user's position risk, allowing for risk normalization across a wide range of assets. It also facilitates efficient risk calculations at the smart contract level for liquidation management.
This protocol aims to be highly competitive with Centralized Exchanges (CEXs) and intends to drive DeFi adoption across all identified user groups. However, the team's long-term focus extends to expanding the product suite, enhancing UI/UX, and increasing utility to achieve mainstream adoption. Additionally, robust developer tooling will empower open-source developers to contribute to scaling the ecosystem, enabling integration with various dApps and enhancing liquidity through TurboDex's decentralized architecture, which is not feasible with current protocols.
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