Surf Protocol has officially upgraded to the fully on-chain perpetual contract platform TurboFlow

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

According to reports, TurboFlow is built on an independent Layer 1 architecture, with all trading data and asset migrations on-chain, achieving verifiability and traceability. User assets will be automatically migrated to the new platform with one click, and the entire process will be covered by the official Gas costs. The web and mobile versions have been launched simultaneously. The original orders on the 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 a co-founder of the Nasdaq-listed company Amber Group, with 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, providing retail investors with a professional, smooth, and fair trading experience."