Ring of regular functions of $Sl_n$ (as a linear algebraic group over a field).

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Is there a nice, more hands-on, way to interpret the ring $$\mathcal{O}(Sl_n(k))\simeq\frac{k[X_{i,j}:1\leq i,j\leq n]}{(\det(X_{i,j})-1)},$$ where $k$ is a field?