Ending the Era of self referrals

With the rise and success of questionable MLM team referral programs (blast/manta new paradigm), referrals have become a big money maker for LPs in Web3 (ImpossibleFinance has made ~150 ETH from referrals to XAI). The Turtle referral program will issue Turtle emissions to any LP using the Turtle referral code, allowing LPs to benefit directly from using the Turtle referral link, rather than self referring or using an influencer referral code that does not pass on any rewards to the LP.

Turtle referral codes provide our community with an extra opportunity to support the TurtleDAO while earning Turtle points alongside the Turtle yield boost.

Turtle LPs can now earn additional Turtle points by utilizing Turtle referral codes, with each contribution made through these codes adding [Turtle points / Turtle emissions] to the TurtleDAO treasury. This marks a shift from the previous practice where LPs received no rewards for their efforts, bringing an end to the era of self-referrals. Concurrently, LPs who join Turtle and deploy liquidity into Turtle Partner Protocols will continue to benefit from the Turtle yield boost. This boost is earned as their liquidity generates contributions to the TurtleDAO, resulting in the accrual of Turtle points.

Any user who joins Turtle is automatically eligible for the Turtle yield boost on our Turtle Partner Protocols, irrespective of whether they use a Turtle referral code. However, LPs utilizing Turtle referral codes will earn additional Turtle points on the points and tokens they refer to the TurtleDAO treasury, thereby augmenting their contributions to the TurtleDAO and receiving corresponding rewards. By using both the Turtle referral Codes and the Turtle yield boost, LPs can optimize their contributions to the TurtleDAO, leading to a higher accumulation of Turtle points. Combining these features means LPs make two distinct contributions to the TurtleDAO with the same underlying liquidity, resulting in increased Turtle points earned overall!