Joining and Benefits

Join the Club

To become a Turtle member, the first step is agreeing to our terms and conditions and verifying the ownership of your wallet through a signed message.

Upon registration, our novel Turtle API automatically whitelists the member's address. Making them eligible for Turtle points/emissions and enabling the Turtle API to monitor all the liquidity and emissions our members deploy within Turtle partner protocols.

Liquidity Repurposing & Turtle Emissions Boost

Turtle empowers LPs to enhance their Turtle emissions by rewarding them whenever they provide liquidity to Turtle Partner Protocols and generate a contribution to the TurtleDAO. Turtle LPs can generate multiple contributions to the TurtleDAO with the same underlying liquidity by repurposing their liquidity across multiple Turtle Partner Protocols. With each instance of liquidity repurposing, Turtle Partner Protocols contribute to the TurtleDAO, triggering reward distributions to both the LPs and Turtle Partner Protocols in Turtle emissions.

Largest Margins in DeFi

Turtle stands as a formidable force in DeFi, boasting some of the highest margins in the industry. The TurtleDAO earns 25% of all the native token emissions Turtle users earn at the end of each epoch, for example:

Every time a Turtle LP repurposes its liquidity across another Turtle Partner Protocol that is paying emissions, the TurtleDAO receives an additional contribution without having any sort of access to or control over the Turtle LP's liquidity position in the Turtle Partner Protocol.

In a favorable market environment, where yields for Turtle LPs range between 20 to 200%+ APY. The TurtleDAO generates approximately 200 to 2000 basis points on the underlying total value locked (TVL) of Turtle LPs/users. These earnings multiples are around 20x to 80x greater than the typical LSTs/LRTs protocols (depending on the repurposing rate and APYs our LPs earn), illustrating exceptional margins and profitability when receiving large allocations in innovative Turtle Partner Protocols early on in their life cycle.

Direct vs Indirect protocol fees

In contrast to Yearn, the Turtle Protocol operates without levying any fees on its LPs liquidity. Instead, the Turtle Protocol generates value for its Turtle Partner Protocols through various means such as accumulating tokens, facilitating liquidity provisioning and business development, conducting security reviews, and engaging in marketing activities. By doing so, Turtle shifts the contribution burden onto its protocol partners, thereby making it highly advantageous for LPs to join the Turtle Protocol liquidity . LPs stand to benefit from Turtle emissions, representing a form of compensation for the services provided towards the Turtle Protocol, Turtle Partner Protocol, and/or the TurtleDAO, while also minimizing their exposure to counterparty risk.