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 boost their emissions by rewarding them for providing liquidity to Turtle Partner Protocols and contributing to TurtleDAO. LPs can generate multiple contributions to TurtleDAO with the same liquidity by repurposing it across multiple partner protocols. Each instance triggers reward distributions to both 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. TurtleDAO earns a boosted % of all native token emissions Turtle users earn at the end of each epoch. For example, each time a Turtle LP repurposes its liquidity across another Turtle Partner Protocol paying emissions, TurtleDAO receives an additional contribution without accessing or controlling the LP's liquidity position.
In a favorable market, where Turtle LP yields range between 20% to 200%+ APY, TurtleDAO generates approximately 200 to 2000 basis points on the underlying TVL of Turtle LPs/users. These earnings multiples are 20x to 80x greater than typical LST/LRT protocols, illustrating exceptional margins and profitability when receiving large allocations in innovative Turtle Partner Protocols early in their life cycle.
Direct vs Indirect protocol fees
Unlike Yearn, Turtle Protocol does not charge fees on LP liquidity. Instead, it generates value for Turtle Partner Protocols by accumulating tokens, facilitating liquidity provisioning, business development, conducting risk assessments, and engaging in marketing activities. This shifts the contribution burden to protocol partners, making it highly advantageous for LPs to join Turtle Protocol liquidity. LPs benefit from Turtle emissions as compensation for their services, while also minimizing counterparty risk.
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