Turtle Club

Agnostic Phantom Liquidity Layer

The Turtle Protocol distinguishes itself as a protocol-agnostic liquidity layer, setting itself apart from platforms such as Convex that sit on top of the dApp layer, which introduces additional layers of smart contracts on top of Curve pools. This layering can lead to liquidity lock-in, increased technical debt, heightened counterparty protocol risk, and elevated gas costs for users engaging with Curve pools or dApps.

In stark contrast, the Turtle Protocol sits below all of the protocols that plug into it (i.e. below the Turtle Partner Protocols). It operates without the need for smart contracts, eliminating the complexities, expenses, and risks associated with deploying liquidity within smart contracts and additional layers of complexity.

The permissionless phantom liquidity layer guarantees that Turtle never handles or routes liquidity on behalf of the users such as Liquidity Providers (LPs), meaning the Turtle Protocol is entirely self-custodial. LPs interact directly with the Turtle Partner Protocols, which sit on top of the Turtle Protocol, ensuring a streamlined and efficient liquidity deployment process

The First Phantom & Liquidity Layer Zero

Introducing the first phantom protocol and layer zero—Turtle Club is a first-of-its-kind API tracking network that democratizes access to boosted yields, swaps & referrals monetizing every layer of the web3 stack through proof of signatures and timestamps without exposing users to any additional risks. A groundbreaking approach that operates without smart contracts, yet leverages the full advantages of a conventional protocol while sidestepping its limitations.

The Turtle Protocol aggregates liquidity via a first-of-its-kind API tracking network, tracking across all registered wallets, empowering it to acquire and manage Total Value Locked (TVL) across diverse chains and dApps. This democratizes access to boosted yields, swaps & referrals across web3 through proof of signatures and timestamps, ensuring liquidity presence across the entire Web3 value chain simultaneously, with each wallet serving as a pivotal 'link' in the phantom chain, expanding reach, capacity, and exposure within the Web3 liquidity market.

Phantom TVL - denotes the cumulative liquidity value of all wallets/links within the phantom chain. For instance, if ten wallets are registered to the Turtle Protocol with each wallet holding $1 million, the phantom chain TVL would amount to $10 million.

Boosted Turtle TVL - signifies the TVL for which the Turtle Protocol currently provides a yield boost. This metric can theoretically surpass the aggregate phantom TVL. For instance, if a Turtle LP diversifies its liquidity across multiple Turtle Partner Protocols, the Boosted Turtle TVL increases correspondingly, multiplying each time a Turtle LP diversifies its liquidity across additional Turtle Partner Protocols that provide our TurtleDAO with a yield boost.

As Turtle advances its API capabilities, ecosystem partners will gain real-time insights into liquidity across the Turtle phantom chain. These insights could be used to create targeted liquidity campaigns to incentivize and direct underutilized liquidity toward their protocols and use cases.

The Turtle Protocol distinguishes itself by avoiding smart contracts, a deliberate choice aimed at preventing the introduction of further complexity and technical liabilities, whilst preventing competition with our Turtle Partner Protocols. This approach ensures accessibility for users and protocols alike, eliminating barriers to entry and removing smart contract and counterparty risks associated with exploits and hacks.

In contrast to Convex, the Turtle Protocol sits below all the Turtle Partner Protocols that plug into it, not on top of them. Whilst leveraging collective liquidity to boost yields for its LPs.

The Turtle Protocol:

● Never acts as a counterparty in any LP transaction within Web3.

● Never controls or handles users' liquidity (entirely self-custodial), ensuring utmost security and autonomy.

The absence of smart contracts offers several advantages for the Turtle Protocol:

● Turtle can't be hacked, as there are no smart contracts to exploit.

● Users can not be rugged.

● Agilie and adaptable, seamlessly integrating with various protocols without added complexity.

● Minimizing technical debt and counterparty risk by eliminating an additional smart contract layer.

● Reducing gas fees for depositing and withdrawing funds from Turtle Partner Protocols.

● Mitigating regulatory risks associated with non-custodial protocol operation.

● Does not create Honey Pots

The Turtle Protocol does not have any smart contracts, as we don't want to create another layer of complexity and technical debt which would create barrier of entry for our users and Turtle Partner Protocols.

Enhanced Security for Turtle Protocols

Through bespoke partnerships with ConsenSys Diligence, Omniscia.io, Code4Arena, and Creed, and our in-house auditing team/community, Turtle takes proactive security measures to safeguard the funds of our LPs and the broader Web3 community. We are committed to working closely with Turtle Partner Protocols to develop robust and resilient Web3 Lego blocks. These blocks are designed to integrate seamlessly with each other throughout the Web3 stack, fortified against potential vulnerabilities. Failure to adequately secure these blocks could result in dangerous liquidity repurposing and compound counterparty risks across Web3, potentially leading to catastrophic cascading liquidation events and their associated consequences.