Yeliz Akmaca 
Turtle is the first Distribution Protocol that monetizes Web3 activity by tracking wallet actions such as liquidity deposits and earnings, swaps, staking via delegation, and referral code usage.
Its core mission is to align incentives among key Web3 stakeholders—including Liquidity Providers (LPs), Developers, Venture Capitalists, Security Auditors, and Miners. By providing transparency and due diligence, Turtle deploys liquidity with a protective layer in DeFi while incentivizing superior risk-adjusted returns and reducing protocol and downside risks.
Since the MVP launch in March 2024, Turtle has become one of the largest distribution protocols in Web3 with over 275,000 registered wallets. Membership is as simple as signing a single message.
Team & Investors
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Founder & CEO: Esfandiar “Essi” Lagevardi – Experienced Web3 and DeFi leader.
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Co-Founder & President: Benedikt “Ben” Schulz – Finance and blockchain expert, creating strategic opportunities for protocols and users.
The project is backed by top investors such as ConsenSys, THEIA, Selini Capital, Chorus One, L2 Iterative Ventures, and Auros Global, with angel investors including 1inch founder Ryan Fang and ConsenSys founder Joseph Lubin.
How Turtle Works
Turtle converts any economically meaningful activity into revenue using APIs, enabling distribution partners to generate additional income without extra risk, action, or steps for users.
Liquidity Providers (LPs):
- Sign a wallet message to register with Turtle.
- Continue normal activities with partner protocols.
- Earn more through Boosted Deals or deposit into Turtle Vaults for unique rewards.
Protocols:
- Turtle leverages its network of 300K+ LPs, focusing on understanding large-scale investors.
- Advises on liquidity distribution strategies to attract liquidity without excessive emissions.
- Protocols can manage deals and track LP contributions via the Customer Portal.
Distribution Partners:
- Use Turtle for consistent revenue streams and potential upside in the distribution protocol.
- Integrate Turtle Earn via the Customer Portal, web links, or Earn SDK.
Safety & Risk Minimization
- No Counterparty Risk: Funds go directly to protocols.
- Self-Custody: LPs retain full control.
- No Smart Contract Layer: Reduces gas, technical debt, and counterparty risk.
- Regulatory Risk Mitigation: Funds not held by Turtle.
- Due Diligence: Opportunities vetted before offering.
- Inclusive & Exclusive Rewards: Public access plus boosted backroom liquidity deals.
- Aligned Incentives: Harmonizes LP, developer, investor, and auditor incentives.
Features & Benefits
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Boosted Deals: Extra earning opportunities with partner protocols.
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Exclusive Agreements: Special liquidity deals for LPs.
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Sustainable Growth: Collaboration with partner protocols.
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Fast Integration: Widget, API, or SDK options.
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Inclusive Access: Open to individual and institutional users.
Turtle Incentive Flow & Governance
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Turtle Member (LP): Deposits liquidity, earns partner token rewards and $TURTLE from Turtle DAO.
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Partner Protocol: Gains liquidity and receives tokens based on Boost rate.
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Turtle DAO: Distributes liquidity- and contribution-based rewards, manages governance and incentives.
$TURTLE Token
$TURTLE is the governance and incentive token of the Turtle ecosystem, facilitating reward distribution and governance. Users earn tokens based on contributions and activities; protocols receive tokens according to the Boost they pay for liquidity.
Token Details:
- Total Supply: 1 Billion
- Max Supply: 1 Billion
- Circulating Supply: 195 Million
Roadmap & Token Use
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Distribution: Tokens allocated during Token Generation Event (TGE).
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Utility: Governance, rewards, future protocol features access.
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Airdrop: Users can earn $TURTLE via Earn. Visit Turtle’s official website for eligibility.
Official Links
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