InceptionLRT & Turtle Club Join Forces
We are excited to announce a strategic collaboration with Turtle Club, a cutting-edge phantom liquidity platform in the DeFi ecosystem. This collaboration aims to improve user experience and boost potential rewards by offering increased liquidity options, ultimately benefiting both InceptionLRT and Turtle Club communities.
Turtle Club Overview
Turtle Club is a pioneering phantom liquidity protocol that operates without smart contracts, providing a secure, fee-free environment for liquidity providers (LPs).
The protocol aims to democratize access to liquidity deals in the Web3 space, aligning incentives among developers, LPs, venture capitalists, and auditors. Turtle Club ensures sustainable growth for partner protocols through its unique DAO framework.
Phantom Liquidity Explained
Phantom liquidity, a hallmark of Turtle Club, allows liquidity to flow seamlessly within DeFi without the need for smart contracts, thereby reducing risks and complexities. This system benefits users by providing agility, minimizing technical debt, and eliminating gas fees associated with liquidity provision.
Rewards System and Airdrops
Turtle Club utilizes Turtle Points, which users earn through providing liquidity to partner protocols. These points can later be converted into governance tokens, allowing users to compound earnings and participate in the Turtle Club DAO.
Additionally, Turtle Club offers airdrop access based on Turtle Points accumulation, further incentivizing participation.
Turtle Club System (Source)
Collaboration Details
The collaboration will see InceptionLRT listed on Turtle Club. This will allow our users to boost liquidity options and be rewarded in the process. InceptionLRT's liquidity provision is now accessible through Turtle Club’s platform, allowing users to earn Turtle Points alongside their regular staking rewards. This integration offers dual benefits for both InceptionLRT and Turtle Club users.
How to Provide Liquidity
Users can provide liquidity to InceptionLRT through the Turtle Club dashboard. Users need to first connect their web3 wallets by clicking the green button (“Connect a Wallet”). Once that is done, select InceptionLRT from the long list of protocols. A new page will open where users can stake their assets and track their rewards.
Reward Boost
Thanks to the collaboration, users can enjoy a reward boost mechanism, earning up to a 50% increase in Turtle Points. This boost significantly compounds the profitability of participating in liquidity provision, making it more attractive for stakers and DeFi degens.
Airdrop Eligibility
Users are eligible for airdrops from both InceptionLRT and Turtle Club, offering multiple opportunities to earn rewards. This dual eligibility incentivizes liquidity provision and enhances user engagement across both platforms.
Collaboration Benefits Summary
- Exclusive Access to Unique Yield Opportunities: Users gain access to yield opportunities that are not available elsewhere, increasing their reward potential
- Opportunity to Earn Turtle Points: Users can accumulate Turtle Points, which will hold future value and provide additional earning potential
- 50% of Turtle Club Totems: Half of the Turtle Club Totems go to the Turtle Treasury, boosting yields for everyone involved.
Strategic Implications
Market Positioning
The collaboration strengthens both InceptionLRT and Turtle Club positions within the DeFi market, attracting new users and increasing overall platform adoption. By combining their unique features, both platforms can offer unparalleled benefits to their communities.
Future Prospects
Ongoing collaboration between InceptionLRT and Turtle Club holds potential for future developments, which could lead to further innovations and new standards within DeFi.
Slow and Steady Wins the Race
Beyond the benefits for our users, the joint venture with Turtle Club brings greater composability to the DeFi landscape and improves our market positioning. As we further establish ourselves as a liquid staking powerhouse, we encourage our community to take advantage of the opportunities presented by this collaboration. Stay tuned for more updates on Turtle Club and our restaking products by following our blog and Twitter (X) page.
