“Liquidity” has now become the most expensive thing!

In the past, the borrowing rates for stablecoins soared to 8-15% APY, and sometimes even exploded to over 20%, causing protocols to burn money to attract funds, like a bonfire - spending $1 to buy liquidity, and before it even warms up, it runs away!

Moreover, the funds were scattered across various chains and pools, making liquidity providers (LPs) like mercenaries, going wherever they get paid, leading new protocols to either spend money to buy traffic or directly fail.

But Turtle and their team are not following the old path; instead, they came up with a clever play: using structured vaults, a unified interface, and a distribution mechanism to make every dollar of incentives more worthwhile!

For instance, they helped bring in over $800 million and $450 million in liquidity for the two projects TAC and Katana, and not just any “take the money and run” type, but stable “long-term tickets”.

The core idea is that Turtle wants to create a “liquidity distribution layer” for blockchain, ensuring that funds are not only abundant but also smart and sticky, helping new chains and protocols to stand firm as soon as they go live, without relying on burning money to compete.