> For the complete documentation index, see [llms.txt](https://turtles-organization.gitbook.io/defi-turtle/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://turtles-organization.gitbook.io/defi-turtle/welcome-to-defi-turtle.md).

# Welcome to DEFI TURTLE

{% hint style="info" %}
$**TURT - Algorithmic  stable coin  pegged to the price value of  1:1 to $USDC on Arbitrum One chain**
{% endhint %}

## Overview

Welcome to  "DEFI Turtle"  USDC Algo-stable Yield Farming on Arbitrum network

The protocol's underlying mechanisms dynamically adjusts $TURT supply, keeping its price stable relative to the price of its pegged token.

> The beauty of an algorithmic stable coin is much more capital efficient than their collateralised cousins. Turtle DeFi work towards expanding this idea of capital-efficient algorithmic stable coin and build on previous iterations to expand the basis of the ecosystem.

> Turtle DeFi Turtle is a multi-token protocol which consists of the following three tokens: 
>
> * Turtle  ($TURTLE),
>
> * Shell ($SHELL),
>
> ## What **makes** $TURT different from other algorithmic tokens?
>
> **Why  TURT pegged to $USDC?**
>
> In recent days, Cryptocurrency market is big downtrend, big volatility. Only stablecoins are the exceptions.\
> \ <mark style="color:yellow;">Though with the recent events in crypto and banking industries which made USDC to de-peg , US government and Financial regulators promised 100% of deposits from SVB are secure and are available for banking. so USDC is 100% BACKED!</mark>
>
> Stablecoins are the bridge between Decentralised finance (Defi) and Centralized finance (Cefi). The demand of stablecoins is increasing day by day with the development of not only Defi market but also the whole cryptocurrency market.
>
> $USDC is a stablecoin backed by US dollar - a fiat currency with 1:1 ratio. Each USDC is redeemable for one US dollar, and is backed by one dollar or a dollar-denominated asset with equivalent value held in accounts at regulated U.S financial institutions. Those accounts are audited by U.S. accounting firm Grant Thornton LLP, which issues monthly attestations on the reserves backing USDC.\
> $USDC is the most popular, stable and widely accepted stablecoin on almost recent blockchains. \ <br>
>
> *Note* : Plese read the disclaimer in the next sub-page.

>

## Quick links

{% content-ref url="/pages/PAQt6qlLv9cHD34yH2oq" %}
[Genesis Pool](/defi-turtle/welcome-to-defi-turtle/genesis-pool.md)
{% endcontent-ref %}

{% content-ref url="/pages/U3PhRoMkWzh71aSXdEfZ" %}
[TOKENS](/defi-turtle/protocol-overview/tokens.md)
{% endcontent-ref %}


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://turtles-organization.gitbook.io/defi-turtle/welcome-to-defi-turtle.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.