❄️NODES

Native and non Native nodes.

The aim of nodes is to create a strong incentive for long term holding of $TURT through the use of a locked staked high earning pool. The pool requires users to spend 100 $TURT to create a node that in turn delivers daily $TURT rewards back to the user at an estimated initial rate of 1.5-3% daily delivering passive yield in a token pegged to a stable coin. This will reward long term holders with a higher yield than the single stake $TURT pool and in turn, lock up a portion of the $TURT supply helping to reduce market sell pressure on $TURT

Node details

• 100 $TURT cost per node

• Unlimited nodes per account

• Up to 3% daily $TURT rewards paid (tapering figure), returns are based on node pool balance and are not guaranteed

• Up to a max 500% ROI on each node (adjustable figure), the max possible ROI is based on node pool balance and is not possible to guarantee

• Each week the account that created the most nodes wins 1 SHELL

• 10% of the node pool will be distributed to The NFT holders monthly (Including future node pools) .

Disclaimer & Risks

Note that investing in DeFi is experimental and risky, there is no guaranteed return on any product or investment. By using DEFI TURTLE you agree that the DEFI TURTLE team is not responsible for any financial losses from investing in DEFI TURTLE nor do we promise any returns now or in the future. Nodes are highly experimental locked staking pools and the total amount of rewards that can be paid are determined by a number of factors including the number of nodes created, the TWAP expansion rates of the protocol and the performance of investments made by the treasury.

What is a node?

Users may be familiar with the concept of validator nodes which as the name suggests validate transactions on a blockchain, in most blockchain networks these validators are rewarded for their efforts with native tokens. $TURT Nodes are not transaction validator nodes however they follow this concept of rewarding locked stakers with $TURT rewards for their efforts. Users deposit $TURT to purchase a node which in turn deposits a portion of that into a reward pool that drips daily rewards back to all node holders thereby granting a passive income in return for locking up your $TURT. The remaining $TURT is sent to the treasury and used to increase protocol sustainability through several mechanisms depending on TWAP including adding to the TURT-USDC LP and/or investing in other protocols to generate a non-protocol specific income that can be used to directly support the system.

Sustainability

Nodes often suffer from sustainability issues due to their tokens having no other purpose than simply as a reward token for selling, this too is an issue for algorithmic stable coin protocols. At DEFI TURTLE adding strong utility to $TURT is something we have focused on so far through unique yielding opportunities with partner protocols. In order to ensure our nodes are sustainable and achieve their intended outcome, we take inspiration from EMP Money's successful implementation.

Education

Much like in our base layer seigniorage protocol education and strategy play a large part in ensuring the sustainability of the system. If the majority of participants operate in unison and follow the same strategy the system has a better chance of maintaining sustainability over the long run, essentially making the system a social experiment in game theory. We have produced a detailed strategy flowchart for users to follow based on the TWAP of the original peg token below and often remind participants of the current optimal strategy to follow for protocol health which in turn helps protect the longevity of your investment.