Turtlz Game🔺 Mechanisms breakdown
Hello, Turtlz! Hope you’re doing great.
Our community has grown a lot since we first wrote, so it’s time to reveal what’s going on under the hood. Welcome in this second Medium article, where we will cover every aspect of Turtlz.
Make sure you’ve already learned the basics by reading the first article!
$SHELL 💵
Staking a Turtlz NFT is the only way to produce $SHELL. The higher the level of your Turtlz, the more it produces. Simply put, NFT holders are the only ones able to increase $SHELL emissions.
The entire Turtlz ecosystem is designed to preserve $SHELL scarcity over the long term, which will also maintain Turtlz NFTs value.
Our three key metrics for a sustainable economy are the following:
- Increase TVL (Total Value Locked) by redistributing a share of platform revenues to yield farmers — detailed below.
- Reduce volatility by adding incentivizes for liquidity providers and — in the future — burning pool tokens.
- Burn $SHELL through scalable burn mechanisms, as emissions will grow over time.
Yield farms 💠
Just like a traditional DeFi protocol, a share of the platform’s revenues is redistributed to holders. We designed four self-balancing farms with different income sources and rewards.
Stake $SHELL to earn $AVAX, $USDC, $SHELL.. or more! In the future, more farms are to be added, with different token rewards.
The four farms available on launch day are as follows:
- Baia — Fixed APY
Stake LP tokens to earn $SHELL.
APY managed by TurtlzDAO. - Yonaguni — Variable APY
Stake $SHELL to earn $USDC.
APY based on $SHELL trading fees collected. - Dwarka — Variable APY
Stake $SHELL to earn $AVAX.
APY based on Turtlz royalties collected. - Wanaku — Fixed APY
Lock $SHELL for X days to earn $SHELL.
APY managed by TurtlzDAO and based on locking time.
Farm specifications and APY projections will be detailed in the whitepaper.
$veSHELL 🚀
A non-tradeable precious token, offering a significant advantage to yield farmers. $veSHELL offers two major utilities to its holders:
- Vote for TurtlzDAO governance proposals to balance, improve and enhance Turtlz. Voting power is determined by your share of $veSHELL.
- Earn boosted APYs on every yield farm. The amount of $veSHELL you have will determine your share of the boosted rewards.
Stake $SHELL to accrue $veSHELL over time and earn a share of boosted rewards. If you unstake any amount of $SHELL, you will lose all your accumulated $veSHELL.
Turtlz NFTs 🐢
More than sweet profile pictures, Turtlz are upgradeable NFTs acting as $SHELL nodes. Although everyone can use yield farms, only NFT holders can produce $SHELL.
Owning some Turtlz also reduces $SHELL trading taxes, which is very advantageous for yield farmers.
A collection of 20,000 unique pieces, obtainable in three different ways:
- Initial sale : 10,000 Turtlz
Minted at the price of 1.8 to 1.4 $AVAX according to your whitelist tier, detailed on the picture below. - Breeding : 5,000 Turtlz
Requires two Turtlz NFT and some incubation time. After incubation, you get a fully grown Turtlz NFT. - Gamified Mint : 5,000 Turtlz
Every week, allocate a few $SHELL to enter in the gamified mint. The more shell you allocate, the better your Turtlz will be.
A further article will cover mint details.
Get whitelisted ✔️
The diamond whitelist is currently open on discord and already 40% filled!
Join discord and get your seat now 🚀
Twitter: https://twitter.com/TurtlzGame
Website: https://turtlz.app/
Discord: https://discord.gg/turtlz
Thank you for reading ❤️
