Davos Announces New Collaboration with Turtle Club
The Davos team couldn’t be more excited to announce a new collaboration with our community. Starting today, Davos will be working alongside Turtle Club, a phantom liquidity platform.
This alliance will allow our users to provide liquidity to the Davos ecosystem through the Turtle Club protocol, thus opening the doors for lucrative reward opportunities for the users of both protocols.
In this article, we’ll offer a comprehensive overview of the collaboration between Davos and Turtle Club, highlighting the benefits and strategic implications for all parties involved.
Overview of Turtle Club
Turtle Club is a pioneering phantom liquidity protocol, offering a secure, fee-free DeFi environment without smart contracts. It focuses on democratizing access to liquidity deals, offering incentives among key DeFi stakeholders through its DAO (Decentralized Autonomous Organization).
Phantom Liquidity Explained
Phantom liquidity, implemented by Turtle Club, enables seamless liquidity flows within DeFi without relying on smart contracts. This method strengthens security, as smart contract vulnerabilities are taken out of the equation. It also reduces technical complexities and eliminates gas fees, benefiting all users involved.
Rewards System and Airdrops
Turtle Club utilizes Turtle Club Points (TCP) as part of its reward system. Users earn TCP by providing liquidity to partner protocols, which can be converted into governance tokens during the Token Generation Event (TGE). Turtle Club also offers attractive airdrop opportunities based on TCP accumulation.
Turtle Club System (Source)
Davos x Turtle Club Collaboration Details
Thanks to the collaboration, Davos will be integrated within the Turtle Club’s ecosystem, providing mutual benefits through boosted liquidity and cumulative reward systems. Listing Davos on Turtle Club allows its users to leverage Turtle Club’s phantom liquidity protocol. Below are a few key points detailing the collaboration and how users can seize this opportunity to create new avenues for liquidity provision and reward compounding.
How to Provide Liquidity
Users can easily provide liquidity to Davos through Turtle Club by first connecting their Web3 wallets by clicking on the green button in the Dashboard. Once that’s done, search for the Davos in the list and click on it. A new page will open, allowing users to stake their assets in the Davos pool.
Airdrop Eligibility
Similar to Davos’ peaks, Turtle Club features Turtle Club Points (TCP), a reward system where users earn points by supplying liquidity to partner protocols. These points can be exchanged for governance tokens, enabling users to boost their earnings and participate in the Turtle Club DAO. Turtle Club also increases user engagement through airdrops linked to TCP accumulation, offering additional incentives.
Reward Boost
The alliance with Turtle Club introduces a reward boost mechanism, enabling users to earn up to a 50% increase in TCP. This boost makes providing liquidity much more attractive as the user’s bottom line is maximized.
Benefits of the Collaboration
For Davos Users:
- Boost liquidity options and reward opportunities.
- Increased engagement and potential for higher returns through boosted TCP and airdrop eligibility.
- Healthier ecosystem through increased liquidity.
For Turtle Club Users:
- Access to new liquidity provision opportunities through Davos.
- Additional airdrop incentives and increased usage of the Turtle Club platform.
Time to Join the Club
The strategic alliance between Davos and Turtle Club will undoubtedly contribute to a more liquid and composable DeFi market, potentially attracting new users and increasing overall adoption for Davos.
By highlighting the strengths of both protocols, we can offer superior benefits to our community and improve our positioning with the market. The best news is that this collaboration is ongoing, as we’ll be working to advance DeFi collectively and further elevate the value proposition for both protocols.
We encouraged everyone to participate and capitalize on the opportunities provided by our joint venture with Turtle Club. Stay tuned for further updates and keep on climbing the Davos peak.
