Tortle Restaking

Tortle is introducing a Restaking Pool that utilizes staked Tortles as a form of cryptoeconomic security for its own protocol. This creates a system that protects user's investments on the platform. When a user starts a recipe, they have the option to mark it as insured. If they do, 0.1% of the volume will be allocated to the restaking pool. In the event of a protocol failure, stable deppeging, or hack on any of the partners, the restaked assets will be used to refund active strategies.

Restakable assets will be discussed in collaboration with Camelot DEX, but as for now we can envision:

• LP Positions
• NFT Positions
• Vault Shares from Structured Products

Tortle will incentivize Restakers with Tortle emissions and 0.1% of all the volume protected and a quantity on Tortle tokens, ensuring at least a 35% APR. Tortle restaking works in 3-month epochs.

At the end of each epoch, the rewards are distributed, and users can autocompound or withdraw their positions. During the maturation process, the restaked capital is locked, can be unlocked at a penalty.

The Restaking pool will have what we call "Total funding capacity" and a "Protected asset volume." If the protected asset volume is bigger than the funding capacity, the user will be advised about it, along with the percentage the restaking fund can actually cover. Protocol fail, deppeging, and hacks will be included on an oracle that will trigger the refund policy. At the moment the oracle is activated, the prices of the assets on the Pool will be snapshotted, marking the Total funding capacity.