A Polyhedric Design.

The Tortle token is central to the entire DApp ecosystem, increasing in value as the user base expands and rewarding holders. To support this dynamic, a platform fee of 0.5% is applied to every operation conducted on Tortle Ninja. It's important to note that this operation doesn't consume gas since it's included with the rest of the initial transactions. The distribution of these fees is as follows:

• 0.2% of every transaction is used to buy Tortle from the market, and the acquired tokens are sent to a burn address.
• 0.2% is allocated to Tortle Restakers, contributing to their rewards and incentivizing their participation.
• 0.1% is directed towards the Price Floor Fund.

Additionally, 0.5% of the profits from any operation are allocated to our Gas Payer, responsible for covering platform gas fees. Since Tortle takes care of gas expenses for most operations, we need a wallet to be refueled for this purpose.

The Tortle Ninja Team places utmost importance on transparency when it comes to fees. Users can easily track and verify the fees associated with their transactions by reviewing the details on any blockchain scanner. This commitment ensures clear visibility into the fee structure implemented by the platform, instilling confidence and trust in our community.

A liquidity proxy asset

Another way to understand Tortle is as a liquidity proxy asset. Some DeFi protocols award users with illiquid investments as rewards, which can hinder the efficacy of automated processes. Tortle addresses this by converting these illiquid assets or the accumulated interest from maturing financial products, such as bonds, into Tortle tokens at a discounted rate.

Once the assets regain liquidity, Tortle automatically exchange back into Tortle tokens (Tortle or TortleUSD), fostering enhanced market liquidity and realigning incentives. This functionality makes it possible for users to more effectively manage and access their assets.