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Can a DeFi protocol build a sustainable business around liquidity distribution?

Turtle's Q3 report gives us something concrete to look at.

@turtledotxyz and Lunar Strategy generated $1.04M in revenue, on a cash in basis and net of intercompany transactions.

Why does this matter?

Turtle works on a problem many DeFi protocols face. They need liquidity, but finding the right users and connecting them with suitable vault opportunities takes work.

Turtle helps bridge that gap by connecting protocols with liquidity providers through curated vaults and distribution partners.

And the market is growing. Tokenized assets excluding stablecoins reached $46.1B on November 4, according to the reported market data.

As more assets move onchain, the infrastructure connecting them to capital becomes increasingly important.

$TURTLE has a separate role here. It's the single instrument tied to coordination access on Turtle. The reported business revenue should not be confused with automatic distributions to tokenholders.

For me, the real thing to watch is how Turtle grows its role in this expanding market.

Read the Q3 update 👇

[Turtle @turtledotxyz]

https://t.co/YaVUn8dlmG

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@dogacan 🤣wtf

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@hunter_nft Gm bro
Happy Thursday

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@Manjima_Sid @grok What if ur camera is hacked

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@mika8002 @vangrid_io Gm fam, agree with you

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@rajsh7894 @CryptoRohit07 Sarcasm

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Moving assets onchain is easy to talk about, but who is checking the risks behind them?

That's what caught my attention about Hare by GSR, launched alongside @turtledotxyz in October.

DeFi already evaluates smart contract and oracle risks, but Hare goes further by looking at asset risk, market risk and counterparty risk.

Think of it as a credit desk for onchain finance, assessing the risks behind an asset before capital gets involved

GSR brings its trading and liquidity expertise to this model, with $100M committed over several years

The first two products are Hare USD Earn, powered by Aave, and Hare Gold Earn, powered by Aave in partnership with Paxos Labs

Both are coming soon, with their yield sources and terms to be published when they open

For me, proper risk assessment is an important piece of bringing more capital onchain

Curious to see how Hare develops from here 🫡

[Turtle @turtledotxyz]

https://t.co/YaVUn8dlmG

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@walsxbt Ya i need

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@kiraridust Congrats fam

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@waleswoosh Gm wale

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What caught my attention in Turtle's Q3 numbers is the $1.04M revenue generated by @turtledotxyz and Lunar Strategy

That's a meaningful business milestone, especially while the protocol is still expanding

For tokenized assets, distribution is a huge part of the equation

Turtle is approaching this through a few different layers:

➤ Connecting issuers with creators through Creator Wire

➤ Letting projects manage their own incentives with Turtle Streams

➤ Building distribution infrastructure that external businesses can use

➤ Connecting tokenized assets with capital and potential users

The goal is to make distribution easier for projects instead of leaving every issuer to figure it out on their own

I'm keen to see how Turtle develops this side of the ecosystem

Full Q3 report 👇

[Turtle @turtledotxyz]

https://t.co/YaVUn8dlmG

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@0xRohitz @squeekchain No one is minting paid mints rn

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@thejasich @InfernoLabs_ Good luck legend

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WL checker is now live for @shit_capital

Mine is still under review

So far, 188 users have received WL allocations out of 1K spots.

Hope I get approved soon 🤞

Btw, it's trying something completely different in the memecoin space

The idea is to use $SHIT to build a treasury of $FGI shares, with the long-term goal of acquiring FGI Industries, a publicly listed toilet company on NASDAQ

Basically, turning internet memes into a real-world company takeover

You can still join the whitelist

Just sign in with your X account and complete the normal tasks

Good luck 👍

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@imthnder @SolguruNFT 🙌wow

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@jayjaynft4 Ya lost all now what is next

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@attam5010 @quipnetwork Waiting for it

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@LensMoso @shit_capital Yes i made a post about it hope i get selected

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@weretuna Are u grl or boy