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Zurich, Switzerland – May 12, 2025 – Turtle Club, a pioneering Web3 distribution protocol, has announced the successful closure of a $6.2 million seed funding round. This investment will fuel the growth of Turtle Club's innovative platform, which monetizes users' on-chain activities and enhances yields across the decentralized finance (DeFi) ecosystem.
Turtle Club offers a unique approach to liquidity distribution by tracking user activity across multiple protocols, including liquidity provision, swaps, staking, and referrals. By operating without smart contracts, Turtle Club ensures a trustless, fee-free, and self-custodial experience, mitigating risks and simplifying user interaction. This approach allows users to maximize their rewards while maintaining full control over their assets.
The funding round was led by THEIA, with participation from prominent investors including Susquehanna (SIG), Laser Digital, Consensys, Selini, RE7 Capital, L2IV, Archimed Capital, Trident Digital, Bodhi Ventures, Shorewoods, Triton Liquid, AUROS Global, Chorus One, Frachtis, Moonhill Capital, and Tulipa Capital. Notable angel investors include Ethereum co-founder Joseph Lubin, Wintermute co-founder Yoann Turpin, and Ryan Fang of Ankr.
"As liquidity becomes increasingly fragmented across various chains and protocols, the need for structured and transparent distribution is more critical than ever," said Essi Lagevardi, CEO of Turtle Club. "This funding enables us to further develop mechanisms that reward capital providers fairly, empower protocols to design sustainable incentive programs, and cultivate a more efficient and transparent DeFi liquidity environment."
Key Features and Benefits of Turtle Club:
- Monetization of On-Chain Activity: Users earn rewards for their participation in various DeFi activities.
- No Fees: Turtle Club operates without charging any management or performance fees.
- Self-Custody: Users retain full control over their assets.
- No Smart Contracts: Eliminates the complexities and risks associated with smart contracts.
- Trustless and Secure: Provides a secure and transparent environment for users.
- Enhanced Yields: Boosts user yields across the DeFi ecosystem.
- DAO Governance: Operates within a decentralized autonomous organization, aligning incentives among stakeholders.
- Broad Ecosystem: Partners with a wide range of Web3 protocols and projects.
Since its launch in March 2024, Turtle Club has achieved significant milestones, including:
- 315,000+ registered wallets
- $2.3 billion+ in total value bootstrapped
- 51 integrated protocols
- $550 million deployed in 45 days via its first chain bootstrapping campaign
Turtle Club will utilize the funding to expand its engineering team, integrate new protocols, and broaden its distribution network. The company is committed to building a more accessible, efficient, and rewarding DeFi landscape for all participants.
About Turtle Club:
Turtle Club is a Web3 distribution protocol that monetizes users' on-chain activities, providing enhanced yields and a seamless DeFi experience. Operated by Phantom Protocol AG, Turtle Club is dedicated to fostering a more transparent and sustainable DeFi ecosystem.
Compiled by CMO Intern team
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