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Glossary
Key Terminology and Phrases in Tortle Ninja
Tortle Ninja’s utility token, gains value as the user base grows and rewards holders. A platform fee of 0.5% applies to all operations on Tortle, bundled with the initial transactions and not consuming gas. Please visit our tokenomics for more information.
In Tortle Ninja, we use "Tortle Combo Recipes" which are set of nodes that you can combine to craft a wide range of DeFi products and strategies.
In Tortle Ninja, 'Motivation' within your recipe context pertains to the underlying rationale and reasoning behind your combo trigger. It elucidates the thought process behind the choices made during the development of a particular DeFi recipe.
Our Combo Triggers feature functions like oracles, gathering data from both on-chain and off-chain sources. These triggers continuously adjust strategies based on received information. For instance, Tortle Ninja allows you to farm tokens until their value decreases, offering numerous other exciting possibilities.
In Tortle Ninja, you have the opportunity to enhance and fine-tune your strategy through the incorporation of the Perpetual Node. This feature allows you to precisely define your preferred leverage level and the direction of your position, whether it's 'long' (betting on the price to rise) or 'short' (betting on the price to fall).
Tortle Ninja's platform offers an all-encompassing solution for navigating the realm of yield farming. We've integrated on the Arbitrum ecosystem with leading protocols like Camelot, SushiSwap, Balancer, and GMX, granting users entry into more than 20 Vaults and Farms. These options span a broad spectrum of opportunities for earning returns on various assets.
With Tortle Ninja vaults, you can effortlessly harness the power of auto-compounding across all farms available on our platform.
Our vaults at Tortle Ninja are designed to seamlessly automate this compounding process. Whether it's every 24 hours or triggered by a new user adding liquidity, our vaults spring into action by instantly converting all reward tokens into compound interest. This strategic mechanism progressively grows your investment over time. As a bonus, we take care of gas costs – they are already factored into our initial fee, ensuring that the auto-compounding procedure doesn't add any extra expense for you, our valued user.
Liquidity on Tortle Ninja is closely tied to trading volume. Volume represents the total monetary value traded within a specific pair over the past 24 hours. Within the liquidity pool, volume plays a pivotal role as it directly influences our profits, which stem from commissions earned on that pair.
In this context, higher trading volume translates to increased commissions, which are then distributed among all liquidity providers. So, the greater the trading volume, the larger the commissions shared among those participating in the liquidity pool.
The cost required to execute a transaction on a blockchain, often measured in Ethereum's native currency, Ether (ETH). For every transaction, we charge an upfront fee of 0.5% and a 5% fee on profits at the end. This covers the gas expenses of execution, which sometimes require more than one transaction. So, with Tortle Ninja, you only need the initial gas to operate. We take care of the rest.
In addition to our fees, DEXs and protocols charge additional fees for their services. These costs are normally small and are included in our analytical suite, so you will always have visibility into the total costs.
Oracles provide real-world data to blockchain smart contracts, vital for DeFi apps. In Tortle Ninja, we have Combo Triggers that work like oracles, collecting data from both on-chain and off-chain sources. These triggers adapt strategies based on received information. For example, Tortle Ninja allows you to profit by farming tokens during periods when their value is decreasing, opening up numerous innovative possibilities for advanced token trading strategies.
On-Chain/Off-Chain
On-chain" refers to activities or data that are recorded directly on the blockchain, making them immutable and transparent. "Off-chain" refers to activities or data that occur or exist outside the blockchain, often in a more traditional or centralized manner.
A Progressive Web App (PWA) is a web application that mimics the user experience of a native mobile app. This technology is especially advantageous for blockchain and cryptocurrency platforms. Exciting news: Tortle Ninja is now accessible as a mobile app, harnessing PWA technology to offer users a native mobile app-like experience.
Last modified 2mo ago