Glossary

Key Terminologies and Phrases in Tortle Ninja

Recipes

In Tortle Ninja, we use "Recipes", which are a set of nodes that create a wide range of DeFi products and strategies. They are simply referred to as "DeFi Strategies and Products" in Fast Mode.

Combo Triggers

Our Combo Triggers give users the power to continuously adjust strategies by executing actions based on information received. They function similarly to oracles, gathering data from both on-chain and off-chain sources. Combo triggers are what allow you to farm tokens until their value decreases. There are numerous possibilities with combo triggers.

Liquidity Pool

Liquidity pools are smart contracts that hold funds to facilitate trades in the DeFi space. Users who provide liquidity to this pool receive a small commission for each DeFi transaction made. The commissions they receive are closely tied to trading volume. Volume represents the total monetary value traded within a specific pair over the past 24 hours.

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.

Yield Farming

This is another way to earn rewards in DeFi - users deposit cryptocurrencies and gain rewards in the form of more cryptocurrencies. Tortle Ninja's platform offers an all-encompassing solution for navigating the realm of yield farming. We've integrated ourselves into Arbitrum's 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.

Gas Fee

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 fee incurred when executing recipes or DeFi strategies, which sometimes require more than one transaction. With Tortle Ninja, you only need to pay the initial gas fee to operate, and we take care of the rest.

In addition to our fees, other DEXes and protocols charge additional fees for their services. These additional fees are normally small and are included in our analytics, so you will always know how much your DeFi transactions cost.

Longing/Shorting Assets

In Tortle Ninja, we have incorporated Perpetual DEXes through the Perpetual Node. This feature gives you a new layer of fine-tuning in your strategies. It allows you to set your preferred leverage level and the direction of your position, whether it's 'long' (betting on the price of an asset to rise) or 'short' (betting on the price of an asset to fall).

APY and PnL

Our recipes make use of Annual Percentage Yield (APY) and Profit and Loss (PnL) figures to track their real-time performance. The analytics engine we use ensures that you get accurate information on how your investments are doing.

Open and Closed Positions

These refer to the investments you've made in Tortle Ninja. An open position is a recipe that's still running and has not been completed. Likewise, a closed position means that your recipe has been completed and any funds you've earned from it have been returned to your wallet.

Auto-compound

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 fees – they are already factored into our initial fee, ensuring that the auto-compounding procedure doesn't add any extra expense for our valued users.

Motivation on Recipe

In Tortle Ninja, 'Motivation' within your recipe context pertains to the underlying rationale and reasoning behind your combo trigger. It clarifies the thought process behind the choices made during the development of a particular DeFi recipe.

Oracles

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 cause strategies to adapt based on information they receive. For example, Tortle Ninja allows you to profit by farming tokens during periods when their value is decreasing, opening up numerous possibilities for more 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.

Progressive Web App

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.

$TORTLE

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.