The Tortle Ninja team believes in agile development. In essence, what you will find here is a backlog with priorities. Some features will have a deadline, and some will not. Keep an eye for updates.
Tortle MVP version 1.0 was deployed in Q3 2022. At the time of writing, it is currently in the beta phase on the Fantom Mainnet with these features:
- Recipe creator
- Recipe execution engine
- Swaps, Splits, Liquidity providing, Farming
- Detailed log on all operations
- Public and Private Recipes
Additionally, we have developed:
- A vault system similar to YearnFinance that automatically compounds your earnings
- New types of Combo Triggers that work with SpookySwap APRs
- A great analytical tool to manage all your portfolio and understand how farms, LPs, and Vaults progress over time
The MVP of Tortle does not yet fulfill the vision we have, so let's talk about what we want to do next. The following features do not have an estimated delivery date and will be released when done.
Nothing lame here, just cool features!
Since we are able to calculate the actual outcome of a recipe, why not make it evolve over time and adapt to any global performance changes? That's one of the many things we're working on right now.
We want Tortle to be available for everyone, even for the millions of mobile-only DeFi users. That's why we are developing a mobile version of Tortle with the same powerful features but wrapped in a simple and easy-to-navigate UI.
Yearn is one of our favorite projects. Without it, Tortle wouldn't have been possible. We are adding Yearn Finance Vaults to our product stack. By doing so, Tortle users will be able to use vaults inside their strategies.
TWAPs and Segmented Orders enable a new type of strategy where users can split their orders. Tortle Ninja will allow you to DCA Farm and segment your strategies over time.
As of now, we are integrated with SpookySwap (Uniswap/SushiSwap/Masterchef). Our next DEXs will be based on Balancer, and we are working on them!
On DeFi, shit just happens. Technical bugs, exploits, and economic attacks plague the environment, making a lot of people lose not only their assets but their confidence in the ecosystem. For that, we wanted to create what we call the Tortle Relief Fund. When you finish a transaction on Tortle Ninja, we will ask you for an insurance fee based on the composition of the operation. That fee goes straight into the fund. In the event that some users lose funds because of an issue on Tortle Ninja, all the insurance fees you've accumulated will be returned to you.
Social signals are important. At this moment, we are working with our partners and analyzing the crypto landscape on Twitter so combo triggers can be activated when sentiment about certain assets changes.
Any investment recipe is valuable information; sharing it as open-source on a blockchain can be valuable information for other agents. Both the V1 of Tortle and its first recipes are off-chain, but we plan to have at least 4 types of recipes, and these are:
- Private Recipes: They are linked to a wallet and executed off-chain so that nobody can access them.
- Private/Public Recipes: These recipes have a formula that's publicly available, but their execution is private. Anyone can use the same strategy, just without access to its execution times and quantities.
- Public Recipes: These are fully open-source recipes with a clear execution time and all their logic on-chain. In case a user or a group of users wants to publish their strategies, their data will be public on the network.
- ZK- Recipes: This is a new kind of recipe we are working on using ZK- Roll-ups. Users can enjoy all the positive effects of private recipes while having their funds remain on smart contracts. This way, all their funds stay on-chain.
The social trading side of Tortle Ninja is not developed yet, but we see great potential in it. Before the end of 2022, we will be working on this so our users can get ideas from each other, and the best strategy from these ideas will be rewarded. Also, we plan to introduce other social features so that everyone can make the most out of Tortle Ninja.
Maybe some users want to invest in Tesla or Apple using their crypto but what we plan is the creation of synthetic assets called Mirrored Assets, created by just adding overcollateralized crypto assets by just using oracles linked to "real world" asset prices.
Even if risky leverage is an interesting opportunity on certain assets, leverage on DeFi is complicated, what if we can set up a strategy, mint a unique NFT with a leveraged position, stake tokens, and set up a recipe? Leverage tokens multiply the impact of the movement of an underlying asset. This means that if you are 2x exposed to an asset, you will experience increased gains when the market moves in your favor, but also experience increased losses if the market moves against you.
A bot armada is an automatism, deployed on the Fantom network that sniffs nice investment opportunities. Our first bot will be a fresh token Sniffer, that basically will scan the Fantom network's new tokens, make automated due diligence based on parameters like smart contract anatomy, distribution, and price, and will buy some of those tokens, to add them to a recipe, so the user can choose what to do after, if to HODL or sell them when certain conditions are met.
Being a great invention Gas is also a hurdle for retail investors, what if we could pay the transactions on the coin we have? That is exactly what we want to do, for every transaction scheduled we will reserve a fee to pay the miner, so Tortle will pay the price of the gas the moment the transaction is done and give the rest back to the user.