Turtle Club announced the closing of a $6.2 million seed funding round to advance its on-chain liquidity distribution protocol. The funding round was led by THEIA, with participation from 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, Tulipa Capital, and others. And notable angel investors include Ethereum co-founder Joseph Lubin, Wintermute co-founder Yoann Turpin, and Ryan Fang of Ankr.

What Turtle Club does: Turtle Club enables on-chain liquidity distribution by allowing liquidity providers (LPs) to earn rewards across multiple protocols. And the protocol also helps projects and distribution partners align incentives, create visibility into liquidity costs across chains, establish risk-adjusted benchmarks for protocol categories, and design more sustainable incentive models. The capital providers benefit from transparent metrics that guide strategic deployment.

-- $550 million deployed in 45 days via its first chain bootstrapping campaign

What the funding will be used for: The funding supports the project's mission to improve how liquidity is coordinated and deployed across decentralized finance (DeFi) ecosystems.

Turtle Club will also use the proceeds to expand its engineering team, support new protocol integrations, and grow its distribution network.

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