DeFi Earning Aggregator Turtle Raises $5.5 Million

On-chain liquidity distribution protocol Turtle has raised $5.5 million in new capital, bringing its total funding to $11.7 million. The project will use the fresh funding to expand its engineering team, develop its DeFi yield-earning product infrastructure, and deepen its integrations across multiple blockchain ecosystems, according to a press release shared with The Defiant.

The funding round saw participation from institutional investors including GSR, FalconX, Anchorage VC, as well as founders from Polygon, 1inch, and Gnosis.

Turtle describes itself as an infrastructure hub that moves liquidity across decentralized finance, connecting capital providers and protocols through a "coordination layer” that matches liquidity with earning opportunities, while tracking wallet and vault activity on-chain.

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