It is important for a protocol to be able to bear its own building costs. Turtle and Lunar Strategy together generated $1.04M in revenue in Q3. This account is excluded from cash in basis and intercompany transactions. To me, the most important aspect of these numbers is that Turtle is not just talking about building the infrastructure of the future. In addition to building infrastructure, real income has also come from their services and distribution. This is an important development for a new Liquidity Distribution Protocol. @turtledotxyz Q3 report is worth a look.
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