flyingtulip.com
@flyingtulip_
Home of onchain finance. Make your capital do more. Earn, borrow and trade with direct control of your assets. Discord:
2.6K Following 46.1K Followers
A quick catch-up on last week at Flying Tulip:
▸ New Swap: wallet and account swaps, limit orders, swap to earn and no platform fee
▸ Increased Lend caps for ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c supply and WETH borrowing
▸ Ethereum Lend markets and ftUSD staking on @vaultsfyi
▸ ftUSD staking through @turtledotxyz
Full weekly update with stats and links below 👇
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Flying Tulip is building onchain finance around one account: earn, borrow, swap, trade, leverage, go long or short, and hedge your exposure.
Shared collateral keeps capital productive, deposit yield helps offset borrowing costs, Trade, Swap and TRS source available onchain liquidity, and TRS has no ADL.
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Flying Tulip Weekly Update: October 9
This week:
▸ Deposit ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c on Lend: Borrow against it, use it as collateral for spot or leveraged trading on Trade, or go long, short or hedge through TRS.
▸ Ethereum Lend supply caps increased: FT: 2.81M → 3.65M; ftUSD: 1.87M → 2.50M
▸ 330M unallocated FT burned
Earn on Ethereum, Sonic and BNB through ftUSD staking and Lend, with additional Flying Tulip Rewards for eligible activity. Current APYs:
—Lend USDC 3.8% Ethereum / 4.8% Sonic / 3.1% BSC
—sftUSD 9.7% Ethereum / 10.1% Sonic / 0.4% BSC
More stats and links in replies 👇
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Flying Tulip’s Perpetual Options combine downside protection with uncapped FT upside, all in one NFT.
September at Flying Tulip 🌷
The monthly update covers:
▸ Introducing Trade & TRS
▸ BNB Chain launch
▸ New assets, higher caps & ftUSD minting options
▸ ssftUSD & ftUSD explainers
▸ Flying Tulip Rewards & redemption
▸ Andre on Law of Code: vaults and accountability
▸ Building trust and sustained adoption
Full update👇
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Earn with Flying Tulip on @ethereumfndn.
Mint ftUSD with USDC, USDT, USDe, USDG or crvUSD. Stake it to earn 9.91% APY. Redeem anytime.
Or supply assets on Lend and earn:
▸ USDC: 3.81% APY
▸ ETH: 1.69% APY
▸ USDT: 3.70% APY
▸ crvUSD: 2.87% APY
▸ USDG: 2.80% APY
On top of that, earn additional rewards through Flying Tulip Rewards.
Links below 👇
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Earn with Flying Tulip on @SonicLabs.
Mint ftUSD with USDC. Stake it to earn 10.1% APY. Redeem anytime.
Or supply assets on Lend and earn:
▸ USDC: 4.79% APY
▸ ETH: 3.1% APY
▸ S: 2.6% APY
▸ ftUSD: 7.81% APY
On top of that, earn additional rewards through Flying Tulip Rewards.
Links below 👇
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Flying Tulip is a unified onchain financial account.
Deposit collateral, earn yield, borrow, trade, go long or short, and settle it all within the same system.
Perpetual PUT holders retain the right to:
▸ exit their position and get a full refund,
▸ withdraw FT and sell it on the open market,
▸ sell their PUT on the Marketplace at a premium.
@aave is winding down on @SonicLabs
But yield is not 👇
On @flyingtulip_ right now:
Mint and Stake ethereum:0xf7d85ec4e7710f71992752eac2111312e73e9c9c for 9.88% APY
(Redeem anytime)
Lend, Deposit APY:
- sonic-3:native / wS 2.60%
- USDC 4.87%
- ethereum:0xf7d85ec4e7710f71992752eac2111312e73e9c9c 7.73%
Same deposit earns yield and can back TRADE and TRS.
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More room to supply ftUSD on Flying Tulip Lend.
Ethereum supply cap increased 1.87M → 2.50M ftUSD.
Flying Tulip Rewards are live, with 20% of FT supply going to users for eligible activity.
Here is how it works 🧵
FT makes for quite unique collateral, in that it has a built in floor, where we know we are always the buyer of last resort. High maintenance margin for now, but expanding into collateralized (or instant redeemable) assets unlocks a very broad category of RWA's at the end of the day. Just another step towards all onchain finance.
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Got ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c?
Supply it to your margin account. Borrow against it, use it as collateral for spot or leveraged trading on Trade, or go long, short or hedge through TRS.
Links below 👇
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When holders withdraw FT from their Perpetual PUTs, the backing capital is released and used to buy back and burn FT.
Over $2 million worth of FT has so far been bought back and burned this way.
Earn with Flying Tulip on @SonicLabs.
Mint ftUSD with USDC. Stake it to earn 10.1% APY. Redeem anytime.
Or supply assets on Lend and earn:
▸ USDC: 4.79% APY
▸ ETH: 3.1% APY
▸ S: 2.6% APY
▸ ftUSD: 7.81% APY
On top of that, earn additional rewards through Flying Tulip Rewards.
Links below 👇
Show more
FT supply cap increased on Ethereum Lend: 2.81M → 3.65M FT.
Earn with Flying Tulip on @ethereumfndn.
Mint ftUSD with USDC, USDT, USDe, USDG or crvUSD. Stake it to earn 9.91% APY. Redeem anytime.
Or supply assets on Lend and earn:
▸ USDC: 3.81% APY
▸ ETH: 1.69% APY
▸ USDT: 3.70% APY
▸ crvUSD: 2.87% APY
▸ USDG: 2.80% APY
On top of that, earn additional rewards through Flying Tulip Rewards.
Links below 👇
Show more
Got ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c?
Supply it to your margin account. Borrow against it, use it as collateral for spot or leveraged trading on Trade, or go long, short or hedge through TRS.
Links below 👇
Show more
Perpetual PUT holders retain the right to:
▸ exit their position and get a full refund,
▸ withdraw FT and sell it on the open market,
▸ sell their PUT on the Marketplace at a premium.
Flying Tulip is building onchain finance around one account: earn, borrow, swap, trade, leverage, go long or short, and hedge your exposure.
Shared collateral keeps capital productive, deposit yield helps offset borrowing costs, Trade, Swap and TRS source available onchain liquidity, and TRS has no ADL.
Show more
