flyingtulip.com
@flyingtulip_
Backed by Amber Group, CoinFund, FalconX, Fasanara Digital, Lemniscap, Nascent, Sigil Fund, Susquehanna Crypto, Tioga Capital, and more.
2K Following 48K Followers
Flying Tulip Weekly Update: July 3
This week, Lend crossed $10.40M TVL, ftUSD supply grew to $4.17M, and all-time yield generated by PUT backing capital passed $1M
Current yields:
— Lend USDC: 3.54% on Ethereum / 3.97% on Sonic
— ftUSD staking: 11.25% on Ethereum / 6.88% on Sonic
Mint ftUSD with USDC/USDT on Ethereum or USDC/USSD on Sonic, then stake and earn.
Instant liquidity. No lockups.
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Flying Tulip Weekly Update: June 26
This week, Lend processed 30+ stressed liquidations. RFQ-based soft liquidations sold collateral required to restore account health, with an average haircut below 1% and near dollar-for-dollar debt repayment.
Broader market turbulence not bothering ftPUT holders who retain the option to redeem original capital. Secondary-market impact also remained limited, with token buybacks trending higher.
Lend TVL held at $9.13M, while total ftUSD supply increased to $3.76M — On Ethereum, mint ftUSD with USDC or USDT, stake and earn 13.94% APY. On Sonic, mint with USDC or USSD, stake and earn 7.08% APY.
No lockups — mint, stake, and unstake at any time.
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New asset listed on Sonic Lend: USSD
Sonic’s native stablecoin is now available in Flying Tulip’s Margin Lending market.
ETH Lend now above $1M in deposits.
Margin Lending is now LIVE on Ethereum
This is a key building block for Flying Tulip, extending the capital-efficiency layer by allowing users to supply assets to earn yield or borrow against collateral on Ethereum.
It also enables delta-neutral strategies needed to scale ftUSD, while establishing the margin infrastructure for Spot, leveraged trading, and TRS.
➡️Deposit and Earn:
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ftUSD caps have been increased again.
On Sonic Lend:
USDC: 1M -> 10M
wS: 30M -> 100M
Earn 5.63% on Sonic by depositing into ftUSD.
Margin Lending is now LIVE on Ethereum
This is a key building block for Flying Tulip, extending the capital-efficiency layer by allowing users to supply assets to earn yield or borrow against collateral on Ethereum.
It also enables delta-neutral strategies needed to scale ftUSD, while establishing the margin infrastructure for Spot, leveraged trading, and TRS.
➡️Deposit and Earn:
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5.11% on USDC on Sonic
5.27% on USDT and USDT on Ethereum
- No token incentives
- No subsidies
- No "points"
- No looping
- No leverage
- No "unstaking period"
- No "exit queue"
- Instant redemptions & liquidity
Defi hasn't reached its peak yet, there is so much more to explore and build onchain.
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05.05.2026 stats
PUT
Revenue: $778.77k
ftUSD
Minted: $1.49m
USDC/USDT APY: 5.91%
Margin Lending
Deposits: $2.02m
Borrows: $251.46k
Earnings: $921.16
USDC APY: 2.86%
$FT
FT bought & burned: 12.185m ($1.22m)
Collateral NAV price: $0.10366
Secondary NAV price: $0.07031
FDV: $63.63m
PUT Volume: $1.21m
Community
Dashboard: @DoctorDeFi
Analytics: @couchdicks
Revenue:
Marketplace Volume:
Resources
ftPUT:
ftUSD:
Margin:
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Flying Tulip USD
$1.5m earning 5.9% APY on USDC & USDT
- No incentives.
- No subsidies.
- No looping.
- No leverage.
- No gimmicks.
- Caps increased from $1m to $5m.
Dashboard:
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April metrics update:
• ftUSD supply +38% vs March to $1.49M
• Sonic ftUSD +113% vs March
• All-time revenue +64% vs March to $750k
• Lend launched to $1.76M supply with no active incentives
• $1.4M FT bought back/burned
Products live. Metrics compounding.
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