flyingtulip.com
@flyingtulip_
Backed by Amber Group, CoinFund, FalconX, Fasanara Digital, Lemniscap, Nascent, Sigil Fund, Susquehanna Crypto, Tioga Capital, and more.
2.3K Following 47K Followers
DeFi isn’t dying. It is evolving into onchain finance.
@AntonNellCrypto joins @morethanspecpod to discuss how Flying Tulip is building a connected financial system built around better capital efficiency and a unified user experience.
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FT/ftUSD liquidity on @CurveFinance is currently earning 16.03% APY, with up to 44.65% max boost.
Add liquidity to the pool and stake to earn CRV emissions based on gauge weight.
Curve LPs will also be eligible for Flying Tulip points.
▸ Add liquidity:
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The Flying Tulip community is open to everyone.
Join us for product updates and discussion, share feedback, earn community roles, and test new products before they go live.
Need technical support? Open a ticket in Discord.
▸ Discord:
▸ Telegram chat:
▸ Announcements:
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The first phase of DeFi proved that financial logic could live onchain.
The next phase is integrated market structure: shared collateral, transparent settlement, explicit risk, and products designed to operate as one system.
Good conversation with The Block on Flying Tulip, total return swaps, ftUSD, and why we are scaling slowly and safely.
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Exploring the origins of DeFi protocols with Andre Cronje
Flying Tulip Weekly Update: August 21
This week, Flying Tulip live-product TVL crossed $21.8M, with $4.72M in ftUSD and $17.08M in Lend. All without points or other incentives.
Protocol buybacks also hit new highs this week, with two record days reaching more than 24K FT and 25K FT in buybacks.
Current APYs:
— Lend USDC: 3.14% on Ethereum / 5.59% on Sonic
— ftUSD: 9.96% on Ethereum / 9.18% on Sonic
Andre Cronje joined The Block to speak about the evolution from immutable DeFi to capital-efficient on-chain finance, and what Flying Tulip is building.
More stats and links in reply 👇
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Flying Tulip live-product TVL crossed $21M, and keeps growing.
▸ $16.53M in Lend
▸ $4.72M in ftUSD
Data from
From immutable DeFi to capital-efficient on-chain finance.
Flying Tulip is designed to make your capital do more.
Earn, borrow, swap, place limit orders and access leveraged exposure from a single non-custodial account.
Full conversation with @TheBlockCo 👇
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Exploring the origins of DeFi protocols with Andre Cronje
Two ways to put your stablecoins to work on @flyingtulip_ on Sonic:
▪️Mint ftUSD with USDC or USSD, stake it as sftUSD and earn 8.88% APY
▪️Deposit USDC into FT Lend and earn 6.78% APY
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Flying tulip is flying but will be soaring
(My words in the podcast above)
All user activity on Flying Tulip creates demand for FT.
Fees and revenue generated across the product suite fund open-market buybacks.
More usage. More buybacks. No token inflation.
.@flyingtulip_ keeps pushing to new highs 👀
24,151 FT bought back through protocol buybacks over the last 24h.
A new ATH.
Meanwhile, Global TVL has reached $20M:
→ $15.24M Lend / TRS / Trade
→ $4.71M ftUSD
ftUSD yields remain strong across both chains:
Ethereum: 9.18% APY → 9.32% projected
Sonic: 8.94% APY → 10.74% projected
No token incentives.
No emissions.
No rewards farming.
TVL is growing, protocol activity is scaling, and FT buybacks are accelerating alongside it.
The trend is getting harder to ignore. 🌷
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Fees up. Revenue up. TVL up.
3 of 16 products live.
2 of 9 chains live.
Flying Tulip is growing.
FT Lend over $15m
ftUSD just under $5m
Fees up. Revenue up.
Buybacks over $1k/day.
ftUSD earning 9.29%
System AUM $70.91m
Horizontal progress: 3 out of 16 products activated.
Vertical progress: 2 out of 9 blockchains activated.
Vertically and Horizontally scaling.
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One useful outcome of the onchain-finance discussion is that people are asking better questions.
Not only “is it decentralized?” but:
Who can upgrade?
Who can pause?
Where is collateral held?
How are liquidations executed?
Who bears losses?
What is measurable onchain?
Better questions produce better financial systems.
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Caps increased. Caps filled. Caps increased. Repeat.
DeFi was the proof.
Onchain finance is the operating model that followed: public settlement, explicit trust assumptions, accountable operators and measurable risk.
The label matters less than whether the system is transparent, resilient and produces better outcomes.
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DeFi was envisioned as decentralized, immutable and without intermediaries. But the world is not immutable, and crypto needs to work for people without a technical background.
Flying Tulip is building for on-chain finance, combining better user support with transparent rules and open participation while recognizing the role of curators and risk analysts.
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🎙️ "I don't think DeFi exists anymore outside of very small niches."
@rkbaggs sat down with @AndreCronjeTech, founder of @flyingtulip_, to talk about the evolution of DeFi and how immutability has gone from a feature to a bug.
#CHAINREACTION#
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Mint ftUSD with USDC for a projected APY of 10.29% on Ethereum or 10.61% on Sonic.
Mint and redeem instantly, with no delays.
Most financial products make capital choose one job: earn, borrow, trade or hedge.
Flying Tulip is built around the opposite idea, one transparent collateral base, one settlement layer, one risk perimeter.
Spot, Leveraged Trading and TRS are in private beta. Now we harden, integrate and scale.
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Lend keeps scaling.
More capacity. Lower borrowing costs.
Sonic
▸ wS borrow cap: 8M → 12M wS
▸ stS supply cap: 8M → 12M stS
Ethereum
▸ WETH borrow cap: 100 → 200 WETH
Interest-rate models for S, ETH, USDC, USDT and ftUSD were also optimized to reduce borrowing costs.
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Flying Tulip Weekly Update: August 7
This week, testing, optimization and hardening continued across Spot, leveraged trading and TRS, with private beta access open to select Discord roles.
TVL for live products reached a new all-time high of $18.6M, including $13.95M in Lend and $4.62M in ftUSD supply across Ethereum and Sonic.
Current APYs:
— Lend USDC: 3.43% on Ethereum / 9.23% on Sonic
— ftUSD: 9.02% on Ethereum / 6.97% on Sonic
More stats in reply 👇
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