ftUSD earning 10% stable now for 3 months @ $5m. DN scaling up, still only 1x, safe up to 8x.
ftUSD fully liquid against USDC/USDT, but even if you don't want the risk, can borrow for 1.09% from Margin lending and still earn the delta.
Using BTC as collateral even earns 0.72% (will keep increasing thanks to
@yieldbasis).
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.
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