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flyingtulip.com
@flyingtulip_
Backed by Amber Group, CoinFund, FalconX, Fasanara Digital, Lemniscap, Nascent, Sigil Fund, Susquehanna Crypto, Tioga Capital, and more.
๊ฐ€์ž… February 2025
2.3K ํŒ”๋กœ์ž‰ ์ค‘    47.3K ํŒฌ
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 โ€” 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 โ€” mint, stake, and unstake at any time. More stats in reply ๐Ÿ‘‡
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