Sonic Eco
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加入 October 2024
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ftUSD on Sonic can be minted via USDC or USSD, with 7.08% APY.
Flying Tulip Lend processed 30+ stressed liquidations this week.
Soft liquidations make the process less destructive. Instead of forcing a full unwind, Lend sells only the collateral needed to restore account health. 👇
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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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