Flying Tulip

[image] .@flyingtulip_'s ftUSD on Sonic and Ethereum is becoming one of the best onchain yield sources for stablecoins. 🔹 Sonic: 5.11% 🔹 Ethereum: 5.27% No incentives. Just pure yield.

[image] Flying Tulip on Sonic Network 🔹ftUSD - 7.15% 🔹USDC deposit on Lend: 10.87% Mint ftUSD with USSD/USDC Deposit USDC

[image] More than 50% of free floating @flyingtulip_ $FT supply has been bought back & burned 🔥

[image] One of the most important charts for @flyingtulip_: core product revenue. Currently, two products are live: 🔹 ftUSD on Sonic and Ethereum 🔹 Margin Lending on Sonic 100% of revenue flows back to the ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c token through spot market

[image] Looks like ftUSD yield on @flyingtulip_ has been turned on. A few things: 1⃣ftUSD is not yield-bearing. 2⃣Staked ftUSD (sftUSD) earns yield. 3⃣Yield from the collateral is used to buy back FT, and the bought-back FT is distributed to stakers as yield. 4⃣The collateral backing

[image] 10 $FT put sales worth $10K each on @flyingtulip_ marketplace in the past few hours! People are gradually realizing the value of Flying Tulip Puts, which give downside protection while preserving upside exposure to the $FT token. Community dashboard

[image] ftUSD yield on @flyingtulip_ 🔹Sonic: 5.63% 🔹Ethereum: 5.04% Mint with USDC or USDT, and redeem back to USDC/USDT in one click with instant liquidity. No looping, no exit queue, no unstaking period, and no incentives. Just clean stablecoin yield onchain.

[image] .@flyingtulip_ keeps moving ✅$200K tvl for ftUSD ✅Additional 1.65M $FT bought back via put withdrawals. (Total ≈ 5M FT ≈ $500K) ✅Marketplace server added to Discord. (if you listed your puts recently, drop by on discord) ✅ @0xDoubleSharp update FT dune. Now shows floating

[image] Another batch of @flyingtulip_ buybacks have been burned 1,612,976.8 $FT ($158,515.30)

[image] Staked ftUSD yield on @flyingtulip_ ▪️Ethereum: 6.36% ▪️Sonic: 4.07% Margin Lending on Sonic ▪️Deposit USDC APY : 3.39% ▪️Borrow USDC APY: 1.64% ftUSD: Margin Lending:

[image] There are only 4.1M tradable @flyingtulip_ tokens! Put Exits = $FT goes directly to non-circulating (All of which will be burned when protocol revenue reaches $3.5K/day) >80% of the total supply PUT Withdrawals = Buy wall at withdrawal NAV. >10M tokens already bought back &

[image] Slowly but surely, @flyingtulip_ is scaling. Flying Tulip’s Margin Lending on Sonic has now crossed $2M in TVL. 🔗

[image] .@flyingtulip_ PUT activity is picking up again. 🔹9 sales in the past 24 hours. 🔗

[image] Flying Tulip @flyingtulip_ margin lending is scaling on Sonic! >3x in TVL in past 24 hours! While $ftUSD staking yield now at >6% on Ethereum & >3% on Sonic network.

[image] Staked ftUSD yield on @flyingtulip_ 🔹Ethereum 5.28% 🔹Sonic 3.55% Margin Lending stats . Total deposits $4.84M 🔹Sonic: $3.2M 🔹Ethereum: $1.65M 🔗 🔗

[image] .@flyingtulip_ deposits just crossed $10m Protocol is still capped and zero incentives. This during worst onchain market conditions. All yield/revenue/fee goes to buyback ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c from spot. Spot clob, TRS, leverage still to come

[image] .@flyingtulip_ margin lending global TVL has now crossed $5M, with $3.4M on Sonic and the rest on Ethereum. All of this with no incentives. Pure yield.

[image] .@flyingtulip_ has launched two products within 30 days of going live: 🔹ftUSD 🔹Margin lending Both are capped and operating in guarded mode. The next growth phase has begun. It is still early, but the protocol is now generating revenue beyond raise yield, with 100% of that

[image] PUT sales are flying. As spot ethereum:0x5dd1a7a369e8273371d2dbf9d83356057088082c moves closer to the PUT strike price, activity is picking up on the @flyingtulip_ PUT NFT marketplace. Over $55k worth of sales in the past 24 hours.

[image] Yield on sonic-3:native Sonic is going bonkers. The best part, this is without any incentives. Mint ftUSD with USSD / USDC and stake it for 33.75% @flyingtulip_'s onchain delta-neutral strategy + yield from unstaked ftUSD going to sftUSD holders