Flying Tulip

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

[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] .@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] 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] .@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