Flying Tulip May Update
In May, we focused on optimizing, hardening, and scaling ftUSD, margin-based Lend, and the infrastructure needed for Spot, Leverage Trading, and TRS.
ftUSD supply grew from $1.49M to $2.07M, with activity-based APY of 29.36% on Sonic and 8.02% on Ethereum. Margin-based Lend expanded to Ethereum, and total Lend TVL reached $4.90M — all without incentives or points.
Read the full update: https://t.co/g3B15fxmIH
Meet @SonicLabs - $S.
A project that was once ranked among the Top 60 on CMC.
Today, it's trading more than 90% below its highs and sitting near a critical long-term support zone.
Worth watching.
ftUSD is now available as collateral on Lend.
Also, BTC borrow costs were reduced on Sonic and Ethereum through interest rate model optimization.
Sonic Lend parameters were updated to make borrowing more accessible:
▸ minimum margin equity reduced: $250 → $10
▸ minimum repayment amount reduced: $10 → $2
Regardless of Market conditions @SonicLabs keeps building - 0xsoniclabs GitHub is active 🔨
Learning something new today 🤓👇
1. Carmen is a custom-built, high-performance database/storage engine ⚡️
Why needed? To stop database from slowing down as the chain grows.
Allows to store and access a massive amount of data extremely fast while using less disk space.
This #WorldCupWednesday feels a little different… The #FIFAWORLDCUP is right around the corner ! Check out your local Costco for the newest #ClutchTheEagle merch 👀👀 These things are flying off the shelf! 🇺🇸🦅
Vertical integration on Sonic is moving from concept to data.
With zero incentives, $USSD is at ~$80K annualized RWA yield, while @ShadowOnSonic's AutoVault has already bought ~350K $S from market activity.
Different products, different revenue sources, same route back to $S.
🔴 Necesito vuestra ayuda para seguir.
1/2 Difundan ese mensaje, por favor. 🙏🏻
Tras años de amenazas, una agresión en 2020 y más de 10 denuncias archivadas, ahora enfrento una gran ofensiva judicial en Madrid. ACO y el centro de menas de Hortaleza han presentado denuncias contra mí, usando incluso la LOPD para atacar mi trabajo. Se me acusa de delito de odio, revelación de secretos e irregularidades por el mero hecho de publicar datos oficiales.
Además de las tres demandas que ya inicié contra calumnias y difamaciones (gracias a los que colaborasteis), ahora debo afrontar mi defensa en los dos procedimientos abiertos. No quiero rendirme.
Acabo de activar un nuevo GoFundMe para cubrir la defensa legal, la contraofensiva judicial y continuar mi investigación. Vuestra ayuda es clave. Gracias de corazón.
https://t.co/GM8tMdZ0xg
Funny how people fade projects after 2 quiet days…
Meanwhile football media is warming up,
transfers are exploding,
national teams are forming,
and the World Cup machine is slowly starting to roar 🌍⚽
Patience wins championships.
And sometimes… meme coins too 🦅🔥