FT will support all tokenized stocks; xstocks, bstocks, rh, cb.
Use as collateral, earn yield, leverage trade (up to 10x leverage currently supported on QQQ), setup TRS and farm dividends, or even use QQQ as collateral for derivative positions. All in one place.
New tokens have been listed on Flying Tulip Lend, adding new ways for users to earn, borrow, trade and hedge from the same integrated account.
Three additional stablecoins can also now be used to mint ftUSD.
Read the blogpost 👇
3 down, 11 to go.
As the stack matures our rollouts become faster and faster. BSC deployment took around ~1 month, next one should be ~1-2 weeks.
We will transform every blockchain experience equivalent to a centralized exchange. Margin accounts, spot trading, leverage trading, hedging, total return swaps, perps, insurance, and vaults. All in one. Gas fees and even wallet signing optional. Try sessions for a completely gas fee and signing free experience. Driven purely by API, executed purely onchain.
DeFi was envisioned as decentralized, immutable and without intermediaries. But the world is not immutable, and crypto needs to work for people without a technical background.
Flying Tulip is building for on-chain finance, combining better user support with transparent rules and open participation while recognizing the role of curators and risk analysts.
Few niche milestones this month;
1. $1m in funding officially reached. 🥳
2. TVL over $15m (ex Options, incl Options $70m), with 0 incentives in 4 months (for context yearn took 2 years to reach $8m).
3. ftUSD has maintained its > 7% APY target / anchor for 3 consecutive months
4. $20k in pure revenue generated (over and above the $150k from Options). If TVL reached $75m we would already meet the 95% token burn target (correctly reflecting our FDV to $2-$50m), and this is pre-Spot&TRS.
5. Spot and TRS in private Beta, have received some nice comments already "why hasn't this existed onchain before, seems so obvious now?".
6. RWA atomic settlement system activated.
7. LST atomic settlement system activated.
8. 2 Large curator poc's with launching their own vault infra on FT stack.
9. Listed FT assets onto Curve, Morpho, and working to expand liquidity.
Also added a few new items to our roadmap;
- RWA atomic settlement
- LST atomic settlement
- Tokenized perps
- Tokenized leverage
Alpha testing going well on;
- Orderbook
- Onchain derivate primitive
- Permissionless endogenous lending & derivatives
We have now officially earned/raised $1m in funding 🥳. With that we built the new PUT raise, Circuit Breakers, equity based margin lending, delta neutral onchain yield tokenization, ftUSD, RFQ based liquidations, RFQ & book based spot, total return swaps. In 5 months with much more to come. We aren't done till every blockchain is the equivalent of a top centralized exchange. All investors that didn't want to wait that long got to exit their original investment at no loss, no secondary dumping due to forced positions. All while the protocol buybacks have been growing steadily. Strongly recommend teams to consider this secured raise model.
The cool think about crypto finance, is you can build things like buybacks into the protocol as a first class citizen instead of a post revenue afterthought.
It's smol, but being revenue positive since day 1 definitely helps alleviate a lot of the usual "crypto project sustainability" concerns. Very happy with the first 90 days.
🏦The Prividium Difference
Prividium ensures that sensitive data never leaves your infrastructure. Transactions, counterparties, and balances remain private, while ZK proofs certify correctness without exposing raw information.
Margin Lending is now live on Ethereum for @flyingtulip_, with initial caps across major assets:
▪️USDC & USDT: $1.50M
▪️WBTC: 10.00
▪️WETH: 999.5
▪️wstETH: 300
🔹Website refresh is live as well. Next is Spot
https://t.co/P4cOKbStCN
ICYMI: the next ZKsync protocol upgrade is on the governance forum.
v31 introduces, among many other priorities, native interop between ZKsync Chains denominated in $ZK 👇
"The contest wrapped up with zero valid Medium or High severity findings, making it one of the cleanest contest outcomes we have seen on Sherlock."
Very appreciative of Sherlock, our codebase was also one of the first public contests that really stress-tested "AI submissions", there were a lot...
That being said, audits are not a silver bullet, any good security is a layered approach. Audits for smart contract code, pen testing for web infra, external policy monitoring on RPC and external infra, bounties, public auditing contests, timelocks, multisigs, proper derisking of multi geographical signers, and code level implementations (such as circuit breakers or queues) all need to be considered. In today's "new defi" of proxy upgradeable contracts, msig managed configs, external RPC inputs for onchain decision making, one bad config can drain everything.
$ZK, the native token of ZKsync, is now live on @Revolut.
More than 15 million users across the UK and EEA can now access $ZK directly within one of the most trusted fintech apps in the world with seamless fiat onramps and 0% FX fees.
Here’s what this unlocks 👇
📢Introducing the next ZKsync protocol upgrade.
v31 is on the governance forum (ZIP-16):
▪️ZKsync Connect: native interop between ZKsync Chains
▪️Stage 1 support for L1-settling chains
▪️Expanded ZKsync OS compatibility
Tokenized deposits are here and they enable banks to stay competitive in the digital assets economy while preserving their business model.
Prividiums bring tokenized deposits on private, composable, enterprise-controlled rails 👇