Flying Tulip Weekly Update - June 5
This week: optimization and hardening of ftUSD and Lend across Sonic and Ethereum, ongoing work on the new version of the PUT Marketplace, and continued progress toward Spot, Leverage Trading, and TRS.
ftUSD supply remained stable at $2.15M, supported by rollout of on-chain delta-neutral strategies, with current staked ftUSD APY at 18.49% on Sonic, and 2.18% on Ethereum.
sftUSD redemptions are instant, with no unstaking periods and no exit queues.
More stats in reply 👇
@itstuyo PSA “The app will show you the exact fee before you confirm” is true only if you’re on the latest version of the app, at least on iOS. Don’t be me guys, I had an older version of the app and did not see a fee displayed so I happily withdrew and ended up taking the haircut.
@itstuyo >be me
>get an order in early during the initial chaos, super happy
>order gets cancelled, funds held, promo used, super sad
>funds released, eligible for promo again! yay
>delusions of becoming an f1 driver restored, thanks @itstuyo!
Superform has raised $1,420,069 via a sale on @echodotxyz to launch Superform v2, the first stablecoin neobank
High-yield. Simple. Secure. Non-custodial.
Now live in Early Access 🚀
@echodotxyz Smoothest sale yet! The only hiccup I had was with the info page displayed after submitting a buy - I fat fingered away from the page in my haste to check if buy went through and missed the link to the protocol discord. Can’t for the life of me figure out where to find it again
@Tyrielwood@NVIDIA get this man a card pronto, nothing compares to PCVR when it comes to pushing GPUs to their absolute limits and there are very few people on the planet who have done more than Tyriel to push the VR space forward
1/ We’re thrilled to announce AUTOMATE, a game-changing TypeScript framework that makes it easy for any dev to integrate DeFi protocols into the Hey Anon ecosystem. Our goal? Become the true blockchain abstraction layer for DeFAI.
2/ Why another framework? Because strict tooling is essential to prevent “hallucinations” in on-chain transactions. AUTOMATE enforces schema-based, deterministic logic, so devs—and AI agents—can safely execute complex DeFi operations with no guesswork.
3/ AUTOMATE supports:
• L2s: @arbitrum & @base
• L1s: @avax , @BNBCHAIN , @iota , @KAVA_CHAIN , @SonicLabs
Solana will be added soon!
4/ We want to accelerate DeFAI adoption:
• Parallel Integrations: Hundreds of pull requests, each adding new “deterministic paths” for DeFi.
• Easy Onboarding: Dev-friendly TypeScript, so anyone can contribute.
• Cross-Agent Compatibility: AUTOMATE empowers other AI or agent frameworks to seamlessly execute on-chain transactions and complex DeFi strategies, driving an open ecosystem for all.
5/ To fuel this growth, our DAO proposal allocates 2% of unallocated $ANON + $1M $USDC in grants. You build a valid PR for a new protocol/data stream → we review & approve → you get rewarded. First come, first served until funds run out!
6/ Grant ranges: From $6.9k to $420k, depending on protocol size & complexity. Note: Protocols (or their forks) already integrated in Hey Anon (see docs) aren’t eligible—only new integrations.
7/ Introducing our Fast Track System: Partner chains (Arbitrum, Avalanche, IoTa EVM, Kava EVM, Sonic) can add extra rewards in their native tokens for high-priority integrations. We’ll review those PRs first—win-win for the chain & devs.
8/ The GitHub repo will go public after the DAO vote concludes. Voting lasts 4 days—if it passes, devs can dive right in, submit PRs, and start earning grants!
9/ Why does this matter? Because a single framework that unites multiple EVM chains—and soon Solana—into a strict, AI-friendly layer will supercharge DeFi. Users avoid chain-by-chain complexity; devs gain a frictionless path to add new protocols.
10/ We see AUTOMATE as more than just a framework—it’s a milestone in building a universal DeFAI platform. Jump in, contribute your protocol, and let’s shape the future of decentralized finance together!
@0xNoe@Cbb0fe@AMF_actu@usualmoney 1. That makes sense as it gives those who want USD0++ exposure an appropriate discount to par value.
2. I was indeed referring to the BIG mechanism. Just wondering how it works in tandem with the fee switch (as protocol revenue also comes from rf yield)
Thanks for clarifying!